Another Finance Rate Question

[skadizzle]

My Maverick is coming in a week or two and I am trying to get my finances in order beforehand. I know that the finance rates that were locked in for the 2022 order are gone. To get those previous rates you would go into Smart Vincent and select order date or something like that.

Even though there are no incentives right now, when you go for financing, can they still select the order date under Smart Vincent and get the rates that were available back in September 2022? I would imagine those rates are still less than the current Ford rates of 7% and up.

I am trying to decide if its even worth applying for Ford credit if all I can get is the current rates.

TIA

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[Cheesehead]

I just got mine last weekend and the dealer said there were no Maverick options from Ford for financing, at least not competitive rates. I was able to get 5.75% through my dealer and a local CU.

 

[commadorebob]

My understanding from my dealership was I would be eligible for Ford's rates as of the day the order went in. So, whatever they were in September is what you will be eligible for. If that's the case, I don't think it is worth the effort to apply early.

That said, credit unions will almost always beat market rates except for when Ford is doing their extremely low rate offers.

 

[skadizzle]

My understanding from my dealership was I would be eligible for Ford's rates as of the day the order went in. So, whatever they were in September is what you will be eligible for. If that's the case, I don't think it is worth the effort to apply early.

That said, credit unions will almost always beat market rates except for when Ford is doing their extremely low rate offers.

Yeah, that's what I would assume. I want to say when I checked the Ford Build and Price set back in September it showed 3.9% for 60 and 4.9% for 72 or something like that. If those hold, that would still be better than I'll find most other places. I plan on applying at ECU for 4%, my local CU where my last two loans are from and probably Ford as well.

 

[JBryant]

Trading in my EB with 1.9 FMC when my Lariat Hybrid gets here next month. Will pay it off and
D have to pay 5% plus even at CU. Bummer.

 

[Darnon]

My understanding from my dealership was I would be eligible for Ford's rates as of the day the order went in. So, whatever they were in September is what you will be eligible for. If that's the case, I don't think it is worth the effort to apply early.

There's been a mixed response on that. I believe even @fordvideoguy has mentioned recently because there wasn't an incentivized rate in September there wasn't anything to lock in.

 

[commadorebob]

There's been a mixed response on that. I believe even @fordvideoguy has mentioned recently because there wasn't an incentivized rate in September there wasn't anything to lock in.

Not that there was an incentive rate, just that the rate itself at the time. So, if you otherwise qualify for A Tier rate, you get what A Tier was in September and not what A Tier is today.

But as there was no incentives, credit unions may be a better way to go.

 

[LtCasual]

5.24% from my credit union for 60 months. We'll see what the dealer has to offer.

 

[skadizzle]

I was going to ask Tim @fordvideoguy on his YT stream today unless he happens to chime in on here before then.

 

[MM Mav]

I screen shot this in August... notice it says good 7/6-10/3 and it was when 2022's were all you could build and price.

 

[jsus]

I screen shot this in August... notice it says good 7/6-10/3 and it was when 2022's were all you could build and price.

Ford Credit promotional ("subvented") rates vary by model and model year. Those special rates were valid for a 2022 Maverick at the time, but a 2023 Maverick would be at whatever the daily rate was at that time, based on your credit, yada yada.

 

[gte105u]

They only lock in incentives. They do not lock in an interest rate that was not part of a promotion. There were no incentivizance interest rates at the time of order for a 2023 maverick. Therefore there is nothing locked in.

USAA offered me 5.74%. Dealer was able to match that with a Local Credit Union, so I used them to reward their doing a good job for me.

 

[penacho]

Where do you see the current Ford rates for A-tier?

 

[samesk8r]

Ordered my XLT in December 2022, took delivery in December 2023. Mine was a 2022 and did not roll over into a 2023. Because of that the rate I was offered by Ford Credit was the rates from 2022. I got 1.9% for 60 months when I financed in Dec. of 2023 which is amazing.

If your order rolled over to a 2023 (even if you placed the order in 2022) then you are not eligible for the 2022 rates. If the truck you ordered is a 2022 (check the window sticker) then the rates from the date of your order should be locked in with Ford Credit, along with a price reduction that removes the prices increases. This is how the price protection has to be processed by the dealer.

I suggest you check the window sticker, get your VIN, and contact Ford directly about the interest rates. Dealers are known to steer buyers to specific lenders because the dealers get a kickback from the lenders. If someone is giving them more than Ford Credit is, the dealer has an incentive to tell you Ford Credit is high or not available so they can get you into a loan that kicks back more.

 

[skadizzle]

Ordered my XLT in December 2022, took delivery in December 2023. Mine was a 2022 and did not roll over into a 2023. Because of that the rate I was offered by Ford Credit was the rates from 2022. I got 1.9% for 60 months when I financed in Dec. of 2023 which is amazing.

If your order rolled over to a 2023 (even if you placed the order in 2022) then you are not eligible for the 2022 rates. If the truck you ordered is a 2022 (check the window sticker) then the rates from the date of your order should be locked in with Ford Credit, along with a price reduction that removes the prices increases. This is how the price protection has to be processed by the dealer.

I suggest you check the window sticker, get your VIN, and contact Ford directly about the interest rates. Dealers are known to steer buyers to specific lenders because the dealers get a kickback from the lenders. If someone is giving them more than Ford Credit is, the dealer has an incentive to tell you Ford Credit is high or not available so they can get you into a loan that kicks back more.

Mine will be a 2023. I know I lost the rates from the 22 ones. I asked Tim on the livestream though and he said it will most likely be the standard rates. He said some who had a canceled VIN were able to get the original order rates though and I am one of those. I'll just have to ask when I'm at the finance office.

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