A friend is looking to buy a truck. He called me because the "incentives" right now from Ford are 2.9% @ 36months or 8.9% @ 84months. I understand supply is limited and 84 months is an extended repayment and there is typically a markup for those offers but 8.9%?! Money is still free from the fed?
My advice was to wait if possible and although I do see interest rates going up no matter what happens, once supply constraints are relieved pricing and rates should still be better than 8.9%. He is going to shop rates but that won't help with dealers wanting over MSRP. My local Ford dealer has 8 F150s, ZERO F250s, and a single F350 on the lot.
My advice was to wait if possible and although I do see interest rates going up no matter what happens, once supply constraints are relieved pricing and rates should still be better than 8.9%. He is going to shop rates but that won't help with dealers wanting over MSRP. My local Ford dealer has 8 F150s, ZERO F250s, and a single F350 on the lot.