god... 8% just sounds horrible to me. My last car (21 challenger r/t) i got at 3%Great question, anything under 8% would be excellent and closer to historical norms.
Last time I checked a couple months ago, it was 7%.Just curious what Ford is offering for financing right now on Mustangs. I can’t imagine it’s competitive, but figured I’d ask. My credit is 800+ but it would be good to hear for a variety of scores.
To my knowledge, there's no penalty for an early payoff.Does Ford lock you into a time period or can you pay off the loan early ? Also if you do pay off the loan early is the total interest over the full term added on top of the borrowed amount or is it amortized like a house mortgage for example. Thanks!
I asked my Canadian dealer out of curiosity and I believe he said 5.9 % the same as Bank car loans. I can pay cash with a $12,000.00 loan.Last time I checked a couple months ago, it was 7%.
imagine having a retirement account sheeshLong term secure loans run something like prime rate plus 2-3%. Credit cars and unsecured loans are much higher. There is an exception and ford will offer lower rates to encourage sales. It's not a great time to take out a loan but I suspect tomorrow it will be worst.
If you're unable to pay cash, I would suggest you put as much down as you can afford and try to pay the loan off early. A little warning, don't tap into your retirement account because the penalties are much higher that the interest you will pay.
It's a matter of setting your priorities. I never expected to inherit much money and I know I will want to quit work at some point. It's not exactly working out the way I expected because I am 72 years old and still working because I am keeping a promise and not because I need the money. A little money each month over time and sooner or later it becomes noticeable. I could write a book about it but Dave Ramsey already has written several.imagine having a retirement account sheesh
I am 66, but love cleaning houses, so do a couple a week. Gets me out of the house.It's a matter of setting your priorities. I never expected to inherit much money and I know I will want to quit work at some point. It's not exactly working out the way I expected because I am 72 years old and still working because I am keeping a promise and not because I need the money. A little money each month over time and sooner or later it becomes noticeable. I could write a book about it but Dave Ramsey already has written several.
That makes no sense to me. You give them the VIN and the purchase agreement, that's all the info that they can need/want.Last month they were over 8%. We could only get 3 banks to offer us a loan as many banks and zero credit unions had any information on this car. Excellent credit and we got 7.6 I think