Crunching my numbers this evening preparation to close on a truck tomorrow. Ford is playing lots of cute games with nested rebates and financing. If what the guy said this afternoon as far as rebates go is true, I should be able to capitalize on 2.9%@72mos. If he’s a lying sack of crap, then I’ll take the $2500 instead, in which I then expect them to stick me with 7-9%. I can get 3.8% from my bank, so I can get the $2500 and accept the horrible interest rate from Ford then refinance to 3.8% after closing the deal.
I’ve never taken this route so are there any fees or other I need to pay close attention to? I know to read the contract carefully for early payoff penalties, but are there any fees associated with the new loan that might offset any savings from the lower interest rate?
I’ve never taken this route so are there any fees or other I need to pay close attention to? I know to read the contract carefully for early payoff penalties, but are there any fees associated with the new loan that might offset any savings from the lower interest rate?
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