What interest rate is everyone getting as of today?

[tourproto]

When I picked up my BL back in late March, I told the dealer that if Ford had a great financing deal, I would take it.

In my mind, tt had to be 1.9% or less. What they quoted me wasn't even in the ballpark. It was like 4.5% IIRC. This was just after the first Fed rate hike of 0.25%,

I didn't look anywhere else as I always planned to just write a check for the Bronco, but was open to using "free money" from Ford if the rate was low enough.

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[da_jokker]

Pay cash. No interest.

Yeah another thing for me to be pissed at Ford about. I had planned on leaving my money where it was (and making me money) but Ford drag its ass so long then it interest rates are now so high that I'm probably just going to pay cash.

So not only did ford cost me thousands in investment opportunity, But they also cost me thousands in the depreciation of my current vehicle. If I could have sold it when used cars were higher, i could have easily made 5K - 10K more.

All in all, this Bronco has lost me 10k+ just by not being delivered.

 

[Dingbat]

Anyone finance with Ford credit the past couple weeks? I’ve seen them advertise 2.9% 60 months on less popular vehicles to sell those but curious on Bronco specific? My CU has 4.5% 24-72 month options which is 1% higher than last month. Yikes!

My credit union is showing 4.5% @60mo and 5% @72mo right now.
Higher than the rates they were giving for used (up to 10 years old with 100,000 miles) vehicle loans a little bit ago.

 

[FrankyHotdogs]

I got 3.1% from a local credit union on 8/16/22 for 72 months with 0 down. Most other quotes were between 4-5% so I considered myself lucky to get a rate that low.

 

[da_jokker]

Yeah I don't know what makes the Feds think that raising interest rates is going to fix this problem. This round of inflation is unprecedented because it was caused by COVID and the lack of supply chain.

They are raising interest rates, yet the supply chain is still an issue, so rates will be higher AND prices will remain high.

All they are doing is throwing another wrench into an otherwise already unstable economy.

 

[Big Hoss]

63-month term at 3.24% APR

 

[tmmercer84]

Yeah I don't know what makes the Feds think that raising interest rates is going to fix this problem. This round of inflation is unprecedented because it was caused by COVID and the lack of supply chain.

They are raising interest rates, yet the supply chain is still an issue, so rates will be higher AND prices will remain high.

All they are doing is throwing another wrench into an otherwise already unstable economy.

They waited way too long to raise rates so it's going to be much tougher. They can really only control the demand side. Eventually they will hit a rate which causes demand to lower to meet supply. For instance, there won't be a Bronco shortage if car interest rates hit 10% APR. Hopefully in the meantime supply (of everything) will increase so the rate doesn't have to increase as much.

 

[IDAbronco]

0% interest for 0 months. I was planning to finance with about half down when I ordered. But it's been so damn long I am probably just going to pay cash for it now. It honestly kind of sucks as I really hate dropping that much $$$ at once. But with interest rates going higher it will make sense in the long haul.

Thanks again Ford!

 

[ET13]

I got 1.99% at 63 months with a local credit union here earlier this month. Pretty sure this is still their rate.

 

[Black Diamond]

Locked in 2.49% for 60 months @ a local credit union. Approved yesterday in 24hrs

 

[66Fan]

3.25/72 mo. or 2.49/60 mo.
Local Credit union. Perfect credit.
I'm surprised how much USAA has increased. Almost like they no longer want to lend to anyone other than borderline credit.

 

[jleafgre]

Ok thanks that makes sense. For Harley and Acura purchases I just let dealer shop credit but with rates rising it may make more sense to come preapproved like you mentioned

Depends on what they are offering for incentives. On a Bronco I wouldn’t care to much what they think since there are no incentives and dealing going on. I have done it both ways, sometimes the financing incentive offsets the higher interest and keeps them happy, other times there are no incentives and I have negotiated the best deal I am going to get so going with the lower CU rate makes sense.

 

[Black Diamond]

I just got approved today for 1.99% up to 48 months at Allegacy FCU, Winston-Salem NC. Hopefully picking up my Bronco soon since it’s finally made it to the rail yard. Don’t think I’m going to bother shopping rates any further.

Thank you for mentioning them. I just became a member and got 2.49% for 60 months through the Davidson branch.

 

[miami2823]

Got 2.49% at 48 months from local CU with almost perfect credit. I'll take that as a win.

 

[JeffL]

my credit union is now 2.74% for 84 months. rate doesn't change depending on how long the loan is. keeps going up wish my bronco would come in.

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