I know Ford Credit was allowing you to make no payments for up to 90 days with the program that just ended so I'm wondering if that 90 day deferral is still ongoing? Not seeing any mention of it online for this new program.
I would never recommend doing that, even if available. All that does is cost you more interest. Three months of interest carried for 3-4-5 years can compound into much more than the original amount!
Yeah I know that and I don't plan on doing that I was just curious if they pulled that offer.
Take heart - lesson learned and believe it or not sometimes bad credit is better than no credit.
no chance in hell. They are already taking losses charging far below market rates. Sales are going reasonably well for now. If the sales falls off a cliff even with low, low rates then MAYBE they'll do bonus cash.
Many have found themselves, for a variety of reasons both self-inflicted and not, in your shoes. I remember two divorces and many moons ago, I couldn't finance the steam off a hot dog. But time heals these wounds, and you'll eventually be back on your feet. Just be sure you learned your lesson (if self-inflicted), keep your bills paid, and your nose clean!
Yeah I was paying 15.99% on the truck I traded in for the EB. Granted, it was a 2013 model I financed through my bank so that probably wasn’t the best idea in the world but at the time I had the extra income so that was the only reason I got it to start with. I had a paid off 1/2 ton to start with and wanted a diesel to do more things with but that fell through fairly quick after buying so I had to make a decision on what was best for me now and do the best I can until things come around. I’ll likely keep this car a couple of years and probably refinance it or if something positive changes and I can afford to buy another diesel I will. If not, I will continue to enjoy the car and work my way up until I can get another diesel.
don't feel bad. I know someone who was paying 23% on a high mile '16 GT.
I’ve been there too. In 2019-2020 I bought a 2018 Altima and was paying 23% on it. Granted my payment was lower on it than on the diesel I had and lower than the EB I have now just because the price was lower than the EB and loan was longer than on the diesel. But sometimes you gotta get what you can and make the best of what situation you’re in. Sometimes you gotta take a hit and get rid of something that you really want or get something you don’t want just to get by until you can move forward to better things
That’s true as well but things have happened each time out of my control that made it hard to make those payments or have changed to where I needed to spend that monthly payment on something else. Long story. Just trying to get better as I go
