Good Price?
Super Moderator
Joined: Jan 2008
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From: Maine, Virginia
Excellent point and make sure you look for some total loss insurance with your lender. Some lenders actually require it in some cases.
Senior User
Joined: Feb 2004
Posts: 164
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From: Denver, CO
I just got home. I wound up getting suckered into the extended warranty but they lowered the int rate down to make the payment the same. It seemed like a good deal but I'll have to calc it out to see if it really was. I was at 8.99% from Ford Motor Credit and with the warranty and the discount it was 2.9%. I figure $500 a month for 60 months is $500 for 60 months either way. The only problem is if I was to refinance or sell it early I'd have about $3k more on the loan.
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New User
Joined: Jun 2010
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MSRP: 34,230 + 300 (tint) = $34,530
Sale Price: 23,207
Warranty and Maintenance Plan - $2,745 (60 months, 75k all scheduled maintenance and warranty work)
TTL: 1,843.40
Down Payment: $1,000
Total Financed: 27,794.50
Payment: 60 months @ 2.9% = $499.31
The warranty covers 60 months, 75k all scheduled maintenance and warranty work.
I could have either take 8.99% for 60 months with no warranty and payment would have been the same as 2.99% for 60 months with the warranty. I probably should have not done the warranty and refinanced at 5% which makes the warranty overall cost about $1,200.
Sale Price: 23,207
Warranty and Maintenance Plan - $2,745 (60 months, 75k all scheduled maintenance and warranty work)
TTL: 1,843.40
Down Payment: $1,000
Total Financed: 27,794.50
Payment: 60 months @ 2.9% = $499.31
The warranty covers 60 months, 75k all scheduled maintenance and warranty work.
I could have either take 8.99% for 60 months with no warranty and payment would have been the same as 2.99% for 60 months with the warranty. I probably should have not done the warranty and refinanced at 5% which makes the warranty overall cost about $1,200.
Moderator
Joined: May 2007
Posts: 158,364
Likes: 11,969
From: Greenfield, MA
MSRP: 34,230 + 300 (tint) = $34,530
Sale Price: 23,207
Warranty and Maintenance Plan - $2,745 (60 months, 75k all scheduled maintenance and warranty work)
TTL: 1,843.40
Down Payment: $1,000
Total Financed: 27,794.50
Payment: 60 months @ 2.9% = $499.31
The warranty covers 60 months, 75k all scheduled maintenance and warranty work.
I could have either take 8.99% for 60 months with no warranty and payment would have been the same as 2.99% for 60 months with the warranty. I probably should have not done the warranty and refinanced at 5% which makes the warranty overall cost about $1,200.
Sale Price: 23,207
Warranty and Maintenance Plan - $2,745 (60 months, 75k all scheduled maintenance and warranty work)
TTL: 1,843.40
Down Payment: $1,000
Total Financed: 27,794.50
Payment: 60 months @ 2.9% = $499.31
The warranty covers 60 months, 75k all scheduled maintenance and warranty work.
I could have either take 8.99% for 60 months with no warranty and payment would have been the same as 2.99% for 60 months with the warranty. I probably should have not done the warranty and refinanced at 5% which makes the warranty overall cost about $1,200.
I think they took you up top on the ESP/Maintenance plan. You can cancel it for a refund...which would go to the finance source. Contact Troy Dietrich at Ford of Greenfield... tdietrich@fordofgreenfield.com
If you want the ESP/Maintenance...he can sell you one cheaper. No B/S...genuine Ford plans.
Also...I believe that it is against the law to offer you a better rate if you take additional stuff. I belive it's called "conversion".
Junior User
Joined: Mar 2010
Posts: 54
Likes: 0
From: Newmarket ,Ontario,Canada
I think they took you up top on the ESP/Maintenance plan. You can cancel it for a refund...which would go to the finance source. Contact Troy Dietrich at Ford of Greenfield... tdietrich@fordofgreenfield.com
If you want the ESP/Maintenance...he can sell you one cheaper. No B/S...genuine Ford plans.
Also...I believe that it is against the law to offer you a better rate if you take additional stuff. I belive it's called "conversion".
If you want the ESP/Maintenance...he can sell you one cheaper. No B/S...genuine Ford plans.
Also...I believe that it is against the law to offer you a better rate if you take additional stuff. I belive it's called "conversion".
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New User
Joined: Jun 2010
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I just read through my contract and it says I can cancel within 30 days as long as there are no claims made. So I could cancel it, get the $2,745 back and keep my 2.9% int rate....sounds like a good deal...I know the dealership will be super p'd at me if I do that but oh well, they shouldn't have been so hard up in the finance office.
Fleet Mechanic
Joined: Feb 2007
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From: Boston, MA
Fleet Mechanic
Joined: Feb 2007
Posts: 1,716
Likes: 0
From: Boston, MA
I just read through my contract and it says I can cancel within 30 days as long as there are no claims made. So I could cancel it, get the $2,745 back and keep my 2.9% int rate....sounds like a good deal...I know the dealership will be super p'd at me if I do that but oh well, they shouldn't have been so hard up in the finance office.
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New User
Joined: Jun 2010
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Standard Ford warranty of 36 months/36k miles bumper to bumper and 60 months/60k miles powertrain.
Yes I'm in Texas. 4x4 would be nice but that extra is like $3k which was already over what I wanted to spend. We get snow maybe once a year and we have a AWD Mazda CX7 if we need to brave that.
It's nice to be back in a Ford, my first car was a 1992 Ranger. I sold my black 2001 F-150 Regular Cab Sport 2wd 5-speed V6 in 2005. I had a 4.5" suspension lift, 3" body lift, 35" AT tires, and a PIAA airdam on the front with 150 watt KC daylighter longthrows. I really liked that truck but driving it back and forth to work became too much. After that I had a 2005 Altima, 1994 Camaro Z28, 2003 Nissan 350z, and then the CX7 which I just gave my wife.
Yes I'm in Texas. 4x4 would be nice but that extra is like $3k which was already over what I wanted to spend. We get snow maybe once a year and we have a AWD Mazda CX7 if we need to brave that.
It's nice to be back in a Ford, my first car was a 1992 Ranger. I sold my black 2001 F-150 Regular Cab Sport 2wd 5-speed V6 in 2005. I had a 4.5" suspension lift, 3" body lift, 35" AT tires, and a PIAA airdam on the front with 150 watt KC daylighter longthrows. I really liked that truck but driving it back and forth to work became too much. After that I had a 2005 Altima, 1994 Camaro Z28, 2003 Nissan 350z, and then the CX7 which I just gave my wife.
Junior User
Joined: Mar 2010
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From: Newmarket ,Ontario,Canada
standard warranty in Canada the same 36 mos 60,000KMS and 5 year 100,000KMs powertrain.....
While Toronto area doesn't get a ton of snow ,,,,there is enough here and more than enough heading 150 miles north to my cottage to warrant a 4x4....
While Toronto area doesn't get a ton of snow ,,,,there is enough here and more than enough heading 150 miles north to my cottage to warrant a 4x4....
Moderator
Joined: May 2007
Posts: 158,364
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From: Greenfield, MA
I just read through my contract and it says I can cancel within 30 days as long as there are no claims made. So I could cancel it, get the $2,745 back and keep my 2.9% int rate....sounds like a good deal...I know the dealership will be super p'd at me if I do that but oh well, they shouldn't have been so hard up in the finance office.
The $2745 would go to the bank...not to you. It would reduce the amount you pay back...but...not change your payments.
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New User
Joined: Jun 2010
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What do you guys think about keeping the $2,700 warranty? If I gave it back I'd pay less in int and pay the truck off 5 months sooner. If I keep it I have that piece of mind knowing it's there. I do like that it covers the oil changes for 5 years, how much are they usually, $35?
I know the warranties can be a hassle because they'll give you a run around on fixing things sometimes.
I know the warranties can be a hassle because they'll give you a run around on fixing things sometimes.