heeldrag Posted December 6, 2018 at 11:56 PM Report Share Posted December 6, 2018 at 11:56 PM Hey guys! So i posted last week about buying new vs used (2017 FFE SE Luxury) and decided in my case it would be beneficial to look for a new one. I found a dealership that had 3 leftovers, and negotiated a solid deal (in my opinion) to purchase the car for $22,500. I was feeling pretty good, until I was told my interest rate would be 6.75%!! Even though my FICO score was excellent, the finance guy basically said the lowest rates Ford was offering were in the 5s and that this was higher because of the older model year (even though it is brand new). I guess my question is, is this a typical experience when buying from Ford? 5% seems high for those with good credit (I got approved by BoA for 3.5%, but the dealership refuses to use outside financing). Quote Link to comment Share on other sites More sharing options...
murphy Posted December 7, 2018 at 01:34 AM Report Share Posted December 7, 2018 at 01:34 AM They gave you a lower price on the car because they expect to make up the difference in the loan fees and interest.If you get the financing elsewhere you are paying cash as far as they are concerned. Quote Link to comment Share on other sites More sharing options...
jsamp Posted December 7, 2018 at 09:18 PM Report Share Posted December 7, 2018 at 09:18 PM Time to find a different dealership. "we don't use outside financing" is BS. A Ford dealer here in CA has 2.9% on a older model Energi. Sounds to me like they are working you over. Don't give in. You may have to walk away. If they're treating you like that, I wouldn't buy new from them either. jeff_h 1 Quote Link to comment Share on other sites More sharing options...
heeldrag Posted December 8, 2018 at 11:31 PM Author Report Share Posted December 8, 2018 at 11:31 PM OK so basically it was all just a game. When I pressed them really hard on how weird it was that they were discouraging me from finding other financing options, they caved. Then I just got a couple quotes from other lenders and they ended up beating those rates so it worked out. Picked up my brand new 2017 FFE today and am very happy with it!! I'll post a pic in the daylight tomorrow. Probably gonna spend some time reading the manual tonight and testing out the battery tomorrow. Will keep you guys posted and thanks for all the insight! jeff_h and jsamp 2 Quote Link to comment Share on other sites More sharing options...
murphy Posted December 9, 2018 at 11:39 AM Report Share Posted December 9, 2018 at 11:39 AM It's always a game at car dealers. The one I hate the most is their claim that I need to change my oil every 3000 miles. 4cylinder 1 Quote Link to comment Share on other sites More sharing options...
4cylinder Posted December 10, 2018 at 03:09 PM Report Share Posted December 10, 2018 at 03:09 PM (edited) And this is why we call them stealerships :D Congratulations on your purchase. You paid less for a new one than I did for a used one with 7800 miles! Edited December 10, 2018 at 03:09 PM by 4cylinder Quote Link to comment Share on other sites More sharing options...
muzicman61 Posted December 17, 2018 at 07:51 PM Report Share Posted December 17, 2018 at 07:51 PM Yah, the dealership where i bought my 2017 FFE wasn't real happy to hear i was paying cash. Financing and service are where they make the most money. Not on the sale of the car. Quote Link to comment Share on other sites More sharing options...
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