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  1. #1
    excessive use of poop-mod Scoopons's Avatar
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    Ad Ford - 0% Financing up to 72 Months

    "Hurt by falling U.S. sales, Ford Motor Company said Wednesday it is offering a zero percent financing program that will be available to people who have less-than-perfect credit.

    The program, which offers payment periods up to 72-months, starts Thursday and will run until Sept. 5, said Ford spokesman Jim Cain."

    - CNN Article

  2. #2
    L9 Spoofeed Member groove1's Avatar
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    This might be worth looking into. I may be able to afford payments on a Focus.

  3. #3
    L4 Interested Member JoshMcMadMac's Avatar
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    Also be aware that the 0% financing has some nasty fine print that still charges $13.89/$1000/month, and you also cannot use any other incentives, discounts, etc. with this financing.
    Last edited by Choochoojr; 08-24-2006 at 04:18 PM.

  4. #4
    Watching from afar Choochoojr's Avatar
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    Please lets keep the discussion about the deal posted only, not about who/what is better and why.

    Any other off topic ranting will be deleted. :(

  5. #5
    howdy y'all sensei's Avatar
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    Lets see if this version of my post will make it past the censors...

    This is not a good deal because you will still pay more for gas, maintenance and repair on a Ford at 0% than you will on another more reliable car at a slightly higher interest rate.

  6. #6
    Watching from afar Choochoojr's Avatar
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    Quote Originally Posted by sensei
    Lets see if this version of my post will make it past the censors...

    This is not a good deal because you will still pay more for gas, maintenance and repair on a Ford at 0% than you will on another more reliable car at a slightly higher interest rate.
    It has nothing to do with censoring anything. This deal is either something you want to use or something you don't. If you don't want to take advantage of it, then move on. No reason to try to persuade people into whatever it is you or anyone else believe. People that come to this site are mainly adults with their own minds, they know what they want and don't want. I know they do not want someone telling them why they should not take advantage of a certain deal. If someone wants a buy a Ford product, what concern is it of anyone elses but the person purchasing it.

  7. #7
    L9 Spoofeed Member groove1's Avatar
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    Quote Originally Posted by sensei
    Lets see if this version of my post will make it past the censors...

    This is not a good deal because you will still pay more for gas, maintenance and repair on a Ford at 0% than you will on another more reliable car at a slightly higher interest rate.
    Agreed. And they won't let you use it for Xplan/employee pricing either. However, if you have less than perfect credit, it might be something to look at for you.

  8. #8
    L6 Experienced Member jrdnjstn's Avatar
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    I agree too.

    I have had a few Fords and just like any auto brand you may get one with problems and you may get one without.

    0% interest is excellent for people with less then perfect credit. I know when I used to have bad credit I had gotten a Ford and I was paying 18% interest because of my credit. So it seems good just make sure the salesman doesn't tack that extra money somewhere's else.

  9. #9
    howdy y'all sensei's Avatar
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    Quote Originally Posted by Choochoojr
    People that come to this site are mainly adults with their own minds, they know what they want and don't want. I know they do not want someone telling them why they should not take advantage of a certain deal. If someone wants a buy a Ford product, what concern is it of anyone elses but the person purchasing it.

    No Chooch, this is a community forum where discussion occurs. Look up in the title bar at the top of your browser.

    "Discuss Coupons, Deals, and More" :lightbulb

  10. #10
    Watching from afar Choochoojr's Avatar
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    Quote Originally Posted by sensei
    No Chooch, this is a community forum where discussion occurs. Look up in the title bar at the top of your browser.

    "Discuss Coupons, Deals, and More" :lightbulb
    But these discussions need to be had in the off topic section, not the hot deals section. That is what that section is for, so feel free to post your rantings there.

    Hot Deals
    "Discuss any questions you have on the deals posted on Spoofee.com. If you have a hot deal to share, this is the place. You cannot post referral links." :lightbulb :look:

  11. #11
    L4 Interested Member JoshMcMadMac's Avatar
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    Well, although I can see the reasoning for cleaning up this thread, I had legitimate input on the deal itself:

    With the 0% financing, you cannot get any other rebates, discounts, or incentives. Also, there is an additional $13.89/month/$1000. This is all fine print in the deal.

    I don't know how that is off topic, or why it should be deleted. Let's throttle back on the ol' censor-stick, eh?

  12. #12
    L1 Semi-Newbie NLHawk360's Avatar
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    From someone who understands financing...

    Quote Originally Posted by JoshMcMadMac
    Well, although I can see the reasoning for cleaning up this thread, I had legitimate input on the deal itself:

    With the 0% financing, you cannot get any other rebates, discounts, or incentives. Also, there is an additional $13.89/month/$1000. This is all fine print in the deal.

    I don't know how that is off topic, or why it should be deleted. Let's throttle back on the ol' censor-stick, eh?
    Does anybody in this thread understand financing? There is NOT an additional $13.89 per $1000 financed, that is your MONTHLY PAYMENT per 1000 financed. With no interest charges, your monthly payment is simply $xx,xxxx / 72 = your payment. With each $1000 you finance, you pay 1000 / 72 = $13.8888 (rounded up to $13.89).

    And FYI, this is a great deal if you work your cards right. For example, on a $25,000 car financed for 72 months, assuming you have excellent credit rating and are able to get a 6% interest for 72 months which would be outstanding, your monthly payment would be $414.32 and you would have paid $4,831.23 in interest charges . If you had 0% interest, your payment would be $347.22 and of course paying no interest. That's a savings of $67.10 a month. Which multiplied by 6 years ends up being a lot of dough. (Note I didn't figure Tax or other license,registration fees in this number).

    Now, of course you may say that you do not get rebates with this. That is true. But unless the rebates are greater than $4,831.23 then you are still better off with this method. This of course assumes the fact that you would be making all 72 payments as scheduled, and don't have a ton of money to just appear out of nowhere to make extra payments with. In addition, although you may not get rebates, MOST dealers if you push them hard enough will give you Invoice price on the car. It doesn't matter to them that you are financing at 0% for 72 through Ford. Go in and ask to see the car's invoice, and if it's not a high demand low availability car you will probably get your wish. As a side note, to help arrive at that invoice price I would suggest when you are negotiating the deal that you do not mention anything about going with the 0% for 72 mo because they may be more willing to give you that invoice price if they can sell your loan to a local bank, etc. and make a little money in the Financing department by getting you to finance through one of their banks. I know how this works as I used to sell new cars unfortunately.

    So assuming you save all that interest, plus are savvy enough to negotiate a car at invoice, you got one heck of a deal on your hands...and coupled with their extended powertrain warranty which is now standard free of charge on their vehicles (I believe 5yr 60K miles now on 2006's) it's an even better deal.

  13. #13
    howdy y'all sensei's Avatar
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    Quote Originally Posted by Choochoojr
    But these discussions need to be had in the off topic section, not the hot deals section. That is what that section is for, so feel free to post your rantings there.
    Who's ranting? Like JoshMcMadMac, I simply stated this wasn't that good of a deal, and stated the reasons why I felt this way.

    Quote Originally Posted by Choochoojr
    Hot Deals
    "Discuss any questions you have on the deals posted on Spoofee.com. If you have a hot deal to share, this is the place. You cannot post referral links." :lightbulb :look:
    Should I have rephrased my statement:

    "Do you think this is a good deal because you will still pay more for gas, maintenance and repair on a Ford at 0% than you will on another more reliable car at a slightly higher interest rate?"



    You know, the thing that sets spoofee apart from the bazillion other sites like it, is the interaction in the forums. I agree things like the guy who was saying "Ford supports Gay Marriage" don't belong but let's not wrench down too tight...

  14. #14
    Remember Me? Rockstar's Avatar
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    OK guys, ChooChoo is a great guy and a great mod and he has been doing a good job for the entire time I have been here (1.5 years?), so I think we should all let him do his moderating as he feels appropriate... Moving on, I actually have a question... Is this ONLY restricted to ford models, or is it with the Ford Motor Companies' sister brands as well (e.g. mazda, land rover,etc. see ford website)??

    __________________________________________________ ______________

    Update: NVM, I answered my own question. Only the Ford Brand and no other affiliates...

  15. #15
    L4 Interested Member crazyneighbor's Avatar
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    We are taking advantage of this deal. We have a used car financed at ...*sigh* 18%... which we financed as a credit builder. For slightly more per month we can finance a new car and all of our funds will go toward principle. Even if the payment is higher, I feel a little better about it. PLUS this offer is available on the Hybrid Escape which can get you a tax refund of around 1650.00. (As well as being vaguely more environmentally friendly than the regular Escape)

    Regardless of how you feel about Ford quality or emissions, this is an excellent opportunity for those who have less then perfect, even bad credit, to purchase a brand new vehicle with a monthly payment comparable to what they might otherwise pay for a used vehicle with high interest.

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