Question about purchasing vehicles at 0% financing

[uracowman]

Hey guys.

I could use some advice on this matter from someone who has purchased a vehicle at 0% financing. I am currently in the market for a Ford F150 and needed some advice on this matter because the stipulation jargon is a bit confusing.

Let's say there is an F150 and the MSRP is $39,000, but the dealer lists the vehicle at $27,500 for their internet price. Am I able to walk in and purchase it while taking advantage of Ford's 0% finance rate, or are some of the rebates voided out? The reason why I ask is because in the fine print, there are some weird requirements and cash back bonuses that can't be used.

 

[Quigley77]

Re: Question about purchasing vehicles at 0% financing

I doubt it, beware the fine print!

 

[SSG3K]

Re: Question about purchasing vehicles at 0% financing

Typically its 0% and no cash back or rebate. Also you mudt qualify with 760 or 780 credit score. If you are buying a car for cash obviously rebate is the best idea.

My wife and i combined have bought or leased 20 cars over the last 12 years. Ultimately the dealer can give you a better deal if he likes you. We just picked up our new mercedes today, we got a great deal on a 2012 e350 close to 10k off, just couldnt say no.

Fine print means a1 credit rating. Dont be afraid to just walk out and call the sales man an asshole.

Also find the guy with the most awards on his desk, thats tbe guy u need to talk to.

Rich

 

[ORD]

Re: Question about purchasing vehicles at 0% financing

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: SSG3K</div><div class="ubbcode-body">Typically its 0% and no cash back or rebate. Also you mudt qualify with 760 or 780 credit score. If you are buying a car for cash obviously rebate is the best idea.

My wife and i combined have bought or leased 20 cars over the last 12 years. Ultimately the dealer can give you a better deal if he likes you. We just picked up our new mercedes today, we got a great deal on a 2012 e350 close to 10k off, just couldnt say no.

Fine print means a1 credit rating. Dont be afraid to just walk out and call the sales man an asshole.

Also find the guy with the most awards on his desk, thats tbe guy u need to talk to.

Rich </div></div>

+1 on the above. Usually between 0% financing and cash-back/rebates/etc. offers, you pick one and NOT both, but it does happen on some occasions that you can "stack" or combine various offers.

I have had it happen where the special, uber-discounted internet price included every conceivable discount known to mankind even in cases where the dealer knew (or damn well should have known) that the offers were not stackable and that no one human being could possibly qualify for them all. Devil's always in the details...false advertising or not!!

Talk is cheap so just see what you can find out from the sales guy like Rich mentioned above and make your own judgment as to whether it is fair or whether to call the saleman an asshole and walk out the door. You are in Houston so it isn't as if you can't try another Ford dealership if the one in question is out of line.

Good luck, brother!

 

[EddieNFL]

Re: Question about purchasing vehicles at 0% financing

Good advice from SSG.

We stopped financing cars years ago. I'll do some research and hit the dealerships. I don't dicker or play the "let me check with the manager" game. No maintenance plans, no extended warranties. I've had more than one salesperson follow me to my truck and watch as I drove off. With one exception, all have called me within an hour. A couple manager to make a deal.

 

[txgw]

Re: Question about purchasing vehicles at 0% financing

Cash is always 0%. If I can't pay for it I don't buy it personally. I know it's not really what you asked but when you pay for it outright then you don't have to worry about it.

 

[Shooter McGavin]

Re: Question about purchasing vehicles at 0% financing

I purchased a Dodge Challenger last year for 0 down 0% financing. I had the money to purchased the car, but decided that I would take their offer. To me it made no sense to purchased a car flat out when they were financing it for free and I knew I could make the future payments with money that has devalued. Also, with Q3 to come the dollar will devalue even more. I used the money that I didn't spend on the car and purchased land.

So, I believe I was able to make an investment, land, that my family can enjoy now and sell later for a profit. Also, I got a Costco price for my car that I am paying off with dollars that are worth less then they were when we agreed on the price of the car. Seemed like a win for me.