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Who is going to use third-party financing?

Graybs

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As I was going through the build and price tool looking at Bronco configurations, I noticed that the monthly payment is calculated using a 5% auto loan rate. I assume that is what Ford Financing is going to be offering when we finally get our Broncos. Who is considering using third party financing? It seems like money is pretty cheap in the current environment, so finding an auto loan rate significantly under 5% should be pretty easy.

Are there other considerations before pursing this route?
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Stuckin918

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Secure a rate from your bank or credit union.
When finalizing deal with dealer, tell them your rate and if they can meet or beat it you will go with them.
Also the 5% is estimated, they don’t know your credit score.
 

NurseA.J

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Going with my credit union. Much lower. Unless of course great incentives but I doubt that being the case given the demand on this beautiful beast!!!
 

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andi

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Secure a rate from your bank or credit union.
When finalizing deal with dealer, tell them your rate and if they can meet or beat it you will go with them.
Also the 5% is estimated, they don’t know your credit score.
Anyone know if we need to secure the loan in December or up until next year when deliver happens????
 

XirallicBolts

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My wife's credit union is advertising as low as 2.5% for new cars. She has excellent credit but I'll likely cosign because she has no collateral.

Ford would have to have some decent incentives to get us to finance through them.
 

Daytona_Bronco

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I will be shopping around. Cool if Ford goes 0% but I highly doubt it.
They Might ... maybe @ 36mo, like most manufacturers offering on higher trims ...
 

Obi-Wan Broncoby

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Credit union. 2.49%. Ford Motor Credit wont get my money.
 

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jayhawkco

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I'm having my dad (former Navy) sign up for Navy Federal and then guest me in. 2.29% even for long term loans. Then I can compare to what Ford offers.

Chris
 

broncoj11

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I just refinanced my 2018 accord at my CU for 3.25% lol so i’m sure they’ll offer 3% or below for a new vehicle. I just reached out to my dealership to see what’s up though.
 

Hey19

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My CU advertises 2.9 now. Who knows what will happen by delivery time...
 

BroncoJay

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Anyone know if we need to secure the loan in December or up until next year when deliver happens????
When you pick your rig up.... it could be another year before u get it..so no need to secure a lon before then..
 

WCP-82

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I'm having my dad (former Navy) sign up for Navy Federal and then guest me in. 2.29% even for long term loans. Then I can compare to what Ford offers.

Chris
I know they let dependents of vets enjoy benefits but what about the parents? Isn't me worrying about my son worth something? I digress. I'm going with my CU if I don't find a better deal. They currently offer 2.99% and an offer of 66 months. Might be my sweet spot. I have a thing against loans over 5 years and a thing against high payments.
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