I’m new to this forum and trying to figure out the best way to get my Bronco ordered. Hoping for delivery by mid-June, but man, Ford’s finance rates are rough. Are there times when they usually offer better deals or incentives?
I can go through my credit union, where I also have my mortgage, but even their rates are around 6%.
I know the days of zero-percent deals are long gone, but paying 6% on 60k makes me hesitate.
Right now, they’ve got zero-percent financing on a lot of the EVs, and there’s a ton of inventory. Ford Credit might lower rates soon to move all the 2024 models sitting on lots. If you’re okay with one off the lot instead of ordering, you might see better rates.
@Ocean
Wait, what do you mean by EVs?
Tyson said:
@Ocean
Wait, what do you mean by EVs?
Electric vehicles like the Lightning and Mach-E.
Tyson said:
@Ocean
Wait, what do you mean by EVs?
Electric vehicles like the Lightning and Mach-E.
But isn’t this a Bronco forum?
Ocean said:
Tyson said:
@Ocean
Wait, what do you mean by EVs?
Electric vehicles like the Lightning and Mach-E.
But isn’t this a Bronco forum?
Yeah, but the person asking was talking about Ford financing in general. I just used EVs as an example because they’re offering zero-percent financing on them. The same logic might apply to Broncos soon since a lot of 2024 models are piling up. If Ford wants to clear inventory, they might drop rates for those too. But it’s more likely for one already on a lot than an ordered one.
@Ocean
I’m in Canada, and Ford’s already offering 0% financing on F-150s, Broncos, and Bronco Sports here. I got mine with 0% interest. Maybe they’re not as popular here as in the US.
Check this link: https://www.ford.ca/offers/?pos=kba&lang=en
Last summer, Bronco prices didn’t budge, but I’ve noticed online that prices are starting to drop now. There are so many 2024s sitting on lots, so lower rates might be on the way.
@Ocean
Alright, fair enough. I see your point now.
Just wait it out! Over 20,000 Broncos are sitting on lots right now. Ford’s bound to make a move soon.
Denver said:
Just wait it out! Over 20,000 Broncos are sitting on lots right now. Ford’s bound to make a move soon.
Yeah, I’m fine with waiting, especially since I don’t plan to buy until it’s warmer out. My only concern is that I want specific trims and options, so I’m not sure I’ll find what I want locally without ordering.
I work as a finance manager at a Ford dealership. Honestly, you probably won’t see any special rates for the Bronco. The dealership might match or beat your credit union’s rate, but that’s about it.
Lena said:
I work as a finance manager at a Ford dealership. Honestly, you probably won’t see any special rates for the Bronco. The dealership might match or beat your credit union’s rate, but that’s about it.
Thanks for the insight. I think I can live with around 5%, which is probably the best my credit union can do. Good to know there’s no point in waiting for something better.
Ford only offers incentives when a car isn’t selling well or if there’s too much inventory. Instead of lowering the price, they reduce the interest rate to avoid devaluing the car. Right now, rates are high because the Fed rates are high and will probably stay that way for a while. You might get a discounted Bronco, but rate incentives are less likely. You could always make a bigger down payment or look at cheaper cars too.
Ford’s site shows 5.9% for 60 months. I think they’re offering 4.8% for 48 months, but I’m not sure if dealers will match that.
Best thing you can do is shop around. Rates are bad everywhere right now.
Doesn’t Ford have a 2.9% option for 36 months?
Giovanni said:
Doesn’t Ford have a 2.9% option for 36 months?
Yeah, but the monthly payments would be like $2,000, and that’s just not realistic.
Giovanni said:
Doesn’t Ford have a 2.9% option for 36 months?
Yeah, but the monthly payments would be like $2,000, and that’s just not realistic.
Exactly! Those short-term deals are only good for people who could pay in cash but want to keep their money invested somewhere else making more than 2.9%.
@Jeremiah
For an $800 monthly payment (the average these days), 36 months at 2.9% would cover about $30,000. So you’d need to put about 50% down to make it work for a Bronco.