Me and wife was approved by with scores in the high 600's.Wasnt really to happy with the apr of 16.90% but the guy said that is because we never had a loan before just cc..I was just wondering should i transfer this balance or should i keep the loan open..Also how is this company do they mess up alot? Thanx
WAY TOO HIGH...but I haven't had a car loan either... BT it away if you can... Do you have BofA...PRIME + 0.00% (4.75%) FIXED on BT!!!
I had no real credit history when I applied for Ford Credit in September 2000. My total credit history were around 1 year old and I had only one or two credit cards on it (approx $5000 limit total). I did not have any previous loans. I also could only apply in my name because my wife had a bankruptcy a few years back. My annual household income were around $35,000. Anyhow, I got a 5-year loan for $18,000 @ 5.99%. What they offered you seem to be way too high.
Too high, I just got approved 2 weeks ago, for a 02 Mustang Conv, $22k finance, 3.9% APR, w/ BK7 9/01. Ford said if I took the rebate, I'd get 15-17% APR, but if I didnt take it, I'd get the low finance rate.. Something seems funny, my scores were barely 600. Arthur
We bought a 1997 Mercury Mountaineer with 69,500 miles for $12,999..We also got a extended warrenty for $1,070.00..Then add taxes and registry fee's..Gave them a $4,500 down payment.,And a $1,200 trade in..So i financed $8,278.95 @ 16.90% for 35 payments of $294.82.....Right now i am out of work so we make around 28k..They didnt use experian report so it was one of the other 2..Between the both of us we are 23k in debt.So maybe that is why..
Re: Ford Credit Approved! Ohh Boy Well buying a car is really a nightmare..We picked the car up Saturday.,And had to go to the garage Monday..It was shaking at 45 only when accelarating to hold speed and engine made a noise..Remedies bring it in Thursday./Was told to drive with o/d off and that engine noise was a hose or so he thought..Ok took the kids and went to fathers house on Wendsday./On the way home a new noise in the front tire area.Went to gagrage that night to tell them so they will know for Thursday.Ok guy took a spin and said it is unfit for the road.Thursday night still know nothing! This is going to be fun
Re: Ford Credit Approved! Ohh Boy In COLORADO there are INDEPENDANT people who check out used cars for sale...they do this for a fee...but have no vested interest in selling you anything...because they make NO repairs of any kind... All they do is inspect the car/truck "TOP TO BOTTOM" and tell you what's wrong...and if they think it is good enough for you to buy.
Re: Ford Credit Approved! Ohh Boy Your interest rate is WAY out of line. And it sounds like you got a lemon. Did you buy from a Ford Dealer? Get out of this deal. Threaten them with the bbb. If it's a ford dealer, call ford. You are getting screwed six ways from sunday on this deal. If you're fico score is over 620, you should not be paying over 10%. Shop around.
Re: Ford Credit Approved! Ohh Boy Yes it is a ford dealer..I am talking to a lawyer Monday about this..They are saying we should have the truck Tuesday..They flushed the tranny and put it on the computer.They are waiting for a part (Exhaust Manifold) to come in.,And said the Stabilizer link came lose..Someone told me to talk to a lawyer because they are not suppose to let a vehicle go that is not fit for the road.He said they may offer some kind of a deal to keep it quiet.,So off to the lawyers.
Re: Ford Credit Approved! Ohh Boy More than likely, the F & I guy sold your loan for ~10% and pocketed the difference. If possible, you should arrange financing with a CU or bank before you buy a car. Be willing to walk away if you think they are jacking the rate up on you. Lotta slimeballs in that biz.
Re: Ford Credit Approved! Ohh Boy Ford is a rip off, they rip my brother off so bad my Dad paid the loan and let my brother paid him back.My Day do not like paying are bills but they was riping my brother off bad.
