Ford Follows GM's Financing Lead, but Not Entirely

Steph Willems
by Steph Willems
ford follows gms financing lead but not entirely

We told you earlier this week how the month of June brought changes to General Motors’ pandemic-era financing offers. No longer is the automaker tempting buyers with zero-percent, 84-month loans on nearly everything in its lineup.

Over at Ford, it seems the same strategy is underway… with one very notable exception. Whether or not you can actually benefit from it, however, remains a matter of location and persistence.

While the no-interest/84-month financing deal once offered on any and all remaining 2019 Ford models is gone, it’s been carried over for the 2019 F-150, CarsDirect reports.

Given the unexpectedly high number of pickups sold during the pandemic lockdown, the fact it’s June, and the little issue of the F-150 being the most popular model in the country means the likelihood of you finding a ’19 model outfitted just the way you want is slim, to say the least. It could still happen, though CarsDirect notes most dealers have sold out of their 2019 F-150 stock.

2020 F-150s current offer zero-percent financing out to 72 months, with 84-month terms seeing an interest rate of 5.9 percent, with $2,500 cash.

If you’re thinking it might be time to look at a new Ranger instead, think again. The automaker has removed zero-percent/72-month financing on 2020 Rangers and Mustangs, capping the no-interest offer at 60 months. A 6-year loan now carries 4.9 percent APR, meaning a significantly boosted monthly payment for those looking to spread the cost far and wide.

With factories cranking out vehicles again and retail buyers slowly returning to showrooms, expect more special offers to bite the dust in the weeks ahead.

[Image: Ford]

Join the conversation
  • SCE to AUX SCE to AUX on Jun 05, 2020

    I know they want to move the 2020s, but I'd think they want to move the 2019s even more by keeping the cheap financing in place for all of them.

  • S197GT S197GT on Jun 05, 2020

    Not many 2020 Ford Rangers out there. I'll be interested when they offer less financing offers and more cash incentives.

  • DenverMike DenverMike on Jun 05, 2020

    It's just another way of saying "Sorry, not on THAT truck..." or "You don't qualify". Start by demanding $25,000 OFF the "base" truck, current model, paying cash maybe, haven't decided, show me what cha got, no trade. Hey what's wrong with negotiating beyond what they're putting out there? And never pay doc fees, shipping/destination, their water bill, trash service, or other BS. Tell them where to stick it. Remind them it's not a PT Cruiser and this isn't 1999.

  • Jeff S Jeff S on Jun 05, 2020

    Like your thinking they want way too much for these. If I were getting an F-150 it would be a regular cab XL which might fit in my garage and still have a decent sized bed.