Either Ford has lost its mind...

"Grindintosecond" (Grindintosecond) 05/15/2020 at 09:06 • Filed to: None

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Or, more likely, people have lost their maths-life skills. A seven-year loan sounds great! Especially when you trade-in upside down and roll what's left into your next loan. Yep that's lending a hand into your pocket.

RamblinRover Luxury-Yacht > Grindintosecond 05/15/2020 at 09:14

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It’s unsettling how much this looks like a Harbor Freight flyer.

pip bip - choose Corrour > Grindintosecond 05/15/2020 at 09:17

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17K off, just shows how over priced they are.

jimz > Grindintosecond 05/15/2020 at 09:18

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up until the early ‘90s, interest rates on car loans were 11-12% and average term of 4-4.5 years.

this isn’t the catastrophe people seem to think it is. 

i86hotdogs > Grindintosecond 05/15/2020 at 09:19

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Waiting on the “Blowing out Ecoboost Ford Flexes (Flexii?) for $10,000 off MSRP!”

CarsofFortLangley - Oppo Forever > jimz 05/15/2020 at 09:19

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This. It's just an loan term, it isn't a big deal.  

HoustonRunner > Grindintosecond 05/15/2020 at 09:21

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Agree that some people will make bad decisions, but I’ve taken advantage of 0% for 60 months a couple of times.

Thisismydisplayname > pip bip - choose Corrour 05/15/2020 at 09:25

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I was thinking the exact same thing.  Actually it was more along the lines of, people pay more than 17k for a F-150?  

Discerning > Grindintosecond 05/15/2020 at 09:26

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I mean, if you can get one for the best possible price (so loan term doesn’t impact price out the door), then you might as well get the longest possible term if the interest rate is zero.

That said, you should NOT buy a truck with a long term if you can’t afford to pay the negative equity at any given time during the course of the loan.

But if you could pay for the truck in cash, you should definitely take the zero interest long term loan.

That’s what we did years ago . We received a huge chunk off of MSRP and got 0% for 6 years. The price of the truck was the lowest we found for the trim and options we wanted and Ford covered the financing so the dealer didn’t lose anything. We could have bought it with cash, but instead that money has been invested.

SilentButNotReallyDeadly...killed by G/O Media > Grindintosecond 05/15/2020 at 09:27

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So...how far into the toilet are the values of used F-Serie s trucks back to 2012? And if they aren't...why not?

Thisismydisplayname > Grindintosecond 05/15/2020 at 09:28

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But really, if you can get a decent price on one, then the 84 months at 0% is free money. Assuming you do take it in the ass on the sale price that is.  Then it’s free money.  But if they just mark up the sale price by the amount you’d pay in interest, well then you’re not in a good spot.  

pip bip - choose Corrour > Thisismydisplayname 05/15/2020 at 09:28

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by the time they land in here in Australia and factor in conversion to right hand drive, they sell for around AUD $150k for the F250

Discerning > HoustonRunner 05/15/2020 at 09:29

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A s l ong as it doesn’t impact other discounts or your price out the door, the 0% route is always the most sensible financing option.

Discerning > SilentButNotReallyDeadly...killed by G/O Media 05/15/2020 at 09:30

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We have a 2018. I haven't checked lately with any dealers, but I'm indefinitely postponing trading it in until this blows over. The prices eb and flow a little, but the depreciation is actually pretty stable and relatively slow. People like these trucks a lot thankfully.

Gone > Grindintosecond 05/15/2020 at 09:31

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0% @ 84mon isn’t bad if you put a bunch down or pay it off earlier. Other you’ll be upside down for a loooong time. Big money on the hood helps with that though. But since these are 2019s, it doesn’t come across as an outstanding deal.

MasterMario - Keeper of the V8s > Grindintosecond 05/15/2020 at 09:32

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Let’s do some maths:

MSRP of $56,470 for this truck

$17,000 off gives a price of $ 39,470

84 month loan at 0% means a $469.88 a month payment

The 6 month deferral seems to include 3 payments by Ford

* Final price: $38,060

*Disclaimer: IF you can even qualify for all three offers

Arch Duke Maxyenko, Shit Talk Extraordinaire > RamblinRover Luxury-Yacht 05/15/2020 at 09:35

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WHERE’S MY FREE FLASHLIGHT, FORD?

CobraJoe > pip bip - choose Corrour 05/15/2020 at 09:35

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Last year in November, I was looking up local F150 prices. Several were marked down $18k, and that was before the market dropped out.

gmporschenut also a fan of hondas > Thisismydisplayname 05/15/2020 at 09:39

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2019. At which point they stopped making them @june. My dad tried to go for a similar deal, by this time the selection can be  a bit odd

functionoverfashion > Grindintosecond 05/15/2020 at 09:45

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It’s that “up to” in the fine print that always means, “if you’re a minority LGBT Veteran recent college grad disabled military family employee last name Ford business owner dog walker sous chef”

Then you get the full amount of whatever they’re offering. 

facw > MasterMario - Keeper of the V8s 05/15/2020 at 09:46

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Yeah, I think you probably can’t get $17k back and the financing. I have my doubts you can even get the $17k back unless you are active military, a recent college graduate, and trading in a Ford or something.

gin-san - shitpost specialist > facw 05/15/2020 at 10:33

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I’d imagine that it’s also contingent on a cash purchase rather than financing.

Sampsonite24-Earth's Least Likeliest Hero > Grindintosecond 05/15/2020 at 10:47

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its 0 percent financing, if you qualify youd be stupid not to take that deal

Sampsonite24-Earth's Least Likeliest Hero > Thisismydisplayname 05/15/2020 at 10:48

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all the time, the average selling price of an F150 is like 44k

jimz > functionoverfashion 05/15/2020 at 10:55

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and the “delivery from dealer inventory.”  They’re blowing out unsold 2019s.  happens, oh, pretty much every year.

jimz > Gone 05/15/2020 at 10:55

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and no one is forcing you to take the whole 84 months to pay it off. 

Thisismydisplayname > Sampsonite24-Earth's Least Likeliest Hero 05/15/2020 at 12:43

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Wow that’s a bit of coin for a pickup. Our company fleet style pickups come in at right around the $17k price for purchase. But we have a lot of volume too, and they are bare bones.  

BahamaTodd > Grindintosecond 05/15/2020 at 18:15

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Is that a dealer ad?