Looking to buy a ford escape-would a credit place like citifinancial offer a better rate or would Ford motor credit?
2007-08-31 11:07:48 · 2 answers · asked by K T 2 in Cars & Transportation ➔ Buying & Selling
On a brand new vehicle, auto manufacturers usually offer incentives, such as low finance interest rates or rebates.
Most banks & credit unions cannot compete with the manufacturer subsidized interest rates.
Even on "Ford Certified Pre-Owned" Escapes , Ford Motor Credit offers finance rates as low as 4.9% X 60 months.
If your previous credit history is not so good, you may want to CHECK with your bank or credit union to see what interest rate they would charge you. If that rate is less than what FMCC will give you then you can take the rebate alternative from Ford AND the lower interest rate from your lender.
But as a general rule of thumb, you should check with your lender, but do not commit to a loan untill AFTER you find out what the dealer has to offer.
2007-09-02 00:39:10 · answer #1 · answered by Vicky 7 · 1⤊ 0⤋
Absolutely not........(2008 Ford Escape) Ford has 4.9% for 60-months.....6.9% for 72-months. Citifinancial will not be able to compete with this.
2007-09-01 14:54:35 · answer #2 · answered by hercimur 2 · 0⤊ 0⤋