What is a Ford No Interest Car Loan
From time to time, Ford or Ford credit will offer a number of inducements to attract sales of cars and trucks.
These inducements will either be done at a national level, or with local dealerships, or a combination of both.
They may be done on specific models they are trying to shift, or a certain new models they are trying to promote. Certain dealerships may need to move inventory quickly, and may offer inducements on selected models accordingly.
One of the most popular inducements for fairly obvious reasons swear a zero rate of interest is advertised as being potentially possible to certain customers. Sometimes this is done to customers who are known as pre-approved.
This normally means they have selected for approval for Ford credit prior to actually agreeing any type of deal regarding car finance. Other times a zero rate also loan will be tied to certain vehicles or cars.
Sometimes these zero rate car loan due science are offered at specific times of the year, again as a way of boosting sales.
Ford No Interest Car Loan
What is important to realise with all these no interest: loan offers is that whilst they are perfectly genuine, they are in reality only going to apply to a relatively small number of people, normally those who have an exceptionally high credit score.
What it also means is that it acts as a pull for other customers. This means that Ford assume that a significant number of customers, or potential customers will get in touch or show an interest in the possibility of a no interest car loan, and whilst it will not apply to all of them it will generate a call of interest that Ford can draw on to sell or lease other cars and trucks.
It is worth also mentioning that with a Ford and interest car loan it is important to check out that there are no hidden extras anywhere that may be making up for Ford’s supposedly generous offer.
This means to check the size of a down payment required, and make sure there are no dealership fees that will significantly impact the customer. Any additional costs or charges should be specified in the dealership agreement, and as such clearly spelt out in advance of any finance or lease agreement being signed.