Ford Credit, yes or no.

Maxtor

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Well the saga continues...
Ford had told me that if we financed $10,000 and paid it off at the first payment, that we would get a $500 reduction in the price of the vehicle. At the time I was not sure if I really wanted to do it, but I thought.. what the heck..
Here is what happened.

We paid it off before we received a payment book, and by doing so it still cost us $92.00 for paperwork. So the $500. savings is now $408.
Also today we received the license plates and registration in the mail, and my name was misspelled, which was done at Ford Credit. Soooo now they are trying to fix the spelling before the pink slip is transferred into my name. If they do not, it will be a long battle with DMV. :cussing:
So would I go through Ford Credit again to save $408.00
Absolutely NOT.
If you have the cash,,, just pay it off and be done with it, is my advise. The $408. is not worth the aggravation.
 

atk

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i know if i had the cash when i purchased my truck, i wouldn`t of financed it. sometimes can be a big hassle, but i got the truck i always wanted....:thumbs ....
 

bushpilot

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we live by cash @ our house....never carry a credit card balance...EVER,
and i sleep much better for it (reality is i worry about lots of OTHER stuff).

we did take fords free money though...when EVER you can make more
money holding ON to your cash (w/ interest paid to you by the bank)
then thats the smart thing to do...

if i can make 4 or 5% on my 30k then why would i give it to FORD...we took
their 1% rate and kept our cash in the high yield interest account.

if we EVER got into a spot, we could dump the truck walk w/ a little
money (since were not upside down on the value) and wed STILL have
our cash (and interest).

in our house...other than the house...we dont buy anything unless
we can pay for it.

now im on a soap box...adn im not bragging...but this damm country
is in SERIOUS trouble...people took RISK <when they shouldnt> and
financed 100% (and in some cases 120%) of their home on varible
intererst rate loans...and now the payments are due and people CANT
pay the increased rate...it reminds of the dot com era when people
were borrowing on OPTIONS <future stock values>...STUPID !
 

Maxtor

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we live by cash @ our house....never carry a credit card balance...EVER,
and i sleep much better for it (reality is i worry about lots of OTHER stuff).

we did take fords free money though...when EVER you can make more
money holding ON to your cash (w/ interest paid to you by the bank)
then thats the smart thing to do...

if i can make 4 or 5% on my 30k then why would i give it to FORD...we took
their 1% rate and kept our cash in the high yield interest account.

if we EVER got into a spot, we could dump the truck walk w/ a little
money (since were not upside down on the value) and wed STILL have
our cash (and interest).

in our house...other than the house...we dont buy anything unless
we can pay for it.

now im on a soap box...adn im not bragging...but this damm country
is in SERIOUS trouble...people took RISK <when they shouldnt> and
financed 100% (and in some cases 120%) of their home on varible
intererst rate loans...and now the payments are due and people CANT
pay the increased rate...it reminds of the dot com era when people
were borrowing on OPTIONS <future stock values>...STUPID !

Yep, Bush I agree with you 100%. If we do not have the cash to buy it, we do not buy it.
 

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