This isn't true in all cases, I ordered my Mav in January 2022, and I have a locked in rate at a killer 0% for 36 month I think. Some rollovers might be in the same situation.
If your truck is a 2022, then the incentive rate lock-in is still valid. If your truck got pushed to 2023, the incentive rate doesn't apply.
People who think that "a few percentage points don't matter" don't understand the concept of compound interest.
Interesting, I'll keep an eye out to see if it changes for me. As of now there is still a code in my file for rate lock and my dealer seems to be honoring that... at least at the moment.
Finance folks always try to get you to focus on the payment. The "Payment" should never be the focus. $10 a month for 60 months needs to be thought of as $600.00. I remember some loser finance guy trying to belittle me, telling me "it's just another $10 a month...you can't afford that?" I responded that we were $600 apart on the deal, not a lousy $10.
Yeah, let us know. I had 1.9% for 60 for the 22 that was canceled, but pretty sure it won't be there when I go to pick up the 23.
I picked mine up yesterday and the 22 finance rate does not apply to the 23 rollovers. I went with my credit union. They were 5% and Ford could not beat this.
Yes you're correct they are simple interest however their front-loaded as well
