Ok i wanna know what the APR is going to be on these 09 trucks. I have contacted ford and they told me to speak to my dealer as normal but my delaer dont know what the apr's are???? Does anyone have any idea? will be putiing down about 10% if that make any difference

 

I would think you could get a number of diff. apr's depending on who you get the loan from - your bank, FMC, another bank or loan company, etc.

Although I would highly suggest to just pay cash for it outright. Hopefully if anything this recession has done is teach American's to stop living on credit and only buy what they can actually afford. I would hope no American ever goes into debt over anything except a home loan ever again. car loans, credit card debt, HELOC's, etc just get people in serious trouble. Pay cash and be done with it. Like they say, if you pay cash for everything it will go a long way to help people realize what they are actually spending and can actually afford or not. Difference between needs and wants. Tough times for us all, but also another opportunity to learn and grow. So my suggestion is pay cash, no interest, no debt, and no surprises down the road if you or someone you love gets sick/injured/laid-off, etc. The absence of stress by having zero debt is an empowering feeling and one I hope a lot more American's start experiencing as the shift has already begun to less trophy things (cars, boats, huge homes, etc) and more real-world security for health & family.

So I suggest paying cash and enjoying your new vehicle debt-free!

 

If only it was that easy. Our familey run a buisness that turns over 2 million+ a year and we cant afford to go buy a car at $50,000 outright. Our money is tied up in the company and stocks. But we make more than enougth to pay for the payments each money with plenty to spare. If anyone could by these things outright they have either done very well in life our had the same car for 10+ years and saved for that whole time. Not possible for me to do.

 

The only way you are going to beat the interest rate from your bank or credit union at the dealer is if there are incentives. If there are incentives, normally you can get more "cash back" if you finance elsewhere.

 

Well i got a mail saying that they would do a 6.9% speacial rate or $2000 extra trade-in. Dont seem like a very good incentive to buy a new truck to me. They need to get these things down to below 2% max the way the economy is at the moment. They should really be 0% apr seeings they aint shifting no where near as many as they would like.

 

So what interest rate can you get from your bank or credit union?

 

a lot better than that thats for sure. We just bought a mastercraft X30 for a lot lower rate than that. Will have to try and haggle with them when im in there. I will be ahppy with 6.9 and the $2000 trade in incentive combined. that would seem like a ok deal to me.

 

Should be able to get a lot better than 6.9% financing from a local bank or credit union. My credit union has rates as low as 4.9% for 2007, 2008, and 2009 vehicles.

A $2000 trade-in incentives is not enough considering resale value has dropped so much.

That being said I would still love to get a new 2009 F150. I am going to stick with what I have until I can get a used one with low miles.

 

the apr rates are up on their special offers on the build site they are nothing special a bit to high if you ask me