Anyone else considering not buying?!

[gstockton]

Only if it’s never scheduled for production.

No intention of ordering a MY 2024 when the order bank opens in July 2023. Not interested in another year of disappointment.

I feel the same way I will not be ordering MY 2024

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[Skyline]

'We serve employees of the Stamford Health System and members of their immediate family'

Stupid question, but, I'm assuming this means you have to be a part of the Stamford Health System or a relative of one? I'm from the SE part of CT and this is super intriguing to keep an eye on

There's no stupid question and you are correct. While I am not a member at this CU, one of my family member is. I should had added that in my earlier post...

 

[MikeyDog]

Buy the truck now with the lowest current rate and refinance when rates start to drop, which will probably start very early next year.

 

[gomakyle7]

There's no stupid question and you are correct. While I am not a member at this CU, one of my family member is. I should had added that in my earlier post...

I figured as much, but, I was *hoping* there was a slight chance. But, that's awesome you got that up your sleeve!

I have a build date for 6/19. I have until most likely July to keep researching.

Did you test drive before getting your Mav?

 

[sanpablo]

10/13/21 XLT hybrid, rolled over to a 23. When my Mav was finally built in Feb this year I looked at the numbers and decided to complete the purchase. Here is how the numbers stacked up:

22 MSRP $22280, $2215 added options
23 MSRP $24455 (now $24855)

22 interest rate would have been 1.9/5 years
23 interest rate 5.6/5years

Did receive the $2750 private transition so I feel lucky to have gotten my Mav when I did. No problems so far. No grabby brakes, deep sleep, air bag recall. Keeping my fingers crossed

I feel the 24 MSRP will probably go up at least $2000 or more?
Good luck to all and as it has been said before it is worth the wait.

 

[Chicolini]

Ford is screwing Maverick buyers. They can't deliver and they don't wish to give us any incentives at all! Not too mention price hikes! 5% ain't bad but it ain't good either, considering prior years rates. I got 2.99% for 7 years awhile back on a 2022 Honda Civic. Ford could really car less about us! I just received another 'dear' Maverick owner letter regarding supply issues!. Baloney! When I call Ford Marketing I am told I am good too go? No Schedule date? Absolutely the worst in customer service. I forgot too mention, my dealer is clueless and useless!

And you still have a positive attitude! Outstanding!

 

[Chicolini]

I bought my Maverick in December 2021, before the initial 2022 price increases and before the massive interest rate increase.

I financed 29k over 3 years for 0%. At 6% interest today, I'd be out something like $2700 in interest over the course of the loan. That's rough.

Stack the 2023 price increases on top of the interest rates and I'm not sure if I'd have bought one.

Just wait until you see the MY2024 price increases!! Ford has to fund those EV losses somehow.

 

[Chicolini]

Quit Whining. I paid 12% on a home loan in 1985. That was with 50% down. 5% is chicken
scratch.

Bummer, Boomer!

My first home (condo) loan in 1983 was at 18%. I put zero $ down. It was an ARM loan and went down every year. I converted the condo to a rental property, it paid itself off and then I cleared ~$10K a year for the next 30 years. Sold it last year at 400% of the original purchase price. Don't let rates control you.

The price of chicken scratch has more than doubled over the past 3 years, just so you know.

 

[Andrew1966]

Anyone else looking at interest rates and considering not purchasing their Maverick? I have a June 12 build date and at this point the lowest interest rates I've seen are 5.5% which is crazy! I have two different trade in scenarios 2020 Soul ($5000 profit) OR 2017 Jetta (KBB $13k - all profit). Either way I'm sitting at a $430-$580 a month payment on a $30k truck. Maybe it's because I've never had a truck payment but that just seems very high to me.

Truck build, nothing special. Inlaws have property/cattle we're starting to get involved with so needed a few extras.

HPR - Ecoboost - Fx4 - 4k tow - SIBL/Rail

My advice is no personal debt ever throughout life. If you can’t pay cash you can’t afford it. My 2 cents.

 

[Oscarcat]

Anyone else looking at interest rates and considering not purchasing their Maverick? I have a June 12 build date and at this point the lowest interest rates I've seen are 5.5% which is crazy! I have two different trade in scenarios 2020 Soul ($5000 profit) OR 2017 Jetta (KBB $13k - all profit). Either way I'm sitting at a $430-$580 a month payment on a $30k truck. Maybe it's because I've never had a truck payment but that just seems very high to me.

Truck build, nothing special. Inlaws have property/cattle we're starting to get involved with so needed a few extras.

HPR - Ecoboost - Fx4 - 4k tow - SIBL/Rail

Yep - that is what raising the federal funds rate does. It is intended to slow the economy by making things like your truck payment higher which rightly makes you think twice before buying a new truck. That ultimately reduces inflation which is the purpose. If you need a truck to earn a living which in turn generates income to make the payments, that is not bad. If you want a truck just because.... that may not be a smart move. Boils down to "wants" and "needs".

 

[TomD]

Anyone else looking at interest rates and considering not purchasing their Maverick? I have a June 12 build date and at this point the lowest interest rates I've seen are 5.5% which is crazy! I have two different trade in scenarios 2020 Soul ($5000 profit) OR 2017 Jetta (KBB $13k - all profit). Either way I'm sitting at a $430-$580 a month payment on a $30k truck. Maybe it's because I've never had a truck payment but that just seems very high to me.

Truck build, nothing special. Inlaws have property/cattle we're starting to get involved with so needed a few extras.

HPR - Ecoboost - Fx4 - 4k tow - SIBL/Rail

That’s why I bought mine off of the lot instead of waiting for my order. If interest rates come down I will refinance the truck.
One thing that isn’t mentioned is that Ford might raise prices again. Many of us that ordered 2023’s don’t have any sort of purchase agreement locking in a price. If Ford raises prices we will need to pay the price increase.
One more issue. I thought I read that Ford has no intention of rolling over the incomplete 2023 orders. If you are waiting on a 2023 and don’t have a build date by July when the books open it sounds like it would be a good idea to reorder.

 

[Tim d]

Anyone else looking at interest rates and considering not purchasing their Maverick? I have a June 12 build date and at this point the lowest interest rates I've seen are 5.5% which is crazy! I have two different trade in scenarios 2020 Soul ($5000 profit) OR 2017 Jetta (KBB $13k - all profit). Either way I'm sitting at a $430-$580 a month payment on a $30k truck. Maybe it's because I've never had a truck payment but that just seems very high to me.

Truck build, nothing special. Inlaws have property/cattle we're starting to get involved with so needed a few extras.

HPR - Ecoboost - Fx4 - 4k tow - SIBL/Rail

Better scenario,pay cash.

 

[bobbill]

My want is much greater than my need for the Maverick. I have a 2013 Ram 1500 bought new with only approximately 62,000 miles which I have kept in excellent condition so not sure I will get the Maverick or at this point may not even be built. Ordered hybrid XLT with the hitch on 9-16-22.

 

[TKranbuhl]

Being debt free will change your life, not only in the physical sense but mentally as well. Paying off your house is a big step. I use credit cards only to my advantage, Amex Blue Card 6% back on groceries and Ford Credit for the service work. Planning to order a new '24 when the time comes and paying for it by selling my '22, plus maybe a little boot money, but that's OK, new tires brakes, etc.

 

[MakinDoForNow]

Likely to be a long time before you pay less. Historically 5% is not bad.

Bottom line low interest rate even 0% is subsidized by the selling price being higher than it would otherwise need to be. It takes the mind of the average purchaser off the price he is paying and gets him to hurry up before it goes away. Part of the "I don't care what the total is I just care about the monthly hit" mentality.

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