Gotta Love Ford Motor Credit!
07-10-2007, 11:10 PM
#23
4th Gear Member
Join Date: Nov 2006
Location: Now in Sunny SOCAL
Posts: 1,308
RE: Gotta Love Ford Motor Credit!
Everyone is upside down unless you put a huge down payment and didn't roll a trade in into the deal. And, in most cases your car devalued at least 20% as soon as you drove it off the lot.
ORIGINAL: Haze28
If you aren't upsidedown in your current car it would be something to look into. Not sure if it's still going on but it's worth a look. It would save you alot of money.
ORIGINAL: GOPONY2006
Wow.... When I bought my Mustang V-6 at the deal I got screwed since I had no credit. They hit me with 16.9% few weeks later I got letter in the mail they dropped it to 14.9%... Whoopie Do.. lol... After paying it for 3 months building up my credit went to My credit union got 6.99% =)
Hey are they offering 0% on the 2007 Msutangs still? Maybe I should just trade in for new one with 0% get GT this time do it right.
Wow.... When I bought my Mustang V-6 at the deal I got screwed since I had no credit. They hit me with 16.9% few weeks later I got letter in the mail they dropped it to 14.9%... Whoopie Do.. lol... After paying it for 3 months building up my credit went to My credit union got 6.99% =)
Hey are they offering 0% on the 2007 Msutangs still? Maybe I should just trade in for new one with 0% get GT this time do it right.
07-10-2007, 11:14 PM
#24
4th Gear Member
Join Date: Apr 2007
Location: S.Florida
Posts: 1,612
RE: Gotta Love Ford Motor Credit!
i would never buy a car new again, you know, unless i become uber wealthy. i'd rather pick one up with a couple thousand miles or so, let someone else take a big hit for driving it off the lot. i learned my lesson on this car.
07-11-2007, 10:02 AM
#28
Gentleman's Relish
Join Date: Feb 2005
Location: AZ
Posts: 13,090
RE: Gotta Love Ford Motor Credit!
ORIGINAL: birdoffire7
I bought my car about two weeks ago. Today I received in the mail today a nugget o' joy from the Ford Motor Credit Company. In the letter it states:
The Annual Percentage Rate (APR) on your contract was overstated. The correct Annual Percentage Rate is 3.90%
The dealership quoted me and did the paperwork at 4.9%. They've adjusted all the payments accordingly also.
Has this happened to anyone else? Geez, I hate it when things like this happen....
I bought my car about two weeks ago. Today I received in the mail today a nugget o' joy from the Ford Motor Credit Company. In the letter it states:
The Annual Percentage Rate (APR) on your contract was overstated. The correct Annual Percentage Rate is 3.90%
The dealership quoted me and did the paperwork at 4.9%. They've adjusted all the payments accordingly also.
Has this happened to anyone else? Geez, I hate it when things like this happen....
Cracks me up when people bitch that their rate went up after two week because they either 'A' overstated their income so they could show they could 'afford' the car, 'B' never bothered to check the credit and it's crappy so the dealership gets them at a lower rate to get them into the car, knowing it will probably go up, or 'C' go to a dealership and don't have enough time to take their time so they rush themselves and get screwed.
