mamejunkie
Well-Known Member
- Joined
- Feb 19, 2020
- Threads
- 20
- Messages
- 638
- Reaction score
- 900
- Location
- Orange County, CA
- Vehicles
- Premium Mach-E '21, Premium Mach-E '22
- Occupation
- Software Engineer
Didn't know they will provide that level of details. I normally just pay cash but so much other expenses want to finance it. 0.9% is much better than the banks. And if Ford Option is lower with the incentive, may consider that also. Just want to be prepared and not get caught off guard by the slimy car dealership closer finance guy.I plan to keep the car longer than 4 years.
The easy way to figure this out (what I plan to do!), and with the most accurate and current numbers, is to make this decision at the dealership while purchasing the car.
The disclosure forms for financing (whether traditional or Ford Options) should indicate the total cost paid for the entire term of the loan.
Use those numbers to get your total out the door cost including the sum of all loan payments and balloon payment.
I will also look at my total cost to get financing (traditional or Ford Options) and make just a couple of payments on it and pay the rest as cash (or a bank auto loan) after those first few payments.
This can be worthwhile depending on manufacturer incentives.
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