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For those who have utilized Ford's 0% for 36 months, was a downpayment required?
If a downpayment is not required, are you able to borrow more than the vehicle's MSRP? Essentially, I'd like to borrow ~$32,500 for my Maverick to cover out the door cost with taxes/registration/etc and no money down, but my Maverick only has an MSRP of ~$30,000.
Normally I'd never even consider this, but I'd really prefer not to touch any savings or investments as a "just-in-case." I'm fine paying a small amount for GAP as required, since I'd venture to guess after just a few months I'd no longer be upside down on loan to value in the event of an emergency. I asked my dealer about this, but they didn't seem to be that helpful and said they wouldn't know for sure until they run the numbers when I take delivery. They didn't make it sound like it was unheard of by any means, but just didn't want to confirm either. My credit score seems to vary from 750-765 if that matters.
Thanks for the insight!
If a downpayment is not required, are you able to borrow more than the vehicle's MSRP? Essentially, I'd like to borrow ~$32,500 for my Maverick to cover out the door cost with taxes/registration/etc and no money down, but my Maverick only has an MSRP of ~$30,000.
Normally I'd never even consider this, but I'd really prefer not to touch any savings or investments as a "just-in-case." I'm fine paying a small amount for GAP as required, since I'd venture to guess after just a few months I'd no longer be upside down on loan to value in the event of an emergency. I asked my dealer about this, but they didn't seem to be that helpful and said they wouldn't know for sure until they run the numbers when I take delivery. They didn't make it sound like it was unheard of by any means, but just didn't want to confirm either. My credit score seems to vary from 750-765 if that matters.
Thanks for the insight!
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