0% financing no longer available?

[generaltso]

i confirmed today that the option plan rebate and interest rate is available until my car comes in. It will not change And is price protected.

Did you get that in writing?

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[kennethjk]

Did you get that in writing?

Yes

 

[generaltso]

Yes

Keep that safe because the dealer may have to make up the difference if Ford disagrees.

 

[Mawby]

As an FYI, I ordered my car in Sept. and was told that option plan rebate was 2500 and int rate of 2.25 here in NY

i confirmed today that the option plan rebate and interest rate is available until my car comes in. It will not change And is price protected.

Yep. Dealers lie.

 

[kennethjk]

Keep that safe because the dealer may have to make up the difference if Ford disagrees.

the local dealer here has been a straight shooter all along and many years ago also on another matter.

they know option plan, x plan, .9 percent loan rate if you want. Etc. no ADM.

have been here over 50 years , large volume dealer.

at least in my dealing with them , I haven’t had any issues.

 

[Mawby]

Sound like BS to me. A loan payoff has nothing to do with the fed tax credit
the only issue I would consider not paying it off is that after 3 years if you didn’t want the car you just give it back in lieu of paying off the balance of the note, around 24k, probably. If you pay off loan early you probably give up that right afforded you in the option p,an.

I agree. Probably won't let me pay it off and keep the baloon part... to decide in 47 months.

 

[generaltso]

the local dealer here has been a straight shooter all along and many years ago also on another matter.

they know option plan, x plan, .9 percent loan rate if you want. Etc. no ADM.

have been here over 50 years , large volume dealer.

at least in my dealing with them , I haven’t had any issues.

That‘s good. Hopefully that means they’ll stand by what they told you if it turns out to be incorrect.

 

[generaltso]

I agree. Probably won't let me pay it off and keep the baloon part... to decide in 47 months.

Right, there‘s no such thing as paying it off and still having the balloon. The balloon is part of the payoff.

 

[kennethjk]

Yep. Dealers lie.

Generally speaking I wouldn’t disagree but so far I haven’t had any issues with this dealership.

as a matter of fact 30 years ago I brought a Taurus in to have them look at it after a local repair shop quoted $1800 to fix an engine issue.

$88 later they said car was fixed And it was.

I am used to Porsche’s and BMW’s and their service is impeccable. At least their treatment of me Is.

I would not expect that from a Ford dealership but from a sales perspective I have nothing to complain about.

trust but verify is my motto.

 

[Mawby]

Right, there‘s no such thing as paying it off and still having the balloon. The balloon is part of the payoff.

Once I get the first statement I will call Ford credit and hope I get am experienced knowledgeable response to my questions. To identify a path.

 

[Mawby]

Generally speaking I wouldn’t disagree but so far I haven’t had any issues with this dealership.

as a matter of fact 30 years ago I brought a Taurus in to have them look at it after a local repair shop quoted $1800 to fix an engine issue.

$88 later they said car was fixed And it was.

I am used to Porsche’s and BMW’s and their service is impeccable. At least their treatment of me Is.

I would not expect that from a Ford dealership but from a sales perspective I have nothing to complain about.

trust but verify is my motto.

I bought 4 cars from a different dealership 3hrs now away as we since moved and they were very upfront. Good to hear your's is forthcoming and truthful. Hope others catch on as reputation is on the line.

 

[yngwenli]

The loan being paid of has absolutely zero effect on the Fed tax incentive, but can effect the dealer's bottom line if paid off within 3 months. I'm going from memory here but I believe @hybrid2bev mentioned a long time ago that paying off the options before 3 months leads to a chargeback to the dealer for the options "cash back" incentive. So they are lying to you so you won't pay it off before 3 months so they don't get a chargeback.

Something to think about, depending how angry you are with them.

So is this 3 month payoff thing penalty for dealers true for Options? Like if you aren't unhappy with the dealer, want them to get their cut as well, but also want to save $$ as a rule/lifestyle?

 

[Mawby]

So is this 3 month payoff thing penalty for dealers true for Options? Like if you aren't unhappy with the dealer, want them to get their cut as well, but also want to save $$ as a rule/lifestyle?

I believe so hence wait 3 mos + 1 day?

 

[kennethjk]

I believe so hence wait 3 mos + 1 day?

Just be aware that if you pay off the option loan you will probably lose the ability to turn back car after the 3/4 year option

 

[Mawby]

Just be away that if you pay off the option loan you will probably lose the ability to turn back car after the 3/4 year option

Yeah. I figured so. At this point the car is amazin. Reminds me of the handling of the 9-5 Saab I had.

I plan to talk to the Ford credit people first as the rate I got must be told.

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