I would probably have to finance through them to qualify for those incentives, right? I was just one there site and they do offer a law enforcement discount of $500 and I qualify for that.

EDIT: That being said those offers dont add up to alot. Plus I dont want to finance more then $20,000 and a new F-150 Supercrew start at about $38,000. Even with my trade/cash and the few thousand dollars in incentives that I might get if I finance through Ford dont make up enough.

 

I don't think you have to finance through them to get those. They just want to sell trucks. They don't really care how they get there money they just want it.

 

Thats good to know...

 

You will usually get a better interest rate on a new vehicle then a used.

 

Agreed.

 

If you know someone who works for Ford they can give you an X plan number. That's usually a few thousand off a new vehicle. I get them as an affiliate, but only for family.

Also, Ford gives a $500 law enforcement discount and $500 student discount if you take any college courses. If you join AQHA for $40 you get another $500 discount.

So with the incentives, discounts available, and lower financing for a new vehicle that is the smart way to go.

 

The ford dealer i used to work at gave discounts for being a member of a Credit union. ask that also.

 

Would getting $5000 worth of incentives and price reduction through bargaining seem like a far stretch?

That combined with a great interest rate if I can qualify for it is probably the only way I can get a truck payment of $400.

 

Should be doable.

 

Hell yea bargain. if they really want to sell you a truck, you have all the power.

 

If you buy from a Ford dealer using Ford credit, new or certified used and you have excellent credit you will get 1.9% on a 48 month or less loan and 2.9% on a 60 month loan. I highly doubt any credit union will be able to beat that rate. You should check into it.

 

I dont have excellent credit. I have ok/good credit.

 

Well if you do end up buying an eligible vehicle from a Ford dealer it would be worth asking about. I'm not sure what the credit threshold is.

 

I'm going to ask reguardless. I would bet the threshold is at least 725 if not more.

 

You definately do not get that good of an interest rate on a certified used vehicle, it won't be anything less than 7%..

one thing to keep in mind if you trade your truck in you only pay tax on the difference owed, in your case I would just go into the dealer tell them what your able to offer, do not keep your trade in a secret and make THEM bend Over backwards to meet your demands, if not you walk

 

I got 6.5% interest when I bought my ranger and my buddy who bought one last year has a 6% interest rate....both trucks were used.

And believe me... they WILL bend over backwards. I am going to hammer them on every angle possible... any buyer should.

 

Bought my Expedition certified used from a Ford dealer using Ford credit with an interest rate of 2.9% for 60 months. 48 months or less would've been 1.9%. You definitely can get a rate that good.

 

Yeah you can get a lot lower then 7%. 7% is actually pretty high.

 

Yeah 7% is pretty high, my credit union is doing 4.25% right now for a used car.

 

Mine is doing 3.49%. I should see about a lower interest rate! hmmm

 

I'm talking about financing through a dealership, I had 3.99% through my bank when I was financing my truck but that's not always an option for people