Ford Credit Aims to Curb Markups on the F-150 Lightning

Dodob

New member
May 16, 2022
2
2
WA
Good article, thanks for the link.

I appreciate Ford's attempt to curb the markups, but it's pretty feeble. They've got more powerful tools at their disposal, if they really wanted to put the foot down. (For example, Subaru was successful in "persuading" their dealers to enter sale orders at MSRP). As the article suggested, the FMC program announcement is more of a shoutout to customers to exercise their common sense and not to pay crazy sh** prices that dealers will undoubtedly conjure up. This isn't going to stop a bunch of people of plunking down the cash (esp those who've got tons of it) and dealers from pocketing it up. For the rest of us, there is no choice, but to wait them out. I for one, can get about 2% APR for 72 month from my CU - which alone would come out to $75 less per monthly payment, or $5400 over the life of the loan (assuming 55K loan for 72 month and using 4.9% for comparison).
 
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PeterF

PeterF

Member
Jan 13, 2022
84
69
Madison, WI
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Yes. I can also get way better financing at our CU. Just happy that my dealer has no mark up.
 

Whitetiburon

Member
Jul 11, 2021
50
27
93030
Please share your credit unions so we can all try to apply with them if possible. Lowest my cerdit union gives me is 3.29% at 72 months. That's advertised.
 

Dodob

New member
May 16, 2022
2
2
WA
Looks like rates went up across the board since last time I looked and are closer to 3.29% months that you mentioned.

Here are my credit unions rates (for excellent credit):
BECU: 3.49% for 72 months
Patelco: 2.99% for 72 months, 3.49% for 84 months (Patelco also covers 140% financing - should be enough to cover them markups :)).
 

frunk

Well-known member
Jun 11, 2021
948
315
77318
I tryed that with my CU and the interest went up a lot. They said it was now a used car. one day old
 

Whitetiburon

Member
Jul 11, 2021
50
27
93030
Good article, thanks for the link.

I appreciate Ford's attempt to curb the markups, but it's pretty feeble. They've got more powerful tools at their disposal, if they really wanted to put the foot down. (For example, Subaru was successful in "persuading" their dealers to enter sale orders at MSRP). As the article suggested, the FMC program announcement is more of a shoutout to customers to exercise their common sense and not to pay crazy sh** prices that dealers will undoubtedly conjure up. This isn't going to stop a bunch of people of plunking down the cash (esp those who've got tons of it) and dealers from pocketing it up. For the rest of us, there is no choice, but to wait them out. I for one, can get about 2% APR for 72 month from my CU - which alone would come out to $75 less per monthly payment, or $5400 over the life of the loan (assuming 55K loan for 72 month and using 4.9% for comparison).
Please share your CU. That is a great rate
 
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