Ford Financing

BadSas

Feb 02, 2022

I'm curious to get the opinion of other Bronco Reservation holders (who have not received their Bronco as of yet). I figure that the majority of Bronco reservation holders plan on financing their vehicle. I have seen some pretty decent interest rates currently out there, but who knows how long they will last. Most financing application approvals are only good for X number of days until they expire and then you have to apply again. It would be nice if Ford would give a finance rate lock or special incentive for those who have been waiting for more than a year on their build. I am concerned that by the time my build shows up at the dealer the interest rates will be too high making vehicle financing no longer possible. Thoughts???

washope, 14U

Last edited by a moderator: Feb 02, 2022

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Feb 02, 2022

I would be awesome, but honestly I don't think we'll get anything.

The primary purpose of Ford Credit is to get vehicles off of dealership lots. At the moment, there is no vehicles on the lots, so there is zero incentive for Ford Credit to offer favorable rates. I bought a new Escape last August and Ford Credit had among the worst rates, and considering the vehicle shortage has only gotten worse since then I doubt those rates have improved.

2022 4dr Badlands, 2.3L Manual, Mid pkg
YouTube: youtube.com/@ragnarkon
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washope, LR48

Feb 02, 2022

@Ford Motor Company

Bronco Nation Member #4410
22my | Outer Banks | Carb Grey | 2.7L V6 | MIC | LUX | Tow

Feb 02, 2022

BadSas
I'm curious to get the opinion of other Bronco Reservation holders (who have not received their Bronco as of yet). I figure that the majority of Bronco reservation holders plan on financing their vehicle. I have seen some pretty decent interest rates currently out there, but who knows how long they will last. Most financing application approvals are only good for X number of days until they expire and then you have to apply again. It would be nice if Ford would give a finance rate lock or special incentive for those who have been waiting for more than a year on their build. I am concerned that by the time my build shows up at the dealer the interest rates will be too high making vehicle financing no longer possible. Thoughts???

What rates have you been seeing? Starting To look as my bronco is on a train!

BroncOitis

Feb 02, 2022

Spez2323
What rates have you been seeing? Starting To look as my bronco is on a train!

I saw USAA advertise 1.89% and terms up to 84 months. Not sure how long it will be available.

BroncoNavy75, rws

Feb 03, 2022

Interest rates across the board are about to increase, and the looming state of the economy is going to make it harder for financial institutions to lend. That being said, this will also incentivize dealerships to partner with lending institutions that are motivated to get money into the hands of those of us that can afford these vehicles. It's a 50/50, but I would definitely prepare as large a deposit as possible if you are planning to finance!

14U, BroncOitis

Feb 03, 2022

I was told by my salesman to be careful if you're financing with Ford as too much down could mean a higher interest rate. Something about them wanting to make money on the deal. I'm looking at credit unions to see what I can get, but if we get delayed till May it'll be a whole different ballgame.

2022 Bronco Black Diamond 2dr 2.3L manual Hot Pepper Red. Reserved 8/7/20. Ordered 1/23/21. Reordered 10/08/21. Scheduled week of January 24th 2022, delivered 2/24/2022

BroncOitis

Feb 03, 2022

Basically the same here, my Dealership said to me when I asked about financing, they said they would prefer me to go elsewhere like a credit union if I had one. I was totally shocked when the sales Manager told me this, I didn't even ask why, I was just in shock that this was even said.
In the past with every vehicle (almost every vehicle) that I have financed the dealership always told us, if we didn't finance through them that we wouldn't get any insensitive on that vehicle. Maybe now because there are no insensitive on vehicles, they know customers won't finance through them anyways because of the higher rates through Ford financing.
Hmmmm. Seems likely, I don't know!

*632* Days to get A ~~2021~~ - ~~2022~~ -
2023 Big Bend - 2 Door 2.3L Velocity Blue, Squatched, Mid package, Running Boards, Roof Rack, and Engine Block heater.

Feb 03, 2022

When I placed my order on July of 2021 there was a lease option for the Bronco. Now, I do not see it as an option.

acanterbury12

Feb 03, 2022

from what ive seen (usaa) 3.29 on 84 and 2.29 on 75 and as low as 1.29 on lower terms

jlaliberty

Feb 03, 2022

#10

Rates on the Bronco are going to be dictated by market conditions, Ford Credit is a huge part of the profitability of the company (And keep in mind that 0% deals are going to have strings attached 95% of the time. They gotta make their money somehow!)

Luckily with planned rate increases there shouldn’t be too much of an effect. At most you might see a 1%ish higher rate which over 60 months on $50k is only $20 a month or so. Not a huge deal when talking about car loans (mortgages are a different story)

14U, BroncOitis

Feb 03, 2022

#11

Dwwood
When I placed my order on July of 2021 there was a lease option for the Bronco. Now, I do not see it as an option.

I don't think the Bronco ever had a lease program as of yet, however my neighbor has one leased but he works for Ford and he said that it was for a one year lease and at the end of his lease, he has to turn in a lengthy page review on the vehicle. The Bronco that he is leasing doesn't even have a VIN on his window sticker and his Window sticker even says Not for Retail. He even said that this vehicle will be destroyed after he is done, or I'm thinking most likely disassembled.
Most likely was a Glitch in the system, Ford has never had that happen before.......
There maybe a chance that I'm wrong, most to all of the time I am wrong (according to my wife) :LOL:

*632* Days to get A ~~2021~~ - ~~2022~~ -
2023 Big Bend - 2 Door 2.3L Velocity Blue, Squatched, Mid package, Running Boards, Roof Rack, and Engine Block heater.

Feb 03, 2022

#12

This is the current deal (as of yesterday) through Chase ~ Including estimated payments... Based on 'Excellent Credit' of course!

'21 OBX Wht 2-Door SAS, 2.7 w/ Lux, Htd Leather, B&O Stereo, Tow, Mod Bumper, Bash and Brush, Roof Rails
Res 7/13/20, Order 3/19, Build 12/13, Blend 12/14, Built 3/18, Ship'd 3/19... Pk'd up 4/2

Feb 03, 2022

#13

KingSquatch612
This is the current deal (as of yesterday) through Chase ~ Including estimated payments... Based on 'Excellent Credit' of course!
View attachment 27807

That's with 0 down correct?

Wildtrak, hot pepper red, mic, Lux, tow...Totally worth it!!

14U

Feb 03, 2022

#14

I’m seeing 2.74 with the credit unions around my area for 72 months.

21 Wildtrak, Rapid Red, MIC, Tow, Lux, side steps, Built 12/21 delivered 3/22

Feb 03, 2022

#15

BadSas
I'm curious to get the opinion of other Bronco Reservation holders (who have not received their Bronco as of yet). I figure that the majority of Bronco reservation holders plan on financing their vehicle. I have seen some pretty decent interest rates currently out there, but who knows how long they will last. Most financing application approvals are only good for X number of days until they expire and then you have to apply again. It would be nice if Ford would give a finance rate lock or special incentive for those who have been waiting for more than a year on their build. I am concerned that by the time my build shows up at the dealer the interest rates will be too high making vehicle financing no longer possible. Thoughts???

Always good to have a relationship with your bank. Some of the best options out there are credit unions and if you have one associated with your work or in your community it might be worth a look to join. I know Ford is offering some incentives finance wise on vehicles other than the Bronco. Interesting Ford Authority noted that cash buyers are a greater percentage of Bronco sales than almost any vehicle sold in the US, you might even look at a lease option but for a vehicle like a Bronco if you're planning to use it for it's intended purpose and not a commuter there are a lot of downsides.

Feb 03, 2022

#16

BofA 60 months $50K = 2.49%

Bronco Nation Member #4410
22my | Outer Banks | Carb Grey | 2.7L V6 | MIC | LUX | Tow

LR48

Feb 03, 2022

#17

Went with my credit union, 2.7%. Did it all on line. Ford Credit couldn’t come close.

BroncOitis

Feb 03, 2022

#18

jamtra
That's with 0 down correct?

Correct... It's based on borrowing $50k on a '21 or '22 New Ford, as stated. There's no down-payment figured in the calculation.

That being said ~ Most of us would need to write a large 'four figure', or most likely a 'five figure' check for the balance at the purchase of your Bronco.

Note ~ I'm not endorsing this in anyway.. I was just throwing it out there as a current example.

I'm with the endorsement of the local bank or credit union if you have a relationship... I will most likely follow that avenue!

'21 OBX Wht 2-Door SAS, 2.7 w/ Lux, Htd Leather, B&O Stereo, Tow, Mod Bumper, Bash and Brush, Roof Rails
Res 7/13/20, Order 3/19, Build 12/13, Blend 12/14, Built 3/18, Ship'd 3/19... Pk'd up 4/2

Feb 03, 2022

#19

ride high
from what ive seen (usaa) 3.29 on 84 and 2.29 on 75 and as low as 1.29 on lower terms

Ive seen the same rates. There's also a small discount if your opt for auto pay.

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