GEN 2 Current Ford Credit Interest Rate

I’m picking up my 2019 Raptor soon and I was wondering what’s the current interest rate for Raptors.

I have Tier 1 (720+) credit and I’m looking at 60 months or 72 months financing.

Thanks in advance!


2019 | Ford Performance Blue |

Do not accept more than 4.25 percent at the most. SunTrust, PNC, etc.. most have rates from 3.75 percent to 4.25 percent depending on money down and all that...

Plan on going to a third party for financing. Ford credit is not competitive right now. BofA is at 3.49%. That is who I plan to use.

Penfed

Ask Mamuy for advice on negotiating interest rates. I heard he got the big fat bone on his rate.

I got 2.24% from a local credit union in Detroit when I bought mine in April, the dealer finance department is usually pretty good at shopping around for you.

Someone mentioned to me that one could finance through Ford initially to take advantage of any incentives and/or rebates and then refinance with a third party several months later to get the lower interest rate. Would that plan hold water or is there something missing?

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The answer is, it depends. New vehicle financing rates are typically lower than used, so that banks can cash in on scenarios exactly like you describe. Yes, you may be able to get some incentives or what have you, but so far Ford Performance vehicles don’t qualify for any special stuff, I couldn’t even get vet. credit, because F/P vehicles were exempted. Of course, that was 2017, when MSRP was the “gold standard” deal. Now there’s negotiating room on Raptors.

If you put minimal money down and get say 5% financing new, you’ll probably have to come up with some cash to save on interest with what would in the future be a used vehicle loan. Keep in mind that even though the Raptor holds it’s resale value quite well, the amount that banks will loan out for it may not be as friendly as the resale value and that value depreciates very quickly in the first few months of ownership.

There is one advantage to manufacturer offered financing that nobody wants to think about. If you finance through the manufacturer and the worst happens; you get a lemon, one of the legal avenues lawyers have is they can withhold payment to Ford and put the money into an escrow account pending lawsuit outcome. If you finance with an outside institution, that option isn’t there. You still make the payments, but Ford, in this case, doesn’t get the money. Granted, this is not a big impact to the manufacturer, but when I sued another manufacturer, I would have gotten a great deal of satisfaction out of making those payments knowing they couldn’t have the money. stinkers.

Ford makes it very easy to win a suit against them, at least on paper, with their limited parts availability strategy. Pretty much everything on the Raptor is on “national back order” all the time. It’s not uncommon for what would be a simple part swap to take well in excess of the 30+ days required to qualify for a lemon lawsuit.

Regardless of who you finance with, choose a low interest rate and I’d suggest looking at a shorter term, not 72 months.
good luck.

Capital one was 2% 6 months ago, now they appear to be at 3%

Any car dealer worth its salt, can check and do all the paperwork.

Palerider said:

Someone mentioned to me that one could finance through Ford initially to take advantage of any incentives and/or rebates and then refinance with a third party several months later to get the lower interest rate. Would that plan hold water or is there something missing?

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I buy a new F150 every 2-3 years and that's how I normally do it. But there are no incentives and/or rebates on Raptors so I skipped Ford Credit this time and went directly through my credit union.