Special Finance APR Rates Released for Maverick

[clavicus]

Dudes I ran the numbers using my own build as an example. $34,000 out the door cost for a loaded Lariat with North Carolina taxes/fees and dealer fee. It's also just a nice even number to show as an example. There may or may not be a loan origination fee, I dunno how it works with Ford.

If you did 0% APR for 36 months, we'll use that as a baseline. In this case, you pay a total of $34,000 no matter if you put any cash down or not. For the other APR options, I'm using a comparison of your total cost using $0 down or putting $5,000 down to see how it affects the total interest you would pay and monthly payment.

I think the clear conclusion is that paying over 72 months at 3.9% is gonna cost you a big chunk of change even if you put down 5k, so beware.

TERM	$0 DOWN TOTAL COST WITH INTEREST	EFFECTIVE DIFFERENCE	MONTHLY			$5,000 DOWN TOTAL COST WITH INTEREST	EFFECTIVE DIFFERENCE	MONTHLY
36 mo 0%	$34,000		$945			$34,000		$806
48 mo 0.9%	$34,625	$625	$721			$34,533	$533	$615
60 mo 1.9%	$35,642	$1,642	$594			$35,401	$1,401	$507
72 mo 3.9%	$38,033	$4,033	$528			$37,440	$3,440	$451

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[Hot Runr Guy]

Dudes I ran the numbers using my own build as an example. $34,000 out the door cost for a loaded Lariat with North Carolina taxes/fees and dealer fee. It's also just a nice even number to show as an example. There may or may not be a loan origination fee, I dunno how it works with Ford.

If you did 0% APR for 36 months, we'll use that as a baseline. In this case, you pay a total of $34,000 no matter if you put any cash down or not. For the other APR options, I'm using a comparison of your total cost using $0 down or putting $5,000 down to see how it affects the total interest you would pay and monthly payment.

I think the clear conclusion is that paying over 72 months at 3.9% is gonna cost you a big chunk of change even if you put down 5k, so beware.

TERM	$0 DOWN TOTAL COST WITH INTEREST	EFFECTIVE DIFFERENCE	MONTHLY			$5,000 DOWN TOTAL COST WITH INTEREST	EFFECTIVE DIFFERENCE	MONTHLY
36 mo 0%	$34,000		$944			$34,000		$805
48 mo 0.9%	$34,629	$629	$722			$34,535	$535	$616
60 mo 1.9%	$35,646	$1,646	$594			$35,400	$1,400	$507
72 mo 3.9%	$37,931	$3,931	$527			$37,345	$3,345	$450

Unless F (Ford) brings back it's 6% dividend, and you take that $29K and re-invest the dividend every year. After 4 years that a $7611 gain,,,,,,

HRG

 

[NotAnonymous]

I'll say if only we could take advantage of those rates....

Since I'm not banking on Ford offering these rates come this Fall (if we get our trucks by then) I'm making sure I shop around to other lenders along the way.

 

[theek]

I got 3.49% from Ford Credit Canada and they'll respect any lower rate available at delivery. In any event I'll pay off the balance and put it in my line of credit which has a lower rate.

 

[NotAnonymous]

I got 3.49% from Ford Credit Canada and they'll respect any lower rate available at delivery. In any event I'll pay off the balance and put it in my line of credit which has a lower rate.

Hmmm...did they offer "protection" on that rate should they increase by the time you get your truck?

 

[theek]

Hmmm...did they offer "protection" on that rate should they increase by the time you get your truck?

Yup.

 

[NotAnonymous]

Yup.

Hmm...might have to reach out to Ford Motor Credit and see if I can get these current rates (and protection against increases).

 

[theek]

Hmm...might have to reach out to Ford Motor Credit and see if I can get these current rates (and protection against increases).

This is in Canada. YMMV.

 

[NotAnonymous]

True that - could be massively different in what they would be willing to do. Fortunately I have a backup financing option as needed. Appreciate that info though.

 

[douglas685]

Hard to not like 0 for 36. Free is free.

 

[martyi48]

Wait! Did I see "0"% ARP for 36 months? That is three years free money. Why would that not be the choice of all, assuming that it will be available when the truck is delivered? I would really pay no attention to any finance or lease deals now. I don't think it is wise to commit with the truck not even delivered and won't be for probably half a year or so. Too many things can and will change between now and then.

 

[jjones252]

When do Ford leasing rates typically come out? They vary my market, right?

 

[Maverick-xv]

I would gladly take advantage of free or near free financing, but cash is ready as backup plan.

 

[JohnDLG]

I'll probably go the 5 year and invest the difference. Anything under 2% is essentially free money.

 

[clavicus]

When do Ford leasing rates typically come out? They vary my market, right?

For what it's worth, my dealer told me today that leasing with Ford is rarely a financially optimal option compared to some other brands, unless they have a specific Lease deal running. He said their interest rates on leases are high, relatively.

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