Folding PPF coats in car loan

[bncwhite]

My sales rep said I could add the cost of PPF into my car loan and then write me a refund check to pay for the PPF to the shop of my choice.

If you were going to fold $3775 worth of PPF into the car loan, would part of that be in the balloon payment or would all of it be part of the 35 ($107.86/month plus interest) or 47 ($80.32/month plus interest) monthly payments? I’m planning full front, black rocker areas, and full back black bumper area, plus full ceramic on all car areas, including glass. Would you do it to keep the $3775 in the bank account and pay it out slowly over the loan life?

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[Nklem]

From what I have seen by a few Options contracts listed online is that your "Extra costs" above the cost of the MSRP of the car are built into the 36 or 48 month term at the rate of your loan, the Balloon does not change in either option. So figure $3775 for 36 or 48 months at your rate and add it to your base Options payment for the car only.

This also applies to Taxes you may roll in as well. If your "down payment" makes your Options loan net amount less than MSRP, it may be treated differently depending on how the dealership fudges the numbers.

 

[MMXX500]

If you roll that $3775 into your loan amount/contract then you will pay taxes on it - as well as interest so I don't think it's worth it.

The dealer can do it a couple of different ways, they can add $3775 to the sales price but that means your taxes and license fees would be higher based on the higher sales price. The other way for them to do it is to add $3775 on a separate line as an add on but that would still be a taxable amount. Either way once they get funded by the bank they'll cut the check to the vender but they'll probably need a W9 tax form from the vender too.

The best way for you to do it if you don't want to tie up your cash ( in my opinion ) is to look at opening a credit card like one from Capital one or Chase, Citi etc that has a 0% purchase offer. The credit card could also have a bonus offer for points earned when you spend a certain amount which you will hit in your case.

As for how much of the $3775 is rolled into payment and balloon, I could be wrong on this part but I would think the amount rolled into the payments is based on the "Options" residual. So for example if the "Options" residual is 45% then 55% of the $3775 is spread over payments and the remaining 45% goes into the balloon payment.

Edit* That makes sense what @Nklem said previously, I don't think Ford will residualize things like PPF now that I think about it. They used to residualize add ons like bed liners but with the PPF/ceramic it most likely will be spread over the 36/48 months.

 

[hendersonross]

If you roll that $3775 into your loan amount/contract then you will pay taxes on it - as well as interest so I don't think it's worth it.

The dealer can do it a couple of different ways, they can add $3775 to the sales price but that means your taxes and license fees would be higher based on the higher sales price. The other way for them to do it is to add $3775 on a separate line as an add on but that would still be a taxable amount. Either way once they get funded by the bank they'll cut the check to the vender but they'll probably need a W9 tax form from the vender too.

The best way for you to do it if you don't want to tie up your cash ( in my opinion ) is to look at no credit check loans by NorthnLoans or opening a credit card like one from Capital one or Chase, Citi etc that has a 0% purchase offer. The credit card could also have a bonus offer for points earned when you spend a certain amount which you will hit in your case.

As for how much of the $3775 is rolled into payment and balloon, I could be wrong on this part but I would think the amount rolled into the payments is based on the "Options" residual. So for example if the "Options" residual is 45% then 55% of the $3775 is spread over payments and the remaining 45% goes into the balloon payment.

Edit* That makes sense what @Nklem said previously, I don't think Ford will residualize things like PPF now that I think about it. They used to residualize add ons like bed liners but with the PPF/ceramic it most likely will be spread over the 36/48 months.

Thanks for the information.
I know that quality has its price. But before, I couldn't understand the idea of paying that much for what looks like a transparent piece of plastic on your car.
But given that it could prevent thousands of dollars in damage to your car over the next five years,
not to mention the added value it brings, if you plan on selling it, I would say screen protector is a worthy investment.

 

[bncwhite]

I just got a notification about this thread. I haven't read all the posts.

When it came time (Feb 2022) to folding the PPF cost into my loan, the dealer offered to do it under traditional financing but as far as Ford Options goes, folding the PPF cost into Ford Options was not allowed.

 

[ferneycompleting]

If I am entirely sure I won’t regret this decision, yes. However, I have second thoughts since it’s a significant amount of money, and I would also ask some specialists to guide me through this process. The first person I would go to would be a Mortgage Advice Hull. They have enough experience to analyze the situation from different perspectives and give me the best tips. Of course, this means investing more money, but it will also lead to fewer problems and stress.

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