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Ford Focus Purchasing Center (Ask A Ford Salesperson) Discuss about special incentives and ordering information on the Focus & Focus ST.
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Old 07-30-2012, 04:54 PM   #21
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Originally Posted by Bimmer-Bob View Post
Well, if you co-signed for her then she really didn't qualify for that rate - you did. At least that's my understanding. I mean, without a credit history or income, there's no other way they would have considered her but to have a co-signer.
Exactly!!
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Old 08-11-2012, 12:28 AM   #22
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Heres the deal I got...

Back in 2008 after my cavalier was paid off.. I just started putting 500 a month in to a Total Stock Market Index Fund... until March of this year when my old 2003 Cavalier started to fall apart...

When I went to pull the money out of that mutual fund to buy my new (used) Focus, I had a 1900 dollar capital gain on the shares of the fund i sold.
Figuring what I spent on the car plus my trade which wasnt near as much as i hoped.. but not bad considering the clutch was gone and the front end was worn out.

Turns out it was like a 13,000 car loan in reverse with a 12% interest rate... I spent only 11,100 of my own money and 1900 in capital gains...

Only draw back is next year when i have to pay 5% capital gains tax on that $1900...

the interesting thing is .. that mutual fund after buying the car still had over 25 grand in it...

For those with high interest car loans, this is something to think about..
that car loan is costing you a fortune..
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Old 08-11-2012, 02:26 AM   #23
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15% you mean
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Old 08-11-2012, 02:28 AM   #24
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I remember back in 2008 before the bank crash.. I went to a ford dealership that was selling a used 2004 yellow z3 hatch with 20k on it for 10 grand. My credit score was 780 and I had a down payment of 4k out of 10k. I was denied the loan.
Really? WTF...

Also guys 1.9% ain't that great of a rate, did a deal the other day 1.59% 4,500 rebate plus $3,300 discount.
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Old 08-11-2012, 06:42 AM   #25
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15% you mean
15% on what? the rate of return or the taxes?

the rate of return came out to about 11.8 something so I rounded up to 12% based on the mutual funds realized gain/loss calculation..

as far as the taxes... Based on my income level, Capital gains rate is 5%
my income tax rate is 15% though.

Once the Bush Tax cuts expire though.. that won't be true anymore..
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Old 08-14-2012, 04:18 PM   #26
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Bought my 2012 Focus Titanium on Saturday. 1.49% approved from credit union. Dealer got me 1.99%. Credit score 795. Took dealer financing as it was easier for $6/month. I can always take the credit union loan and pay off the dealer loan. Got the $2000 rebate too.

Focus Titanium hatchback, premium, sport, cold weather, sunroof, MFT/Sirius/Nav. Sticker $27,050. Out the door just under $24k.

Really enjoying it.

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Old 08-14-2012, 04:44 PM   #27
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^what he said id take the rebate then re-fi into a lower APR if its offered.
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Old 08-14-2012, 05:03 PM   #28
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When I refinanced my Focus through my CU, I got a 2.2 rate. And my Fico score was at the time 765.
Not to add salt in the wound, but with an 806 score, you should have easily qualified for the lowest rate. Good luck with your new toy.:)
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Old 08-14-2012, 07:18 PM   #29
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...
Not to add salt in the wound, but with an 806 score, you should have easily qualified for the lowest rate. Good luck with your new toy.:)
No worries at all! I'm glad to hear everyone's experiences. And yeah, I'm driving the snot out of this car!
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Old 08-17-2012, 11:38 PM   #30
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dude dont worry, even if they say 6% take the $500 finance incentive and as your walking out the door call your bank and refinance through them...you get your $500 refund, pay it off with the rfi and enjoy your new low rate... sometimes I sit there getting my new loan as the guy is still printing out the paper work for the dealer loan...
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