Ford Focus Forum, Ford Focus ST Forum, Ford Focus RS Forum - View Single Post - ford 0% financing or bank loan & $2000 back?
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Old 10-24-2012, 07:47 PM   #9
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Originally Posted by paulgj View Post

Would I typically be better off getting a non-Ford loan and claiming the current $2000 rebate for cash or taking Ford's offer of 60 month 0% financing and forgoing the cash rebate?

My credit is good so I don't think I should have a problem getting a loan and have already prequalified for Ford financing.

What have others done when faced with this option?

This will all depend on what kind of interest rate you can get through a bank. If you can get financed at a low rate through a bank and take the $2000 rebate (which is now $2500, at least in my neck of the woods) that would be your best option. If you are good with numbers, do the math. However, keep in mind that interest is compounded and you will need to compensate for that, meaning you cant simply take the price of the car multiplied by your APR to get the total price paid. There is a formula for it, but it is quite complicated. If you'd like to give it a go, let me know and I'll give you the formula.
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