Maverick Launch / Special Financing extended to Sept 30th

[Chawman]

How about you just get me my truck.

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[nellie]

You've gotta love how they create their own random language that must then be "interpreted" by someone at the dealership and "explained" to the customer when it doesn't mean what they think it means.

1. New Ford Maverick models only...they aren't doing this for F150 buyers
2. Maximum 20% to Income...if you only make $10,000 per year, your payments can't exceed $2000 per year
3. Maximum advance 110% on MSRP....they aren't going to finance $10,000 dealer markups over the suggested retail price, just MSRP with a reasonable 10% margin for destination fees, etc.
4. Maximum terms...they aren't going to finance your loan for more than 72 months...
5. Tiers 1-4, Standard and Subvened, personal use only...loan shark gibberish they'll have to explain to you at the point of purchase and probably leave you feeling cheated if you don't qualify...the "personal use only" bit likely means it's not available on Mavericks you intend to us for commercial purposes. (When I typed this, "subvened" is underlined in red, because the built-in dictionary doesn't consider it to be a real word. It actually is real word, though, that means "arrived or occured as a support or relief." How that applies to a loan, though, is still not clear.)
6. Minimum FICO score...you aren't getting a loan if a credit bureau rates your past history buying stuff with someone else's money as less than ideal
7. No prior repossessions, etc...like #6, if your history indicates you won't pay, you won't get these terms.
8. One unit...if you buy two or more Mavericks, you're only getting these terms on one of them.

 

[onetequilatwo]

This all looks good, except believe it is extremely dicey will be getting delivery by Sept 30th or even MY22.

 

[chuckles]

1. New Ford Maverick models only...they aren't doing this for F150 buyers
2. Maximum 20% to Income...if you only make $10,000 per year, your payments can't exceed $2000 per year
3. Maximum advance 110% on MSRP....they aren't going to finance $10,000 dealer markups over the suggested retail price, just MSRP with a reasonable 10% margin for destination fees, etc.
4. Maximum terms...they aren't going to finance your loan for more than 72 months...
5. Tiers 1-4, Standard and Subvened, personal use only...loan shark gibberish they'll have to explain to you at the point of purchase and probably leave you feeling cheated if you don't qualify...the "personal use only" bit likely means it's not available on Mavericks you intend to us for commercial purposes. (When I typed this, "subvened" is underlined in red, because the built-in dictionary doesn't consider it to be a real word. It actually is real word, though, that means "arrived or occured as a support or relief." How that applies to a loan, though, is still not clear.)
6. Minimum FICO score...you aren't getting a loan if a credit bureau rates your past history buying stuff with someone else's money as less than ideal
7. No prior repossessions, etc...like #6, if your history indicates you won't pay, you won't get these terms.
8. One unit...if you buy two or more Mavericks, you're only getting these terms on one of them.

Nobody else has asked, so I will. Do you have details and specifics for the item:

Minimum $500 customer cash (non-incentive) or trade equity

 

[paneubert]

Nobody else has asked, so I will. Do you have details and specifics for the item:

Minimum $500 customer cash (non-incentive) or trade equity

All that means is you have to either put at least 500 down, or trade something in worth 500 or more. Can't be a credit from something like farm bureau discount. Has to be 500 you are bringing to the table.

 

[2cafn8d]

Oh good! I was wondering about this. I've been working on my credit for when I get my truck. Hoping I am their 1 already, but just in case.

 

[TampaBayMaverickNole]

This is for special guaranteed approvals and a 1 tier bump for rates. If you are a tier 0-2 tier approval probably don't need to worry about this because rates should be locked in and protected by your dealer through smart Vincent.

Does this mean that I should go to my dealership and have a talk with my sales consultant about this and follow up on my order status?

 

[TampaBayMaverickNole]

1. New Ford Maverick models only...they aren't doing this for F150 buyers
2. Maximum 20% to Income...if you only make $10,000 per year, your payments can't exceed $2000 per year
3. Maximum advance 110% on MSRP....they aren't going to finance $10,000 dealer markups over the suggested retail price, just MSRP with a reasonable 10% margin for destination fees, etc.
4. Maximum terms...they aren't going to finance your loan for more than 72 months...
5. Tiers 1-4, Standard and Subvened, personal use only...loan shark gibberish they'll have to explain to you at the point of purchase and probably leave you feeling cheated if you don't qualify...the "personal use only" bit likely means it's not available on Mavericks you intend to us for commercial purposes. (When I typed this, "subvened" is underlined in red, because the built-in dictionary doesn't consider it to be a real word. It actually is real word, though, that means "arrived or occured as a support or relief." How that applies to a loan, though, is still not clear.)
6. Minimum FICO score...you aren't getting a loan if a credit bureau rates your past history buying stuff with someone else's money as less than ideal
7. No prior repossessions, etc...like #6, if your history indicates you won't pay, you won't get these terms.
8. One unit...if you buy two or more Mavericks, you're only getting these terms on one of them.

Thanks for this breakdown on this. I was asking if I should contact my dealer's sales rep over this writting.

 

[JennyJoannSuebeeMcNash]

Why so judgemental ?

Things aren't always what they seem from the outside.

That's right. You gotta rebuild your credit somehow. Why not a car loan? We all gotta start (or restart) somewhere. Bought my first house (1995) with a 530 credit score, and three years later bought my first new car.

 

[JoeEd]

I was thinking of getting a Ford credit card and use that for down payment to get some Pass Points. I wonder if that will work with this offer. I've got the cash for the dp, but figure I may as well get some "free" points.

Yes. Picked ours up yesterday. 36 months, zero %. Was able to use “X” pricing, military rebate, and allowed to charge $5,000 on FORD credit card.

 

[Finklejag]

why the heck is that? I bet most financed are 650 avg.Some people get them in the 500’s

Because 620 FICO is sub prime. You should be looking at low price used car and not a new car. Gotta keep up with the Jones.

 

[Renho17]

ya but a low credit score doenst mean i cant afford a $500 car payment a month. Thats just what the man labeled me as...

 

[nick112288]

Because 620 FICO is sub prime. You should be looking at low price used car and not a new car. Gotta keep up with the Jones.

Have you been paying attention for the last couple years? A new Maverick XL Hybrid at low 20s is the same or less than what is currently considered a low priced used car.

My wifes cousin works at a local dealership and I was curious if they had any Rangers and what they wanted. They have a 2020 XLT Supercrew, 30k miles, they want $39,xxx for it.

 

[Maverick Man]

Good News, Ford is extending the launch of special financing.

Either way, it pays to look around for the best rate; I got my loan from Gesa Credit Union at .99% interest!

 

[VICKY]

Good News, Ford is extending the launch of special financing.

ALSO SAME CHANGES TO 04/18

What in the world is a one tier enhancement?
Sorry showing my lack of knowledge.

This is ALL greek to me? Not a lot of mention of current rates?

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