good news. i called the dealer to talk to him about some things. i also asked where my truck was in the production steps. he told me that it will be here around the 19th of march. one month earlier.
now here's where i've got some issues. i woek for my local transit company and we have a contract with our casino to bus the employees from the lot to the casino. they might be striking at the end of the month and i have the possibility of being laid off til the strike is over. i told my sales guy this. he said " we'll jump off that bridge when we get there" "we are flexible, you pay your first payment one month after you get your truck" (one month of a strike covered if needed) he also said, " if we need to push back your payments and incorperate it into the next few, we can".
i asked, "can it be added on at the end of all my payments? such as i make 62 payments instead of 60 aand i get the first two months covered?"
he said "that's an option also"


even if i was to wait until the end of march insted of ordering when i did, there would still be the issue of a strike. i ordered when i did just in case, i was unable to get 0% financing as it was done at the end of this month.

so what i'm looking for is assurance, any of you new truck owners go through something like this and need a payment pushed back? how flexible was the dealer or ford credit?
i just wanna clear up too, it's not me striking. we signed our contract in december and it's good for three years. by that point though, i'll be on the city side, driving a large city bus. maybe by summer.
matt.

 

I would watch that "can it be added on at the end of all my payments". Its call deferring your payment, not sure how it is up there, but down here you still have to pay the interest for that month/months.

 

it's 0% financing for 60 months. your saying that after 60 months, they start accumulating interest? if you owe anything. like if you buy a sofa and "don't pay for a year"? after the year, they ding you with interest. that i knew, about the car and deafering payment. is it the same thing?

 

Yea, if it is not paid of completely, and correct me if i am wrong. You will get hit with the interest of the full loan, not what is left...

 

i called the dealer. the financing is 0%. he said if there was any fees, it would be minimal like a late charge since there is no interest being accumulated. or they could take the first payment and divide it up into the rest of the payments.

 

I would just watch going over the 60 months... i really wouldnt push over unless you have to, and if you do, when the strike is over, pay off the overage... I am work in collections... do you have a copy of your contract?

 

i haven't signed anything yet. all i did was do a $100 deposit.

 

I happen to have a great dealer that looks out for me, i also send him about 5 people a year. Is this your first time dealing with this dealership?? I have been screwed before by a different ford dealership... Just make sure you read the fine print that might be on the back of the pages that he does not show you. This is where many people dont look, and that is where all the catches are... if he says that there will be no penalty/fees for adding to the end of the loan... GET IT IN WRITING... anything that seems too good to be true... GET IT IN WRITING....

 

Like Tearloch said read the fine print. I worked for an auto collections company for several years before moving to Arizona. Most of the time that is a dfrmnt and it is not a good thing to do. not sure how it would work with 0% finanacing cause we didnt offer loans that low. if they do do a dfrmnt the best thing that you can do is when you get your takes next year or some extra money make pymnts towards your principal as well as you regular monthly pymnts. dont add extra money on to your monthly pymnt as that is just going towards your monthly pymtns. you want to have that extra money applied to PRINCIPAL

 

what is dfrmnt? are you missing some letters? i'm also gonna assume that takes is supposed to mean taxes? i've heard about principal before in an economics class.

as for dealing with the dealership. yes my first time. i've got an uncle whose bought 2 trucks from the sales guy i'm dealing with. my grandmother also bought her escape from him and i'm not sure where my grandfather bought his focus from. my stepdad bought his 05 gt from this dealer also. his sales guy didn't see him for a couple years and still remembers what he bought/ who he is. i've been to dealers that i went in and talked to a guy. went in a couple of months later adn he's asking my name again, even though i spent a half hour talking to him about options. what i'm trying to get at is the dealer has a great reputation.

 

good.

 

so that's it? i'm gonna be fine? i guess we'll see. i do know that i'm getting my taxes done in the next week. i'm waiting on what we call a T4. i'm gonna use it for a couple monthly payments if i have to (if i get anything back). if they don't strike, i'll just use it accordingly. maybe get a bed liner, and go from there. one other thing, the truck comes with running boards or those sidesteps. i don't really want/need them and i've got a guy who has a 99 x-cab 4x4. they should fit his truck right? i hope so, he said he'd offer some money for them.

i don't see why they wouldn't fit. both are x-cabs and 4x4. the mounting points should be the same right?

 

One way to "catch" up if you have to defer would be to take your monthly payment and divide it by 12. So, 360/12 = 30, and then add that much to each payment. By the end of the year you would have payed on payment extra. Do this for the life of the loan and you should be paid off early, even with defering the couple of payments. Hopefully you won't have to go on strike, and don't have to deal with any of this, I think that would be the best scenerio. Good luck!

 

Just have it set to auto-pull from your account.. and save up some money? Create a seperate account for it.. and deposit a few payments into it.. so if you do get a striek happening, you can sit tight and easy

 

I look at it differently. First I would not even consider an expensive purchase if there was even a chance of a strike. You NEVER make that lost money back. Have you ever been out on strike before? What do you get? $50 a week and 8 hours picket time? With the economy the way it is don't expect to find a decent job while you are out. Even when times are good many companies won't hire strikers because of the cost of employment for a short period.
Be on strike and paying a new truck payment, registration, taxes and increase in insurance?
I would be asking the dealership if I can get my deposit back if I went on strike if not I figure $100 is a cheap way out.

It's your gamble. Will $200 a month cover all your expenses? The draftman's strike in 1977 lasted 10 months. There were jobs in building homes back then but we all know what that market is like right now. :(

 

If you'll read it again you'll see that he isn't going on strike, but he depends on the workers going to work every day for his job. So if they go on strike then he doesn't have a job.

 

please read clearly what someone types. i'm not striking. the company i'm contracted out to, to drive employees is potentially going to strike. i am aware of what happens when a company strikes. also, here, i'd be making 55-60% of my wage. it's alot more then the $200 strike wage. if i was laid off, it'd be real tight. i'd have enough for my rent and truck with some left over. so i'd be looking for some driver work (limo,charter,whatnot). our city is very union orientated. we have CAW locals 195 and 200, 1979, CUPE for the city workers, ATU 616 (mine). plus the IBEW, the cement/bricklayers one and all of the other skilled labours and other ones i can't think of right now. i'm unaware of this draftmans' strike. as i'm 28 and canadian.

i just asked if anyone had good expereinces from their dealers helping them. i talked to my sales guy and they are going to do what they can to help me.

 

Asking a car salesman to arrange special financing... is like asking a shark to hold your legs in his mouth while you put on your goggles and flippers.

Not smart IMO.

Rich

 

um, you may wish to call ford credit directly on this. I ran into a similar situation last summer. I missed a payment - actually FORD lost the check. Anyways had it not been for the wire transfer of $500 at ChinaMart, It would have hit my credit and dads credit.

with FC, you have 30 days to make the payment, at 30days, FC reports you to all 3 credit beaureaus . and then ur phucked.

Next up... My truck was a lease, a 12K mile/yr 3yr lease. But, because I like the truck so much, I decided to buy it out. And even though, in most situations, buying a out a lease is 'bad' in my situation, it was good. Because my buy out was cheaper than used 04 rangers with less options and more miles than my truck, and, my truck has been 'prepped' for long term use... like rust proofing greese, painted a bunch of stuff, made it so the truck would last with minimal rust, where as other trucks on the lost selling for more than my buy out were already rust buckets..... (MY undercarriage, isnt rusty)

Moving on.... My lease ended Aug 28 2007. and dad and I were in the process of 'buying it out' But because I paid FC $500 in June, plus they found the $300 check they lost, that effectively extended my lease by 1 month. pushing my Lease end date back to Sept 28, 2007. But heres where it got majorly hairy... Dad passed away Sept 2nd, with no warning.... Now, When we leased my truck, we put it into my name as well as dad incase dad happened to die, I wouldnt get screwed out of my truck. We did this for this reason, and I am glad we did. But, that turned into another problem in itself sorta, cause I didnt have the 'energy' to deal with FC, so I sent them another payment on my lease, artificially extending the lease to Oct 28. 07 LOL And then, decided to buy out the truck sent them the death notice, copy of the will, and they re did my lease to a buy out, and viola! got my truck... But, you need to talk to Ford Credit (FC) and see if this will affect your payments, the monkeys at the dealership dont know ****, and make sure you get everything in writing, even from FC, cause we called on the 26th day (late) and kept getting conflicting answers as to wether or not the late payment would hit our credit... Even tho we have never been late on a payment, FC was un willing to even work with us. Which is why I sent a $500 payment via wire transfer just to pay off the phuckin lease so i wouldnt have to deal with it.

 

Morris,

Here are your options. You can just not buy the vehicle until your employment is more secured.

You can buy the vehicle and push teh first payment date out 45 days.

You can also look at 72 or 84 months financing. Do get gap insurance from your autoinsurance company, NOT THE DEALERSHIP, if you go for a longer term loan.

you may also want to ask the ford fiannce person if he has access to the ford "Flex buy program" What ford does with this is makes the payment for the first 36 months say $350 and then the remaining 30 months you will pay $450 THis is just an example though.

Do not consider leasing. The residual value of the rangers is and forever will be in the crapper.

Remember,

You do not own a vehicle until you drive it off the lot and have left the F&I office.

 

Get a job at domino's a deliver pizza if that happens and you need a quick job. I make decent money doing it.

 

This is actually generally true. However in my situation, the Rangers around here, 04's basically, my truck, with similar, but often higher mileage than my own, were selling for between $14,000 and $16,000. I know this because before the lease ended, I attempted a 'fake buy' of another 04 ranger like mine, and the lowest the dealers would go is $14,000.

My buy out however, was 11,000. So it was actually stupid for me to trade it in, since I couldnt replace it with another ranger unless I went with an 01, or an 02 in alot crappier condition than my own.

however, I would also like to note, that I happened to luck out on mine, and this actually never happens. When u lease, your residual is usually higher than what you can buy another vehical like it for. Causing you to be upside down on the payments, and owing more than the truck is actually worth. I lucked out.

 

i've delivered pizzas in the past for a pizza place that has (as in they still use) chevettes. fun little car to bomb around in and make good money with. all the dominoes/ little ceasars make you use your own car. i wouldn't feel good about using brand new ranger as my delivery car. i'd be lucky to break even. and if you think about wear/tear, i'd be loosing money.

 

My truck was brand new when I started doing delivery. If it's only a part time job you would make more then you'd be putting into it.

 

so i called the dealer yesterday (wednsday) to see if my truck was in. good news, it came in tuesday night! the dealer said i also get $500 to spend on acessories. so i'm thinking about the tonnaeu (does anyone spell it right?) cover. or possibly a hitch reciever and an fx4 shifter. i dunno i'm still undeceided about that. anyways, he wanted to know when i could come and get it. i said tonight (wednsday night) no dice for him. thursday (no dice for me) closed saturday. going monday to pick it up.

i got my taxes done and it's enough to cover a month if i need in case of any strike. so my truck is covered up for a couple months. i feel much better right now. and s soon as i get it. you guys get pics.