Johnyguy Posted August 7, 2014 Share Posted August 7, 2014 I just saw this on the ford website 0% Apr for 36 months or $1500 retailer cash. Now makes me think if I should pay full or finance,what you guys think ? Quote Link to comment Share on other sites More sharing options...
Johnyguy Posted August 9, 2014 Author Share Posted August 9, 2014 I thought this topic would start a conversation about how you guys payed for your van finance it or lease it or pay in full? I guess no one cares to discus it Quote Link to comment Share on other sites More sharing options...
bikinchris Posted August 10, 2014 Share Posted August 10, 2014 No APR is a good thing if you can afford the notes for 36 months. But most of us on here have already bought a TC, so we are locked in. Quote Link to comment Share on other sites More sharing options...
windguy Posted August 10, 2014 Share Posted August 10, 2014 I just saw this on the ford website 0% Apr for 36 months or $1500 retailer cash. Now makes me think if I should pay full or finance,what you guys think ? Given the choice, I would take the cash hands-down. Make sure the cash offer applies to what you're getting. Sometimes it's only for vehicles off the lot, not special orders. But that assumes you have the money to buy the van outright. If you have to finance the purchase then Ford's financing might be good. Don't know. Even if you had the funds and choose to invest the money instead you'd have to clear (after taxes) about 1.9% for 3 years to break even. Quote Link to comment Share on other sites More sharing options...
bikinchris Posted August 11, 2014 Share Posted August 11, 2014 When I bought my TC, I already had financing ready. They didn't have low APR from Ford Credit, but they did have money back. Even though I had special ordered my TC, they took it off the top. I was very happy. Quote Link to comment Share on other sites More sharing options...
2013TransitConnect Posted August 17, 2014 Share Posted August 17, 2014 I have always paid cash for a car. It just doesn't make much sense to me to finance something that only goes down in value. Quote Link to comment Share on other sites More sharing options...
bikinchris Posted August 17, 2014 Share Posted August 17, 2014 But it makes great credit sense to finance even if you don't need to finance. History of good credit can come in handy if it ever becomes a requirement and it will save money on a loan. Quote Link to comment Share on other sites More sharing options...
Johnyguy Posted August 17, 2014 Author Share Posted August 17, 2014 exactly ,even if you have the money why would you give them up front if they give you the option to pay it monthly of course its make sense if you get 0% APR for 3 years ,in the meanwhile if you need the money for other things you have it , the downside of this as far as a see it is you need to get full coverage for the insurance but the amount of that depends on your driving record and the state you live at . Quote Link to comment Share on other sites More sharing options...
2013TransitConnect Posted August 17, 2014 Share Posted August 17, 2014 exactly ,even if you have the money why would you give them up front if they give you the option to pay it monthly of course its make sense if you get 0% APR for 3 years ,in the meanwhile if you need the money for other things you have it , the downside of this as far as a see it is you need to get full coverage for the insurance but the amount of that depends on your driving record and the state you live at . Most often you can get cash back instead that far exceeds the savings of 0% for three years. So which deal is better -paying $21,500 cash or paying $25,000 with 0% interest over three years? Quote Link to comment Share on other sites More sharing options...
Johnyguy Posted August 18, 2014 Author Share Posted August 18, 2014 Most often you can get cash back instead that far exceeds the savings of 0% for three years. So which deal is better -paying $21,500 cash or paying $25,000 with 0% interest over three years? That's true unless you have negotiated a deal for the cash price when you ordered the vehicle and a cash back deal comes in the picture later. Quote Link to comment Share on other sites More sharing options...
2013TransitConnect Posted August 18, 2014 Share Posted August 18, 2014 That's true unless you have negotiated a deal for the cash price when you ordered the vehicle and a cash back deal comes in the picture later. I'm not fully understanding what you said. Quote Link to comment Share on other sites More sharing options...
Johnyguy Posted August 18, 2014 Author Share Posted August 18, 2014 I'm not fully understanding what you said. Yes sorry I see your good point now thanks , I will need to see if I get that $1500 cash back when the car gets here . I should be.. Quote Link to comment Share on other sites More sharing options...
2013TransitConnect Posted August 18, 2014 Share Posted August 18, 2014 Yes sorry I see your good point now thanks , I will need to see if I get that $1500 cash back when the car gets here . I should be.. I bought a 2013 was had the choice of $3,500 cash back or 0% interest but not both. But deals change all the time. Hope you get both. Quote Link to comment Share on other sites More sharing options...
Johnyguy Posted August 18, 2014 Author Share Posted August 18, 2014 I bought a 2013 was had the choice of $3,500 cash back or 0% interest but not both. But deals change all the time. Hope you get both. Thank you I ordered a 2014 model its shows $1500 on ford website. Quote Link to comment Share on other sites More sharing options...
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