how to finance?

[chartzilla]

You should be able to get under 3% right now, though rates could obviously change between now and next summer. Best strategy is to get pre-approved at a credit union before you go and tell the dealer to beat it or you'll use your own financing.

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[Dlerojo]

There will be no chance of 0% APR on the bronco. They use zero interest rates to get people in the door and sell vehicles. There’s too much demand. In future years if sales slow they will offer it.

 

[jdub.csu]

Ford won’t offer less than 3.9 unless the world goes to shit again. Not with the demand for the vehicle the 0% is used to entice people.

look at the financing for the GT500 and GT350

 

[Gman90]

You should be able to get under 3% right now, though rates could obviously change between now and next summer. Best strategy is to get pre-approved at a credit union before you go and tell the dealer to beat it or you'll use your own financing.

This is the winner, competition between ford credit and your banks. Or put down enough until you can reach your payment goal if possible. If you need 10k down to achieve a lower interest and $500 payment then go for it. As long as it’s comfortable.

 

[GaryB2220]

You're buying a Bronco in December? Who's your dealer? I want in!

I have a credit union. I got my mortgage rate (3% even) months before I bought my house. You don't have to wait until you're sitting across the desk from the car salesman to find out what your loan is going to look like.

 

[kodiakisland]

I have a credit union. I got my mortgage rate (3% even) months before I bought my house. You don't have to wait until you're sitting across the desk from the car salesman to find out what your loan is going to look like.

Wile you may be able to lock in a mortgage rate beyond 30 days, no one is going to give you a rate today on a car loan for next summer. You can ask your bank what their current rates are and what you qualify for, but that doesn't mean anything for rates almost a year from now.

Would be a good idea though to find out now what your credit situation is so you have time to do something about it if it's not great.

 

[JonD]

Ford is running 1.9 apr for 60 monthes right now....hoping same when I close

 

[jdogi]

I have a credit union. I got my mortgage rate (3% even) months before I bought my house. You don't have to wait until you're sitting across the desk from the car salesman to find out what your loan is going to look like.

We are all at least 8 months + a major election and inevitable chaos + more pandemic out from buying. So yea, I'm not wasting my time rate shopping right now, but to each their own. I know essentially where I'll end up relative to prevailing rates at the time. I'm not the type to criticize how someone decides to battle their boredom, so I wish you the best.

 

[GaryB2220]

We are all at least 8 months + a major election and inevitable chaos + more pandemic out from buying. So yea, I'm not wasting my time rate shopping right now, but to each their own. I know essentially where I'll end up relative to prevailing rates at the time. I'm not the type to criticize how someone decides to battle their boredom, so I wish you the best.

Jeep lowered their prices by thousands now I'm seeing ads for 72 months 0% interest. I'm hoping we

Wile you may be able to lock in a mortgage rate beyond 30 days, no one is going to give you a rate today on a car loan for next summer. You can ask your bank what their current rates are and what you qualify for, but that doesn't mean anything for rates almost a year from now.

Would be a good idea though to find out now what your credit situation is so you have time to do something about it if it's not great.

Yeah true. I just wanted to know what my monthly payments would look like with the options selected

 

[BroncoJay]

Go to a local bank or a credit union get your best rate and then have your dealership finance dept try to beat it..
I got 0% on 48 loan for my 17 taco...

There are plenty of previous threads on financing- leasing- interest rates...
Search feature is our friend on the forum

 

[LalasBronco]

Yeah true. I just wanted to know what my monthly payments would look like with the options selected

You should be able to find the current rates on your financial institution's website. If you are not a member of a credit union, see if you can find one where you qualify. They seem to have the best rates. When I checked the Navy Federal rate last week it was 2.19% for a new vehicle for 60 months. As others have said, I'm sure it will change by next summer but at least it will give you an idea of current rates to play around with.

 

[da_jokker]

If you play with those calculators you'll find that the rate makes a difference but not all that much. What really makes the difference is the amount financed.

So toss in a 3.75 rate (assuming you have an appropriate credit score) and then foxus on the loan amount to see where you are.

It has been a long time since Ive had any car payment to note and was blown away at the monthly $800 per month...wtf... are there people that actually have car payments that High?

I've always had a payment under $300 at most because you still have to cover insurance. If you are paying that much monthly...I'm thinking you can't afford the car

 

[BroncoJay]

If you play with those calculators you'll find that the rate makes a difference but not all that much. What really makes the difference is the amount financed.

So toss in a 3.75 rate (assuming you have an appropriate credit score) and then foxus on the loan amount to see where you are.

It has been a long time since Ive had any car payment to note and was blown away at the monthly $800 per month...wtf... are there people that actually have car payments that High?

I've always had a payment under $300 at most because you still have to cover insurance. If you are paying that much monthly...I'm thinking you can't afford the car

The average U.S. car payment is $530, $430 for a lease.
I always try to stay around the 48 month note, to each their own

But with vehicle prices especially for the bronco somewhere around the 45k-50k, most of us won’t be seeing $300 car payments...
I’m putting down $10k and still won’t sniff $300

But you know what I can afford it... I’ve worked a lot of years, many of those years I’ve worked two jobs..I always find it comical when someone says if you do this or that u can’t afford it...

Each person will need to make their best financial decision for themselves.

 

[Bronco4lyfe85]

You ask a bank for money and if you pay your bills they usually give it to you.

 

[Bronco4lyfe85]

If you play with those calculators you'll find that the rate makes a difference but not all that much. What really makes the difference is the amount financed.

So toss in a 3.75 rate (assuming you have an appropriate credit score) and then foxus on the loan amount to see where you are.

It has been a long time since Ive had any car payment to note and was blown away at the monthly $800 per month...wtf... are there people that actually have car payments that High?

I've always had a payment under $300 at most because you still have to cover insurance. If you are paying that much monthly...I'm thinking you can't afford the car

Sounds like you haven’t bought a car in 15 years because that’s what it costs to finance an average car nowadays. My Challenger was a 48K car and it’s not even the top model, it’s 2 models down and doesn’t even have the wide body or 1320 drag pack. I haggled and put 5K down and I’m still a bit over $600 a month but I pay $700 every month.

I do like the retort about not being able to afford it. There’s two ways to do everything and it’s really not your business to worry about other people’s finances. If people can make the car payment it sounds like to me they can afford it. If you want to spend your entire life saving for a vehicle purchase to save 2K in interest, good for you. I think that’s boring and I’d never sacrifice living my best life by driving a beater for 10+ years, who knows if you’ll even make it that 10 years. Besides you have to save a $450+ a month just to buy a 54K car in 10 years time. No thanks, I’ll just take the 2K hit on interest and own the car 4 years before you can buy it.

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