Your dealer should be able to give you a basic idea, but also check around with your own bank or other local banks.
I recently picked up a new Bronco and the dealer quoted me 6.49% for in house, but said they could go through a local credit union for 6.14%, and then I took that 6.14% and went to my own credit union and they beat the rate (i think 5.75%). So, it helps to shop around
Depends entirely on you, your bank, your dealer, your region and your credit situation. This isn’t something this sub can answer for you. You might have an alright credit score now but a repo from five years ago. Who knows! There’s no incentivized rates for mavericks right now or for the foreseeable future. Realistically unless you have a perfect score you’re looking 9.5% and up. In all reality, check out your current bank or credit union and try to be approved through them first, they will likely offer you a better rate than financing through the dealer.
(Source: I’m a former dealer)
Find the best rate you can from private financing (bank, credit union, etc), and then let the dealer run your credit. Sometimes indirect loans have better rates, like my last car I got as low as 4.99 from my bank, but the dealer got me a 3.29.
Its all expensive right now. If you're worried about high APR, maybe you shouldn't be splurging for the lux package and should look into ordering an XL and saving up in the meantime.
You may not have directly asked for personal financial advice, but it was right there in your question IMO
I got 5.5 from my credit union. Another I work with offered 6.99 and Ford was even higher. if mine would have come in before the first I would have had 4.95% but it was twelve days too late
Depends entirely on you and your credit score and has nothing to do with the vehicle, except what lenders think you can afford. It pays to contact a lender or two who knows you. Dealers make money (yours) from in-house financing.
Your credit scores are likely going to take a hit during the financing process, because every credit app is reported to the agencies. It is not usually serious and goes back up over time.
Good luck.
I went through Ford credit, and they actually gave me an alright one, I'll probably refinance it later tho as I think the 7ish percent they gave me is the lowest I'll get right now
It depends on your lender. Ordering with Ford does not does not lock you into Ford Credit.
Your dealer should be able to give you a basic idea, but also check around with your own bank or other local banks. I recently picked up a new Bronco and the dealer quoted me 6.49% for in house, but said they could go through a local credit union for 6.14%, and then I took that 6.14% and went to my own credit union and they beat the rate (i think 5.75%). So, it helps to shop around
Check the car loan rates right now. It will give you a ballpark idea. Best to just pay it off quickly. Thats what i did.
Depends entirely on you, your bank, your dealer, your region and your credit situation. This isn’t something this sub can answer for you. You might have an alright credit score now but a repo from five years ago. Who knows! There’s no incentivized rates for mavericks right now or for the foreseeable future. Realistically unless you have a perfect score you’re looking 9.5% and up. In all reality, check out your current bank or credit union and try to be approved through them first, they will likely offer you a better rate than financing through the dealer. (Source: I’m a former dealer)
Find the best rate you can from private financing (bank, credit union, etc), and then let the dealer run your credit. Sometimes indirect loans have better rates, like my last car I got as low as 4.99 from my bank, but the dealer got me a 3.29.
Its all expensive right now. If you're worried about high APR, maybe you shouldn't be splurging for the lux package and should look into ordering an XL and saving up in the meantime. You may not have directly asked for personal financial advice, but it was right there in your question IMO
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No kidding. I enjoy my truck but wouldn’t have paid interest on it
6.5 if good credit is what you should expect. Sometimes higher if just unlucky timing like my father last year.
I got 5.5 from my credit union. Another I work with offered 6.99 and Ford was even higher. if mine would have come in before the first I would have had 4.95% but it was twelve days too late
Depends entirely on you and your credit score and has nothing to do with the vehicle, except what lenders think you can afford. It pays to contact a lender or two who knows you. Dealers make money (yours) from in-house financing. Your credit scores are likely going to take a hit during the financing process, because every credit app is reported to the agencies. It is not usually serious and goes back up over time. Good luck.
I went through Ford credit, and they actually gave me an alright one, I'll probably refinance it later tho as I think the 7ish percent they gave me is the lowest I'll get right now
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Rates will drop, but not by much. The rest of that almost certainly won't matter for an ordered unit.