Ford says they will have incentives on the 2005's...

usa1

Member

Feb 14, 2003

125

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16

Apr 19, 2004

#1

• Apr 19, 2004

• #1

Amazing that they feel they need to do this right from the start. You'd think they would wait at least 6 months to a year.

Click here

Mark

 

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Z28x

New Member

Sep 19, 2003

644

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Albany NY

Apr 19, 2004

#2

• Apr 19, 2004

• #2

Consumers have come to expect rebates so much now that they won't buy a car with out them.

 

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sajawebb

New Member

Apr 4, 2004

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Apr 19, 2004

#3

• Apr 19, 2004

• #3

very interesting...but my plan is paying 30,000 in cash.

 

holler

Founding Member

Dec 5, 2000

332

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Chicago

Apr 19, 2004

#4

• Apr 19, 2004

• #4

Z28x said:

Consumers have come to expect rebates so much now that they won't buy a car with out them.

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yup, raise the price 500 and then rebate it for 500. great marketing tactic.

 

PimpDaddyGT

Founding Member

Jul 3, 2002

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Everett, WA

Apr 20, 2004

#5

• Apr 20, 2004

• #5

That's great news. I'll probably be on board in '06 and hope they still have it rolling by then as I will most likely be financing most of this car. Can't pay cash for ALL my toys.

Eric

 

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new2dagame

New Member

Apr 14, 2004

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Apr 20, 2004

#6

• Apr 20, 2004

• #6

yay incentives all the article mentions is the possibility of a financing incentive, I plan to pay cash if I get one so that still doesn't help me out at all I need some rebates!

 

usa1

Member

Feb 14, 2003

125

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16

Apr 20, 2004

#7

• Apr 20, 2004

• #7

new2dagame said:

yay incentives all the article mentions is the possibility of a financing incentive, I plan to pay cash if I get one so that still doesn't help me out at all I need some rebates!

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Why pay cash if you can finance it? Put your cash in the bank and make some money on it while you pay the car off. This of course assumes you can get a return greater than whatever interest rate Ford will offer.

Mark

 

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Yellow99Saleen

New Member

Apr 23, 2003

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Atlanta

Apr 20, 2004

#8

• Apr 20, 2004

• #8

I personally have 2 stangs that I paid both in cash immediately. My mother did the same on her used 5.0 as well. I believe that if you can pay in cash you will always save money in the long run over financing. Unless you get 0% financing which most americans will not qualify, especially young ones like me. Now that my financial situation is not as good as it once was, I believe I will be financing whatever i can't pay off in cash on my 04cobra/05gt.

But almost everyone I know that has financed has gotten screwed over in some way or another. Its just hard to trust dealers in my mind.

 

robray89lx

Founding Member

Jan 27, 2002

281

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Dallas

May 9, 2004

#9

• May 9, 2004

• #9

Don't finance through the dealer if it can be avoided. In my experience you always get a better rate through a credit union or a bank if your credit is not FUBAR. The dealership will flat out lie to you about the best rate you qualify for.

 

2005 GT

New Member

Jan 4, 2004

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May 9, 2004

#10

• May 9, 2004

• #10

jeez people the point is that if you can get some good financing like 2.xx% it's better to finance and take that $30G and do something smart with it. assuming you know how to invest, you can easily make more than 2.xx% over the next 4-5 years.

 

StevenGT-02

Founding Member

Mar 5, 2002

322

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Long Island, NY

May 11, 2004

#11

• May 11, 2004

• #11

Keep the 20k in the bank and put 10k down, what if something happend and you need the cash? you would have to sell the car to raise money. If you can get cheap % rate finance it and take that 20k and invest it in some safe stocks... its a win win situation. This all means nothing if you are loaded and have 500k in the bank and work just for the fun of it.. just my .02

 

DRF

New Member

Apr 19, 2004

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SC

May 11, 2004

#12

• May 11, 2004

• #12

I have nothing but praise for Ford Motor Credit. They offered a great rate and you can actually speak to a "real live person" if you have any questions. The 05 will be my 3rd Mustang financed with them and I have no complaints. Just my .02 worth.