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Guest Message by DevFuse

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Register your Fusion Hybrid at the official Ford authorized registry here.


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Paying Off Ford Loan


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4 replies to this topic

#1 OFFLINE   smr2112

smr2112

    Fusion Hybrid Enthusiast

  • Fusion Hybrid Member
  • 510 posts
  • Region:U.S. Northeast
  • Location:Springfield, PA
  • Current Vehicle:2013 Ford Fusion Titanium Hybrid

Posted 14 August 2016 - 12:54 PM

Looking at getting a 2017 FFE.  The overall incentives and pricing are very aggressive.  One incentive is based

on taking a Ford loan - non 0.0% rate.  I had been planning to pay cash outright with my trade, but for the extra

$500 or so, I'd take the loan and pay it off ASAP.

Does anybody know for sure what restrictions there are with Ford Finance in paying off a loan?  Does it have to

be at least a few months out?  My sales guy was guessing 2-3 months, but he really didn't know.  I'd have to figure

you could pay it off at anytime as most people won't do that.  It's really just another sales tool.

 

If you are interested in anything plug-in (PHEV) or all electric like the Focus, there are alot of Ford incentives.

Plus a Federal tax credit of $4007 for the Energi and many states have rebates too.  Pennsylvania has a $2000

(cash to you!) rebate, but there are only 250 of these for 2016, but many still remain - otherwise a $1000 rebate.

Not much for the hybrids, but if you plug it in, you can get a great deal.

 

When you figure that all in and take the incentives sends directly to you.  That knows the price of the $43k Ford

Fusion Energi Platinum down $10,000+ - which is great compared to what it was a few years ago.

The sales guy, who I bought my 2013 FFH from and met with get me the full details of how pricing from Ford and

dealer incentives work.  He was amazingly honest and alot of it I knew.  He said car costs/pricing/profit is a a new

ball game over the past few year.

 


2013 FFH Hybrid Titanium 900A / Sterling Grey / Driver Assist / Park Assist / Adapt. Cruise / Moonroof / Navigation -- Took delivery 04/16/13

 

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#2 OFFLINE   jeff_h

jeff_h

    Fusion Hybrid Addict

  • Fusion Hybrid Member
  • 1,774 posts
  • Region:U.S. Southern Atlantic
  • Location:Virginia
  • Current Vehicle:Fusion Energi Titanium
  • My Hybrid's Year:2013

Posted 14 August 2016 - 12:59 PM

Does anybody know for sure what restrictions there are with Ford Finance in paying off a loan?  Does it have to

be at least a few months out?  My sales guy was guessing 2-3 months, but he really didn't know.  I'd have to figure

you could pay it off at anytime as most people won't do that.  It's really just another sales tool.

 

June 2010, we bought an Edge and got a $2,000 rebate for using Ford finance at whatever rate they offered (4.9% or 6.9% or whatever it was) - refinanced with our credit union a month later and they paid off (xfer'd) the Ford credit loan so I didn't pay any finance charge.

 

I specifically asked the finance guy during the purchase if I could pay it off right away and he said there were no restrictions (so we did), so be sure to ask your finance rep during your purchase to make sure the conditions haven't changed.


2013 Fusion Titanium Energi Deep Impact Blue

 

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#3 OFFLINE   smr2112

smr2112

    Fusion Hybrid Enthusiast

  • Fusion Hybrid Member
  • 510 posts
  • Region:U.S. Northeast
  • Location:Springfield, PA
  • Current Vehicle:2013 Ford Fusion Titanium Hybrid

Posted 14 August 2016 - 01:06 PM

Thanks and that's what I'd assume.  He told me the finance guy would be the one to ask and would explain it all.

I can't figure there is any ethical loan on the planet that can't be paid off at any time without penalty.  I did say "ethical loan".

 

The seats in the new Platinum Fusion are very nice, if you can live with the light color material.  Looks nice,

feels great, but will it stay that way?


2013 FFH Hybrid Titanium 900A / Sterling Grey / Driver Assist / Park Assist / Adapt. Cruise / Moonroof / Navigation -- Took delivery 04/16/13

 

194152.png

 

 

 


#4 OFFLINE   hermans

hermans

    Fusion Hybrid Addict

  • Fusion Hybrid Member
  • 1,341 posts
  • Region:Decline
  • Location:USA
  • Current Vehicle:2015 MKC - 2013 MKZh
  • My Hybrid's Year:2013

Posted 14 August 2016 - 06:35 PM

I paid off the loan on my MKC  in 3 months and there was no penalty.


2016 Edge Titanium

2015 Lincoln MKC

2013 MKZ Hybrid

 

"Your comment is in no way productive. Why don't you find something productive to say?" - hybridbear

 


#5 OFFLINE   md13ffhguy

md13ffhguy

    Fusion Hybrid Enthusiast

  • Fusion Hybrid Member
  • 706 posts
  • Region:U.S. Northeast
  • Location:MD
  • Current Vehicle:Fusion SE Hybrid
  • My Hybrid's Year:2013

Posted 14 August 2016 - 09:17 PM

It's not what the finance guy tells you... it's what your contract states. Make sure it specifically includes language that says there is no penalty for prepayment.
  • jeff_h likes this

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