Update 4/6: Is Lou Fusz Ford Being Shady…

[Shane78]

I am pretty good friends with the Fusz bros if you didn’t already walk, I can try to pass something on and help? Don’t believe it would hurt.

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[sklnbnzaz]

They only want you to keep it financed for 3 months so they are sure to get their kickback from the bank

Finance for 3 months, wait a week then go re-finance at your credit union.

 

[lasttj]

using your credit union is the same as paying the dealer cash didn't realize there is a law in any state where you can't pay cash

There is no law against paying cash. There are just reporting requirements for withdrawing or depositing $10,000 or more from/to a bank account. But generally, when someone says they are paying cash for a vehicle, it doesn't literally mean cash. It just means they aren't financing it.

 

[skierx728]

Probably need to verify if your window sticker has MY22 or MY22.5 pricing on it. That may be causing confusion

How can I tell this looking @ my window sticker?

 

[Rick Astley]

In my case, I can’t put down a down payment, nor can I go with the Credit Union, where I already have approved financing.

according to them, I MUST go with their financing for whatever rate they deem appropriate for me to buy my Bronco

Then be prepared to walk if this is the hill you burry your flag on.

Financing can suck for a variety of ways. Some in our control and some beyond our control. But they're holding the cards on this one and their request isn't unreasonable. Likely they will pad a point of interest in there, plus round up the pennies and make an extra $35 off of you at the end of 3 months.

Or you walk and they sell the rig for $10K over MSRP. I can see where they would rather be.

 

[Romano]

In my case, I can’t put down a down payment, nor can I go with the Credit Union, where I already have approved financing.

according to them, I MUST go with their financing for whatever rate they deem appropriate for me to buy my Bronco

They are trying to break you. They want it for themselves

 

[Rick Astley]

There is no law against paying cash. There are just reporting requirements for withdrawing or depositing $10,000 or more from/to a bank account. But generally, when someone says they are paying cash for a vehicle, it doesn't literally mean cash. It just means they aren't financing it.

yea, actually there are anti-money-laundering laws in pretty much every state. In my state you can't drop more than $10,000 without their being a hold period of between 5-10 days and where the bank must transmit the money directly after submitting a few forms to the state DOR.

On top of that, the dealer is then subject to a whole mess of annoying forms and disclosures to the IRS.

Many dealerships will simply say "NO" to all-cash deals as it's not worth the hassle. On top of that, if the customer walks on a Bronco, they will make an extra $10K, why bother???????


https://www.irs.gov/businesses/smal...rade-or-business-motor-vehicle-dealership-qas

 

[Marauder]

why would you refinance higher?

Sorry… reading back over that, I can see where that’s confusing.

I didn’t mean I would refinance for a higher rate (6.84 - assholes) than what they gave me, but a higher rate (2.49) then what I was approved for on March 20th.

 

[Marauder]

Then be prepared to walk if this is the hill you burry your flag on.

Financing can suck for a variety of ways. Some in our control and some beyond our control. But they're holding the cards on this one and their request isn't unreasonable. Likely they will pad a point of interest in there, plus round up the pennies and make an extra $35 off of you at the end of 3 months.

Or you walk and they sell the rig for $10K over MSRP. I can see where they would rather be.

You were absolutely right. When I was talking to my wife on the drive home, I compared the experience to having a conversation from someone who was just awoken from a 20-year coma on April 1st and trying to prove it was 2022.

i could make every factual rebuttal, provide every factually Certified artifact, and even get validation that they understood every comment I made… but they were never going to put that on paper, nor let me walk out on my terms.

In the end, I had to pay the toll or never cross the bridge and that was the reality.

They even had the audacity to beg me to leave a good review for the salesperson’s sake…

I drove it home. Yippie?

 

[Marauder]

They are trying to break you. They want it for themselves

I don’t disagree. It felt like that from the get-go.

I’m just blown away by the arrogance. I spent 5 hours in intense negotiations and I lost significant ground.

I’ve never felt this level of upset. We’ll see how I feel tomorrow. Right now, it’s in the garage and I couldn’t give less of a damn to fawn over it…

 

[Romano]

I don’t disagree. It felt like that from the get-go.

I’m just blown away by the arrogance. I spent 5 hours in intense negotiations and I lost significant ground.

I’ve never felt this level of upset. We’ll see how I feel tomorrow. Right now, it’s in the garage and I couldn’t give less of a damn to fawn over it…

wake up tomorrow and plan a course of action to ease your stress. Good luck fellow Broncoan.

 

[jubangas]

Get in the box, finance, and call a lawyer on speaker as he's printing up documents.

No lawyer worth Anything taking that call.

 

[Sledge]

why would you refinance higher?

i once ran into a situation where a dealer was trying to get me to do exactly that - accept their financing deal and then refi with my credit union shortly afterwards, for the convenience of driving the car home that day. Glad I didn’t fall for it - my credit union explained to me that a refi forces the car into their “used car financing” category, and the credit union’s rates were higher for used cars than for new cars!

 

[ILoveTacos]

In my case, I can’t put down a down payment, nor can I go with the Credit Union, where I already have approved financing.

according to them, I MUST go with their financing for whatever rate they deem appropriate for me to buy my Bronco

I don't think that would fly in Maryland. How can they not let you shop around for financing? When I purchased mine in February from Chapman Ford, they quoted me a rate but my credit union was lower and they matched it.

 

[Jpdisco]

Did you change your order at all after the first MSRP hike? If so you probably lost your price protection.

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