Hello everyone.

I am in the process of this week trading my Ranger in for an 05 F-150 FX4. But i have a few questions for you guys.

Im looking to purchase it, because i put to many miles on for a lease. Im looking at a super cab F/S bed, with some other options that im sure you guys dont care about! lol, but anyways with "family discounts" i get it down to like $27,000 or so. Now my question is, what do you guys pay per month for your truck, im looking at a 60 month term for between $400-450. They price they keep quoteing me is $490, i know that is high, because i havent even talked them down. Is it possible to get this payment?

Also how does the Audiophile 6-disc cd changer with mp3 sound?

Thanks!

 

Do yourself a favor and don't get into a monthly payment negotiation with the salesperson. That's just what they want you to do. Know the dollar amount you should pay and use one of the many online loan calculators to get an idea on payments. They can get you so wrapped up in payment amounts that you end up overpaying.

 

Hi, welcome a board. . .

One thing I never do is talk payments with a dealer. If you do, they may be padding/inflating something (buyer beware). Rather, I worry about the price of the truck. Based on the payments you can afford per month, you should already know what price truck you can get before ever setting foot in the dealer based on the interest rates out there. Payment calculators will help you do this. Here is one at my credit union:

http://http://members.cunamutual.com...&SITE=03203503

But if you are putting nothing down, and say you can get a rate of 4.9%, your payments are going to be around $500/month for a $27,000 truck

 

I've had my new F-150 for a little more than a month now -- but I kept my '97 Ranger to use as my daily driver once my wife's old Pontiac Sunfire finally gives up the ghost! (Gotta' keep the miles, wear, and tear off my baby!) I can't help you out on the payment issue, since I purchased mine outright.

However, I can tell you that I got a much better deal negotiating my own price than what is being advertised now with the Ford Family Plan. My truck MSRP'd at $27,840 and I paid $19,500 (after discount and rebates) plus TT&L. The dealer I worked with didn't even bicker about my offer -- he took it right over the phone!

Trucks that I have seen on the Ford website with a similar MSRP as mine have come in at about $1500 higher with their Family Plan program. I'd take the discount percentage that I got off MSRP (about 30%) and see if you couldn't get a similar deal on a truck that is on a dealer lot!

 

Its all in the interest rate.
btw ddellwo, be careful "not putting miles on your baby", i have a brother in law that did that on a brand new '99 F-150, he was so proud that he only had like 10,000 miles on it after 3 years, then he sold his motorcycle he was riding and started using the truck, the first thing that happened was his airconditioning compressor went out (1500.00) warranty had expired, also he had other related problems that would have been covered under warranty had he drivin it more.

 

msrp on mine was 36500.00 got it for 28000.00

 

it is all driven by your beacon score (credit rating)
720 and above gets you cheapest rates.
Call around for rates, maybe your bank is better than Ford?

 

i have been looking at several places, and ford offers 2.9% for 60 months, but the dealship wants me to go with another bank that is 4.9%, i keep asking htem why, and they keep saying is a "better" rate. Im confused. But anyways i have a credit rating of 727, so i should be in the clear, it has gone up since last time i checked.

 

4.9% is better than 2.9%...as long as your the dealership, bank or credit union.

 

I always go and change out the stereo first thing in all my other trucks. Well I just picked up my 2005 Lariat and it has the Audiophile with the box under the rear seat and it sounds awesome. I have not had the volume up past half and even when you push it there is no distortion. Very clear and great bass. I won’t be changing the sound system out of this truck.

By the way, that payment on $27,000 actually sounds low.

 

I agree with the others. Don't get hung up on payments. Focus on the price of the vehicle and the interest rate, the payment will take care of itself. BTW, my sticker was $33,480.00, I paid $24k and change with the D plan and rebates. Put zero down, and pay $504/month with 5.9% interest. I usually put money down when I can, but we paid off my wife's vehicle with the money from my old truck, so only one payment now.

Best of luck with your deal.

 

Never talk payments. The salesman will get you into one of those "What can you afford?" conversations. Personally, I can afford a lot more than I'm willing to pay. To make things easy on everyone, just talk "Out the Door" price.

If you take Ford's 2.9% financing, you don't get the $2500 cash rebate. It's better to owe less on the vehicle than get the 2.9%. Take the rebates and the 4.9%. You'll save about $20 a month on the payment and end up paying about $1300 less for the truck at the end of 5 years.

$27K at 4.9% interest for 60 months is $508 a month (Pay $30,497 total)

$29.5K (minus the $2.5K cash rebate) at 2.9% for 60 months is $529 a month (Pay $31,725 total)

It's always better to owe less on a vehicle. You have more equity if you trade it in or wreck it (i.e. more money in your pocket).

 

HEY to let you know what I did I went through Ford which with great credit was still like 8% but I did that just to get the rebates then I waited a month and went through my local credit union for a lot lower rate msrp was 36700 I paid 28500 that was before all this family plan was going on ...so I think they play with the prices to make it look like a good deal...good luck on the purchase I love my 2005 F-150 FX4.....

 

List price on my Lariat was $44,000. A plan pricing for that was $38,000. Not taking Ford’s financing got me the rebate and it was $3000.

Also Ford wanted to give me $10,500 for my trade in and I sold it the next day for $15,000.

There is always a way to get the payment down.

 

Methinks 5150steves likes Medium Wedgewood Blue!

(Me too!)