- Thread starter
- #1
So, it is now obvious many of us who are not yet scheduled will be pushed to MY23. With that said, I'd like to start a discussion on the various downsides associated with further delay. Here is my list, in order:
1. FINANCING COST: While many seem worried about price protection in the truck I'm more concerned about losing the protected financing rates from Ford Credit. I was planning to use the 1.9% for 60 months to finance a significant portion of my purchase. If that goes away and current loan rates are 4% or 5% at the time the truck shows up that could represent a significant price increase over the life of the life of the loan.
2. TRUCK COST: Obviously MY23 prices for trucks and options will be higher. The question is how much? And will Ford fully protect existing order holders on the truck AND all options? If not expect a 5-10% increase in your MSRP.
3. COST OF WAITING: I know we all love waiting for our Mavericks. Let's face it; misery loves company and we are in great company here! But aside from the mental and emotional toll of riding out an additional 6-18 months for your truck, there are real financial considerations here. How much trade value will you lose on your current ride? How much is it going to cost you in repairs to keep it on the road?
I realize there are some potential benefits of getting a MY23, such as possible new colors/options being available and technical glitches being resolved. But on balance I'd much rather just get my truck sooner than later, at the price and interest rate I planned.
What say you?
1. FINANCING COST: While many seem worried about price protection in the truck I'm more concerned about losing the protected financing rates from Ford Credit. I was planning to use the 1.9% for 60 months to finance a significant portion of my purchase. If that goes away and current loan rates are 4% or 5% at the time the truck shows up that could represent a significant price increase over the life of the life of the loan.
2. TRUCK COST: Obviously MY23 prices for trucks and options will be higher. The question is how much? And will Ford fully protect existing order holders on the truck AND all options? If not expect a 5-10% increase in your MSRP.
3. COST OF WAITING: I know we all love waiting for our Mavericks. Let's face it; misery loves company and we are in great company here! But aside from the mental and emotional toll of riding out an additional 6-18 months for your truck, there are real financial considerations here. How much trade value will you lose on your current ride? How much is it going to cost you in repairs to keep it on the road?
I realize there are some potential benefits of getting a MY23, such as possible new colors/options being available and technical glitches being resolved. But on balance I'd much rather just get my truck sooner than later, at the price and interest rate I planned.
What say you?
Sponsored