I recently heard that Ford is an example of bad financing, I wonder how true that is. If there is anyone out there who knows for sure, please give me the answer.
2006-10-20 04:04:51 · 10 answers · asked by lookingforanswers 1 in Cars & Transportation ➔ Buying & Selling
"recently heard that Ford is an example of bad financing"
That was in reference to Ford giving the money away. 0% financing is extremely expensive for them, and giving it away to tier 5 credit for 72 mos is absolutely asinine.
Mitsubishi had a bad time with giving money away freely to tier 5 and below customers....namely to the tune of "Frog's hair from Chapter 11 bankrupcy protection."
Ford is headed down the same path.
2006-10-20 06:12:40 · answer #1 · answered by Manny 6 · 0⤊ 0⤋
Depends on what your financing. If your going for a new Ford vehicle..then its the best place because the offer subvented interest rates (0%, 0.9%, 1.9% . . .) But when you are financing a used vehicle, then you end up with the 9%, 10% offers and going through a differnt bank is probably best. Interest rates usually depend on your credit. Ford Credit, GMAC, Chrysler Financial and all the other dealer lending centres are Banks just like any other bank. You can buy houses through them. For credit is in trouble and ford is looking to sell it, but its still a good company to deal with for NEW vehicles. Always check interest rates, and get try to get offers from more than one bank, but don't shop to many banks becaause it hurts your credit score everytime you submit an app to a bank. You become known to the buyers as a "credit seeker"
2006-10-20 05:13:56 · answer #2 · answered by mightymetis12 1 · 0⤊ 0⤋
Credit Acceptance will. They have thousands of dealers nationwide which specialize in selling overpriced cars to people with bad credit at high interest rates. Look for signs at dealerships that say "guaranteed financing" and such. Im talking about USED cars. Most likely, you wont be able to buy a new one. All that said, the smart move would be to BE RESPONSIBLE for a change and buy what you can afford with cash. If you buy a $3500 car with cash, it wont haunt you years later after it gets repoed.
2016-05-22 05:04:52 · answer #3 · answered by Anonymous · 0⤊ 0⤋
My first car was going to be a Ford Mustang... then their financing arm demanded that I bring a co-signer and 40% down since I was a first time buyer.
Went to Acura and they approved me without a co-signer and only 20% down and ended up with a much better car.
Thanks FORD!!!!!
2006-10-20 07:34:45 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I financed with them years ago and had no problem concerning the financing! It was the "JUNK" they manufacture and sell for vehicles! Brand new vehicle with 39,000 miles and the engine failed. Traded that back for another new one that couldn't keep seals in the front four wheel drive! Time to move on to a CHEVY and for 30 years NO PROBLEMS! Beware of Chrysler because they don't have parts available when you need them and have one of the worst warranty programs known to man kind from my experiences with them!
2006-10-20 04:16:56 · answer #5 · answered by Anonymous · 1⤊ 0⤋
I had no complaints. When I bought my car they gave me .09% for 4 years and I never had any problems...
2006-10-20 04:10:02 · answer #6 · answered by mlcmonkey 2 · 0⤊ 0⤋
banks are better than finance companies
2006-10-20 04:12:50 · answer #7 · answered by worldstiti 7 · 0⤊ 1⤋
Yes don't
2006-10-20 18:46:39 · answer #8 · answered by hayeslf 1 · 0⤊ 0⤋
interest rates are too high. way too high.
2006-10-20 04:06:45 · answer #9 · answered by Anonymous · 0⤊ 0⤋
F ound
O n
Roadside
Dead
ANY QUESTIONS???
2006-10-20 04:22:09 · answer #10 · answered by Anonymous · 0⤊ 2⤋