Financing the 2021 Bronco

[EcobeastRyan]

My current fusion is financed through ford at 0%. I hope i get the same deal for the bronco

Sponsored

 

[Comadivine11]

From what I've seen, anything at or above a ~720-730 credit score will get you the top rates offered.

 

[Blitzinger]

We're expext good finance terms on a vehicle this hot. I'd be lucky with 750 score to get 1.9%

 

[LarryZiegler]

Typically 740 qualifies you for eligibility for promo rates

 

[Nickp]

Typically 740 qualifies you for eligibility for promo rates

This. 740-750 is usually considered “super prime”.

 

[NayNay]

So I am wondering, how hard is it to get financed through Ford? Would they even be the best option to finance with? Any suggestions to either or these questions would be greatly appreciated. Thanks
Berg

That really will depend on what Ford decides to offer. It is not hard to get a loan with them as they are not a true bank. You will need to weigh your options. At times Ford will offer rebates with a catch. Example.... get an extra 1000 but you have to finance using their standard rate which is usually around 5% and up. In those situations it's best to take the money and flip to a credit union shortly after. Other times they will give you extra rebates and have a low apr and that might be a best option. I guess my point is that any half decent finance person should show you what is available for you and you decide what's best for your own budget and goals. Sadly many are not like that, so it will be up to you to figure it out. I would recommend before you get final pricing to ask them what rebates and options are available thru Ford.

 

[NayNay]

Typically 740 qualifies you for eligibility for promo rates

Ok, here is a problem. There's no need to go over credit scores. I have personally had Ford give top tier rates to customers who had scores in the 500s. It is more to do with structure being in line. Now, an 800 score helps to bend things to a better curve, but I've also had Ford turn down 800 scores due to debt to income not being in line.

 

[NayNay]

Depends on the bank that is offering the credit. Does Ford offer their own credit like GM?

Ford does have their own credit line.

 

[LarryZiegler]

So I am wondering, how hard is it to get financed through Ford? Would they even be the best option to finance with? Any suggestions to either or these questions would be greatly appreciated. Thanks
Berg

I happened to see finance rates for the Bronco Sport thru Ford Motor Credit. 0% for 36 mo, 0.9% for 48 mo, 1.9% for 60mo, 3.9% for 72 mo, and 5.9% for 84 mo. Assuming the cost of money doesn’t change, I won’t be surprised to see these rates for the regular Bronco. After all it is a high volume seller

 

[NayNay]

I prefer to have financing in place beforehand, but the last car I financed (in 2014), I got 0% through the dealer so ¯\_(ツ)_/¯

The 0 is not always the best option. Always find out what rebates you'll be giving up to get the 0. If it's several grand it may not be worth it.

 

[Bronco4lyfe85]

I’ve calculated all my theoretical payments at 5% so anything under that would be a win for me. I’m working on making sure everything is in line before I buy this car and making no large purchases or opening new credit prior to. With that said I’ll see what the rates are and if I can get lower through a bank, I will.

 

[NayNay]

You can get around 3% through PNC Bank right now. I'm pretty ignorant when it comes to credit unions. I'm not sure if just anybody can call a credit union and join?

Check around where you live locally. There should be some that are open to all. It's smart to have 1 in your pocket.

 

[Straight 6]

I happened to see finance rates for the Bronco Sport thru Ford Motor Credit. 0% for 36 mo, 0.9% for 48 mo, 1.9% for 60mo, 3.9% for 72 mo, and 5.9% for 84 mo. Assuming the cost of money doesn’t change, I won’t be surprised to see these rates for the regular Bronco. After all it is a high volume seller

Sport is a totally different vehicle

I wouldn't expect anything from the sport to carry over to the real bronco
Not saying it's be impossible, but I wouldn't count on it to be the same

 

[NayNay]

When it comes to these Broncos I would have a financing option set up outside of the dealer

I would be worried about the dealer trying to offer bad financing terms in hopes that you would walk away from the deal and give them the option to sell your Bronco to someone else at a marked up price

You can always give them the option to beat the outside financing that you have set up

This is EXACTLY what you want to do. Know what your bank or credit union is offering and tell the dealer in order to finance they need to beat it. This will remove all the fluff from them right out the gate. The last thing we want is a cash buyer (meaning an outside check).

 

[Bronco4lyfe85]

The 0 is not always the best option. Always find out what rebates you'll be giving up to get the 0. If it's several grand it may not be worth it.

I don’t think I’ve ever seen a dealer offer 0% or thousands in rebates. With that said a 42K loan is $655 a month a 3.9% for 72 months, at 0% its $583, that’s $72 a month in interest. $5,184 in interest, that would have to be a hell of a rebate.

Sponsored