$2300 off MSRP on 2024 Ford Mavericks at Long McArthur

[Ozarkbeard]

Thanks…same process they had at Granger in 22.

Yep, that's typically how it's done.

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[Roadrunner11]

We have 90 2024 Ford Mavericks that need to find a good home.

Might be okay if the APR weren’t excessive, and you got the incentives you were promised.

 

[fordvideoguy]

Might be okay if the APR weren’t excessive, and you got the incentives you were promised.

Incentives promised? There hasn't been rebates on the Maverick ever. And 0% hasn't been available since the 22MY orders before production started.

 

[Roadrunner11]

Incentives promised? There hasn't been rebates on the Maverick ever. And 0% hasn't been available since the 22MY orders before production started.

I have nothing but the utmost respect for the width and breadth of your knowledge, and being one of the few people who actually has a clue about online sales. However I am sure you are aware there are certain groups of people who are eligible for incentives. And I can’t help thinking APRs approaching 9 percent are excessive.

 

[SloopJB]

My son-in-law just took delivery of a 24 Lariat, FX4 loaded for 4K off MSRP and Ford financing at 5.99%. It was offered at 6.99%, but they lowered it for some reason. (He did have a trade of a 2019 Explorer ST loaded up)

 

[paneubert]

I have nothing but the utmost respect for the width and breadth of your knowledge, and being one of the few people who actually has a clue about online sales. However I am sure you are aware there are certain groups of people who are eligible for incentives. And I can’t help thinking APRs approaching 9 percent are excessive.

I'm guessing the word that causes the confusion is "promised". I don't consider the $500 Farm Bureau or something like a "Personal Code" (what Ford has labeled an offer they sent me in the past for being a "loyal" Ford buyer) to be "promised". More like "available". All of those would not be impacted by the price a dealer chooses to sell their vehicles at. Not like there is a price floor where incentives suddenly are no longer eligible for use. Finance with them for 1k off the price if it makes sense. Don't finance if it doesn't make sense. For me, to be 100% transparent....I plan to finance for the 1k discount, let it ride at whatever rate it is, then refinance in 6 months or a year if I find a better rate. I will wait long enough to refinance that LM won't be asked to give back their cut of the deal. That way we both come out ahead.

Let's say 37K financed at 9%. That is 3,300 in interest over the life of the loan. Lets say a 5 year/60 month loan. That is $55.50 in interest per month. Yes, it is somewhat front loaded, but let's ignore that. That gives the buyer almost 18 months to refinance before they have depleted the $1,000 discount. Also remember that there was going to be some interest even if the rate was something like 5 or 6 percent instead of 9 percent. So we aren't comparing a zero percent rate with a 9 percent rate. More like a 5 or 6 percent to a 9 percent.

 

[fordvideoguy]

I have nothing but the utmost respect for the width and breadth of your knowledge, and being one of the few people who actually has a clue about online sales. However I am sure you are aware there are certain groups of people who are eligible for incentives. And I can’t help thinking APRs approaching 9 percent are excessive.

Depending on credit score the rate will vary from Ford. I thought when you stated incentives you were talking about special finance rates below the standard rates or rebates.

 

[OleFordGuy]

Can they be sold due to camera recall stop sale?
https://www.mavericktruckclub.com/forum/threads/dealer-wont-give-me-the-truck-recall-issue.57619/

 

[fordvideoguy]

Can they be sold due to camera recall stop sale?
https://www.mavericktruckclub.com/forum/threads/dealer-wont-give-me-the-truck-recall-issue.57619/

They can't be sold if they have a current recall. These don't have the recall so they can be sold. We take all vehicles with a recall with stop sale off our website.

 

[MakinDoForNow]

They can't be sold if they have a current recall. These don't have the recall so they can be sold. We take all vehicles with a recall with stop sale off our website.

I think he was asking if they were included in the additional vin # that were announced on 11/22/24?

 

[fordvideoguy]

I think he was asking if they were included in the additional vin # that were announced on 11/22/24?

We check recalls on our inventory every week and pull any stop sale off our website. The deal I listed about is good. Not every vehicle build in the recall time frame are affected.

 

[Roadrunner11]

Depending on credit score the rate will vary from Ford. I thought when you stated incentives you were talking about special finance rates below the standard rates or rebates.

Well my credit score is generally in the mid 700s, and I was referring to those people who served and sacrificed for their country, et al.

 

[electruc]

I'm guessing the word that causes the confusion is "promised". I don't consider the $500 Farm Bureau or something like a "Personal Code" (what Ford has labeled an offer they sent me in the past for being a "loyal" Ford buyer) to be "promised". More like "available". All of those would not be impacted by the price a dealer chooses to sell their vehicles at. Not like there is a price floor where incentives suddenly are no longer eligible for use. Finance with them for 1k off the price if it makes sense. Don't finance if it doesn't make sense. For me, to be 100% transparent....I plan to finance for the 1k discount, let it ride at whatever rate it is, then refinance in 6 months or a year if I find a better rate. I will wait long enough to refinance that LM won't be asked to give back their cut of the deal. That way we both come out ahead.

Let's say 37K financed at 9%. That is 3,300 in interest over the life of the loan. Lets say a 5 year/60 month loan. That is $55.50 in interest per month. Yes, it is somewhat front loaded, but let's ignore that. That gives the buyer almost 18 months to refinance before they have depleted the $1,000 discount. Also remember that there was going to be some interest even if the rate was something like 5 or 6 percent instead of 9 percent. So we aren't comparing a zero percent rate with a 9 percent rate. More like a 5 or 6 percent to a 9 percent.

While I agree with much of your post, wouldn't that be 9% per year so 5 times that much interest over the life of the loan? For a more detailed payment breakdown:
https://www.amortization.org/auto/amortization.php?amount=37000&rate=9&d=0&t=5&p=years&by=monthly

 

[MakinDoForNow]

While I agree with much of your post, wouldn't that be 9% per year so 5 times that much interest over the life of the loan? For a more detailed payment breakdown:
https://www.amortization.org/auto/amortization.php?amount=37000&rate=9&d=0&t=5&p=years&by=monthly

Geeeez! It would be 9%x5 years if the loan was interest ONLY payments for 59 months and a final payment of one month interest and a final payment of the $37,000.00 principal. Also I believe regulation require all auto loans to be simple interest with a scheduled monthly payment. This means that if you make a payment a few days before the scheduled due date the payment goes first to the interest for the number of days since the prior payment was received with the balance due reduced by the remainder. Means that if you pay an extra $100 or whatever on any payment you will not owe any interest on that extra payment for life of loan.

 

[fordvideoguy]

Well my credit score is generally in the mid 700s, and I was referring to those people who served and sacrificed for their country, et al.

Agreed.

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