How are you paying for Maverick?

[Silverado90]

26k out the door, list price with taxes brought mine to 29k with no added options or cost. Great write up and I like the way you have completed your transaction. I have more or less followed your steps, although zero down and low interest put my checkbook back in my new Maverick Hybrid XLT. I plan on ordering a 2024 and selling my 22 before warranty runs out. Enjoy driving the hybrid!

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[Dignam]

Cash + trade for a good chunk of it, loan for the rest which will be paid off within a year. Main goal was keeping hands off my investments and still being able to contribute to them.

 

[Deleted member 25907]

One good thing about waiting for this, is I’m allowed to save some $ for purchase. But nearly all of this, I’m withdrawing from 403b retirement account, as now I’m past the 59.5 years old and don’t have an early withdraw penalty..Im sure Dave Ramsey wouldn’t agree, but I don’t want to be paying $400 or whatever for 5/6 years. So how are you paying for it?

Cash

 

[RayRay]

Does anyone know the current Ford finance interest rates?
And would the interest rate at the time of purchase(Sept. 2022) apply now?
Thanks

Hi , For my 2023 Hybrid XLT signed on contract will be 7%

 

[Blkhwk741]

Hi , For my 2023 Hybrid XLT signed on contract will be 7%

Thanks. 7% appears to be about industry average.

 

[TheTesterMan]

I drive my cars as far as they go and put cash aside when I can for the next car. My 2010 Scion XB was a great car but it was time so I dug into the piggy bank and paid cash for my 2023 XLT

 

[Ozarkbeard]

Hi , For my 2023 Hybrid XLT signed on contract will be 7%

Ouch. 7% is too high for me to buy something on credit.

 

[dalola]

Back when I ordered (Oct '21, Ford was kind enough to offer free use of their money for 3 years, so I said thank you very much, you can cover the whole thing! I even took my $100 deposit back.

 

[oilman300]

I netted 14.5K from the sale of my 2019 Hyundai Kona. I financed the rest at 1.9% for 60 months with Ford Motor Credit. My payment is only $150/mo.

 

[DaveMave]

This brings back memories. Our German teacher in high school played this song during our final exam.

Can't touch Louis Prima's version, though.

 

[pigsareus]

One good thing about waiting for this, is I’m allowed to save some $ for purchase. But nearly all of this, I’m withdrawing from 403b retirement account, as now I’m past the 59.5 years old and don’t have an early withdraw penalty..Im sure Dave Ramsey wouldn’t agree, but I don’t want to be paying $400 or whatever for 5/6 years. So how are you paying for it?

you could take out a loan from your 403b plan and pay yourself back over X years - that way you're only paying yourself

One good thing about waiting for this, is I’m allowed to save some $ for purchase. But nearly all of this, I’m withdrawing from 403b retirement account, as now I’m past the 59.5 years old and don’t have an early withdraw penalty..Im sure Dave Ramsey wouldn’t agree, but I don’t want to be paying $400 or whatever for 5/6 years. So how are you paying for it?

take a loan from you 403b and pay yourself back over the next X years, you pay the principal and the interest back to yourself instead of someone else.

 

[Utjazz]

you could take out a loan from your 403b plan and pay yourself back over X years - that way you're only paying yourself

take a loan from you 403b and pay yourself back over the next X years, you pay the principal and the interest back to yourself instead of someone else.

That is great advice I hadn’t thought of. Thank you!

 

[briandefilippo]

Got my 2022 last July. Ford did not offer special rates at the time for 60 mos. But what I got from Ford was similar to my credit union.
I suggest half withdraw and half finance!

 

[Mikew555]

Does anyone know the current Ford finance interest rates?
And would the interest rate at the time of purchase(Sept. 2022) apply now?
Thanks

I use Ford credit and they used the credit rate the day I placed the order not the day of delivery

 

[pigsareus]

That is great advice I hadn’t thought of. Thank you!

Yw. It has a lot of advantages including it not showing up on your credit report, any interest you're paying you're just paying to yourself, the money you pay back continues as an investment in future earnings (well...and potential losses :}) , depending on your plan you get up to 5 years to pay it back, it's pretty much instantaneous you get the funds pretty quick.....

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