|10-25-2012 01:15 AM|
|Nik00117||Do the math figure out which is better...But normally I find the cash rebate is the better offer.|
|10-24-2012 07:47 PM|
|10-20-2012 10:58 PM|
|Coltm4||I just took $2350 cash back and got 1.9% financing. You can probably get higher interest on a CD.|
|10-17-2012 08:34 AM|
|Miller88||How much are you financing? If you will save money by using $2000 and interest - do that. If you can save money by getting 0% - do that|
|10-16-2012 09:15 PM|
|imccrea||Almost everyone takes the $2,000. If you're buying a F series truck and financing $40,000 take the 0%.|
|10-14-2012 12:21 PM|
for the most part your payments will work out to be the same. What will matter however is how long are you planning on keeping the car? if your planning on trading the car in a few years take the cash. That way you wont be getting upside down in your loan as you an apply the 2k right to the prinicpal of the loan. if your planning on keeping the car past the loan term then 0% will work out just fine.
Youll have to crunch the numbers to figure out what is best.
|10-14-2012 10:13 AM|
I got 1.74% for 60 months through the dealer which used eastern bank.
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|10-14-2012 09:55 AM|
Go here http://www.bankrate.com/calculators/...alculator.aspx and do the calculations.
You can even download a loan calculator for your smart phone to do calculations on the spot if they try and switch things up on you.
Also,I think walking in an hour or two before closing on the last day of the month makes a difference.
|10-14-2012 08:32 AM|
Just got a '13 and the deal at the time was either $1500 cash back or 1.9% financing on 60 mos.
My dealer arraigned the $1500 from Ford and set up my financing through Bank of America for 1.84%, so best of both worlds.
Just make 'em think you're walking out & you might get good results.
Good luck with the new car! I love mine.
|10-14-2012 02:50 AM|
ford 0% financing or bank loan & $2000 back?
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?