Do you need financing in place when you order a 2023?

[Penguinboy]

Hi- been a member for a few weeks and been reading a ton. Thanks to all for posting great info! We’re heading to our local dealer, Rodman Ford in Foxboro MA, to order and put down a deposit and get in line. We have a lease car that’s up in June next year so we have time to wait. My question- do I need to have financing in place when I order and put down a deposit? What if the rates change, or Ford is having a financing deal between now and when I take delivery, or my local credit union has a great car loan rate next year? I looked and didn’t see many posts related to this so I hope I’m not being redundant. Just doing my homework before I enter the dealers lair. . Cheers.
-Danny

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[jsus]

No. Auto loan pre-approvals generally don't last more than 30 days anyway.

Any Ford Credit promo rates in place on the date of the order or the date of delivery are locked in, pending credit approval at time of delivery.

 

[Landric]

No, you don't. In fact, most loan approvals are only good for 30 days or so, so even if you were approved today you would have to re-apply anyway when the vehicle arrives.

 

[AutobahnSHO]

No loan necessary- we put a REFUNDABLE deposit down, later cancelled order and got it back, later we learned they didn't cancel the truck build so we put the deposit back on LOL.

Still waiting for build, financing of the purchase will be discussed at purchase time. Our dealer doesn't even want to discuss tradein until purchase time.

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