Is there a financing minimum for Ford credit?

[Ferroplasm]

Is there a financing minimum for Ford credit? Salesman is telling me $10,000 minimum finance amount. Is this true? Need quick answers on my way to pick up the car

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[Markii56]

Is there a financing minimum for Ford credit? Salesman is telling me $10,000 minimum finance amount. Is this true? Need quick answers on my way to pick up the car

Most banks have a minimum of $5,000, Ford Credit may be in that ballpark. I doubt you'll get a straight answer directly from them, they would only talk to the dealers on matters like this (I was a Ford salesperson from 1995-2016).

 

[WesM]

Go ahead and finance for whatever their minimum is (number does not matter), then make a lump sum payment to get the principle to whatever you want it to be. Just make sure to chose terms (36/48/60 months) to get the payment you want.

 

[A Dodge that drives Fords]

Yes. $10,000 is the lowest. I did $10,000 0% for 36 the rest was Cash thanks mom & dad

 

[KevCuRaoi]

Is there a financing minimum for Ford credit? Salesman is telling me $10,000 minimum finance amount. Is this true? Need quick answers on my way to pick up the car

Yes, that is true.
They may finance less, but will increase the rate.
Our dealership had someone wanting to finance only 8K @ 0%. He kept resisting the 10K min. We called Ford Credit and they said the interest rate would be bumped up if he insisted on financing under the min amount (so I guess it is possible??). He ended up financing the 10K.

 

[Ferroplasm]

I’m just going to pay cash. They won’t honor my farm bureau $500 and still offer the good rates. Thanks everyone.

 

[Gullzway]

I’m just going to pay cash. They won’t honor my farm bureau $500 and still offer the good rates. Thanks everyone.

Just an FYI. My dealer gave me the 0% for 36 months from last year and submitted the $500 Farm Bureau rebate(I joined this year,) when I purchased my truck March 30th.

Ford later denied the Farm Bureau rebate saying I had to be a member last year when the financing was available.

My dealer then submitted a rebate exception(I think that's what they called it) to Ford, and I ended up getting the $500 Farm Bureau Rebate check this week.

YMMV

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