Who is going to use third-party financing?

Joined
Nov 5, 2020
Messages
7
Reaction score
9
Location
PNW
Vehicle(s)
09 F-150
Bronco
Badlands
I'm showing up at Granger with a check from my credit union but will use Ford financing if they can get me a substantially lower interest rate (which is unlikely).
Advertisement

 

ehssey

Badlands
Banned
Banned
Joined
Jul 15, 2020
Messages
387
Reaction score
831
Location
SoPas, CA
Vehicle(s)
Ford Edge Sport, Harley-Davidson Street Glide
Bronco
Badlands
Vehicle Showcase
1
My CU. 2%
 

Vandy

Badlands
Member
First Name
Doug
Joined
Jul 22, 2020
Messages
11
Reaction score
36
Location
Utah
Vehicle(s)
Ford Mustang Toyota Tacoma
Bronco
Badlands
Don't pay much to that 5%, that's just a pre-programmed number the programmers put in. There's a reason why you can change it for calculation reasons. To be honest financing through the dealer can be the best approach. If you go through them they will often lower the price on a vehicle and they have deals with banks to offer lower than market rates when compared to a CU because of their volume. As far as the rate you will get? It depends on your financial integrity and credit score. This is where it pays to be rich and pay bills on time. I have a credit score over 800 and I was able to secure a 1.9% auto loan through Toyota financing back in 2018 because of my Credit. My CU offered a 2.9%. If you have a Credit score below 630 then definitely try to secure a low rate with a CU.
 

r21free

Base
Well-Known Member
First Name
bob
Joined
Jul 6, 2021
Messages
119
Reaction score
155
Location
michigan
Vehicle(s)
2021 beonco
Bronco
Base
1.9% to 2.3% not 5% from ford..Sorry ford!!!
 

Username_not_found

Black Diamond
Well-Known Member
Joined
Nov 4, 2020
Messages
284
Reaction score
1,111
Location
Minnesota
Vehicle(s)
Fiat 500 Abarth
Bronco
Black Diamond
Ford put's 5% because they don't know your credit score. For someone with terrible credit you might see the MOPAR Boot rate of 72 months at 11% APR. With great credit, fairly high money down, and a shorter loan term maybe Ford hits around 2-2.5% APR. Who knows. On my Fiat the FCA loan they offered was 1.9% for anywhere from 36-72 month financing with no money down. Through my credit union I got 1.8%. If FCA can get to 2% I would imagine depending on credit Ford offers similar. Bottom line, shop around ahead of time. Check credit unions for the best you can find and see if Ford or your dealership offer matches or is better. No reason to show up ready to pick up your Bronco relying only on your dealer/Ford to offer you a good rate. Go in prepared.
 

Ryan05055

Base
Member
First Name
Ryan
Joined
Sep 5, 2020
Messages
15
Reaction score
64
Location
New York City
Vehicle(s)
2021 Bronco
Bronco
Base
I got 2.79% with Navy Federal.

Of course I got that two months ago before the whole dirt mountain shenanigans, so now I have to reapply.
 
First Name
Ryan
Joined
Mar 8, 2021
Messages
24
Reaction score
11
Location
BRONCO321!
Vehicle(s)
Ford
Bronco
Outer Banks
Third party all the way (the bank of me). Ford will get my money and no interest. I will own my Bronco when I leave the lot. ;)
I’m putting half down I wish I had it all ! Good for you !! No debt ! I still might back out of this purchase.
 

gentlemanbronco

Black Diamond
Well-Known Member
First Name
Rick
Joined
Nov 14, 2017
Messages
969
Reaction score
1,855
Location
Texas
Vehicle(s)
ford fiesta 5.0
Bronco
Black Diamond
Clubs
 
If you have good credit shop around for for financing. Maybe Ford will offer 0% but I highly think not, especially on the bronco. Made the mistake of financing thru toyota on my current car and I could've gotten 0% elsewhere.....
 

TRMFAM

First Edition
Well-Known Member
First Name
Rob
Joined
Jul 13, 2021
Messages
251
Reaction score
320
Location
OK
Vehicle(s)
66 & 73 Bronco, 21 MDX A-Spec, 20 Raptor
Bronco
First Edition
Clubs
 
Navy Federal...all our cars are with them. They are fantastic!
 

Dirt Monkey

Badlands
Well-Known Member
Joined
Mar 8, 2020
Messages
141
Reaction score
210
Location
Dallas, TX
Vehicle(s)
2011 Subaru Outback, 2017 Volvo XC90
Bronco
Badlands
USAA - 1.89%
So, I locked this in, too. Only for my Ford dealership to tell me that can't do direct deposits with only 1-2 day delays because they have such low inventory. I have some emails into the GM, but can't imagine they'd force USAA customers to jump through hoops. Really aggravating so far.
 

BennyBronco69

Badlands
Well-Known Member
First Name
Gordon
Joined
Oct 26, 2020
Messages
425
Reaction score
632
Location
Florida
Vehicle(s)
BWM M4
Bronco
Badlands
I will be showing up with a my own. If they can beat it, awesome. If not, oh well.

Last new car I bought was in June and I got 2%. The dealer did not even bother to try and get me to switch.
 

Capt steve

Big Bend
Active Member
First Name
Stephan
Joined
Mar 30, 2021
Messages
26
Reaction score
21
Location
South Jersey
Vehicle(s)
2017 f150
Bronco
Big Bend
2.69% for 60 months from my credit union. The dealer said he would be competitive.
 

BuffaloBronco87

Outer Banks
Active Member
First Name
Zach
Joined
Jun 28, 2021
Messages
38
Reaction score
91
Location
Buffalo, NY
Vehicle(s)
2021 Bronco
Bronco
Outer Banks
Clubs
 
1.99% through my credit union which was cheaper than the bank I work for after my discount.
I foolishly closed after mine was built though so I've been paying for it while it's on dirt mountain. Oh well I'll just owe less when the warranty is up.
 
Advertisement

 
Quake LED
Advertisement
Top