Hehehehe...well, I have awesome credit, and an even better trade-in, a 99' F-150 4X4. I was considering ordering a 2001 F-150, but the finance rate through Ford Motor Credit is 9.75%!!! When I had my 98 Ranger 4X4, it was 0.9%, and my F-150 is 6.9%. Right now the special financing on a 2000 us 6.9%, so I decided to get a 2000 F-150, but after 2 days of the dealer searching, theirs not 1 single truck that meets my match. They looked for a 2000 F-150 XLT 4X4 Reg. cab, black or white, Sport or Off-Road, 4.6L, or 5.4L, 5-speed or auto. with keyless entry, and premium CD, and theirs not a single one!!! So, now I'm stuck having to order a 2001, but the 9.75% will kill me. Is their any way possible to get 6.9% or better? They said they'd "shop" my credit for a better rate, but if they don't succede, I'm stuck with 9.75%. Any advice? TIA

-AR

 

Pay cash! Then you don't have to pay any percent int.

Mike

 

:P

-AR

 

I paid cash too...but here are some tips: check rates at your bank, and online, etc. to make sure Ford is inline. Ford will push a product associated with them usually. This is the three tiered rip off scam: Trade in, truck price, financing. That is why I sell myself, negotiate hard/research, pay cash. Dealers usually make one of these areas look good to you to interest you, and get you in any or all 3 if they can. My opinion only.

------------------
2000 F-150 XL,RC,LB,5.4,4R70W,3.55LS,
Class III tow/Payload #3/Convenience pkgs.,
4-wheel disc/ABS,Chestnut/Parchment 40/60,
Ford bedliner & gas/wheel/spare locks,
3" cold air box modification, Superchip,
Dynomax ultra-flow welded 3" cat-back,
3" exit Y-pipe, Hellwig rear anti-sway bar.

 

Thanks for the advice man...wish I had $30,000 yo pull outta my a$$. Hehehe...

-AR

 

put it on a home equity loan you should be able to get the payments down that way.A lot of people are doing that nowadays> It gives you the cash for the truck so you can get a cut rate for paying cash.

------------------
pioneer cd,cadence ultradrive amps,eclipse mids,tweets&subs,rest is stock for now 2000 black F150 4x4 sport v-6

 

Yep...9.75% For me, that meant almost $35 a month higher payments.

-AR

 

Just spoke to my sales lady and she stated that as of today, the 4 or 5 year rate is 7.9% but of course the truck is a good six weeks away and she could change her tune.

 

Great news man...I'll call my dealer and see what she says.

-AR

[This message has been edited by Jackal (edited 08-22-2000).]

 

I would check with your local bank first, home equity loans are good, also seen my mom borrow against her retirement and pay the interest back to herself a few years ago

------------------
97F150 XLT SC 4x4 Flairside 4.6 V8 5sp Dk Toreador Red, 3.55LS
ARE tonneau cover, p255/70rx16 tires (came w/235), Superchip
Pioneer CD w/4 Polk Speakers, skid plates
bed liner, side window deflectors, reese hitch, K&N air filter
40s-2chamber Flowmaster, Bosch +4 spark plugs, rustproofing
Better Built Stainless nerf bars
heavy duty shocks

 

JDF- my financial savvy is ok...I have an MBA, and can spell savvy. With interest you are guaranteed to pay, with investments you are not usually guaranteed unless it yields low. My truck did not cost $25-30K, it cost $18,300. Not everyone is in the same financial position. Most of the stock market has had very low yields this year. The Index 500 has not earned one cent.

------------------
2000 F-150 XL,RC,LB,5.4,4R70W,3.55LS,
Class III tow/Payload #3/Convenience pkgs.,
4-wheel disc/ABS,Chestnut/Parchment 40/60,
Ford bedliner & gas/wheel/spare locks,
3" cold air box modification, Superchip,
Dynomax ultra-flow welded 3" cat-back,
3" exit Y-pipe, Hellwig rear anti-sway bar.

 

Jackal- I didn't say or mean to imply that people should pay cash. I suggested that buyers should compare rates. Sorry for the confusion; good luck.

------------------
2000 F-150 XL,RC,LB,5.4,4R70W,3.55LS,
Class III tow/Payload #3/Convenience pkgs.,
4-wheel disc/ABS,Chestnut/Parchment 40/60,
Ford bedliner & gas/wheel/spare locks,
3" cold air box modification, Superchip,
Dynomax ultra-flow welded 3" cat-back,
3" exit Y-pipe, Hellwig rear anti-sway bar.

 

Hehehe...no problem. Good advice man.

-AR

 

9.75%!!!!
I have a 2001 on order and assumed it would be at the 6.9% that FORD currently has for 5 year financing. This could be a small problem. As far as these guys that say pay cash, they don't have very good finacial savy. Why would you take $25-$30K that could be earning you 15-20% or higher from an investment account and pay cash to avoid financing at less than 10%. Incidentilly, I could actually pay cash but I think my point is made. Also, I always take the longest financing term availble to have the lowest obligated payment and pay off early with higher payments at my own discretion.

 

OK MAX, I CAN SPELL BETTER THAN I CAN TYPE, KINDA. WISH THIS THING HAD SPELL CHECK HEHE. POINTS WELL TAKEN. WE ALL HAVE OPINIONS AND BOTH OF US CAN BE RIGHT.

AS FAR AS EQUITY LOANS FOR BUYING CARS, I AM A MORTGAGE LOAN OFFICER AND GENERALLY DON'T RECCOMEND THEM WITH SOME EXCEPTIONS. I'M NOT LOOKING FOR BUSINESS FROM YOU GUYS SEEING AS I'M ONLY LICENSED IN THREE NORTH EAST STATES BUT WOULD BE HAPPY TO ANSWER ANY QUESTIONS.