Ford Credit 0% & $0.00 down special offer thru 12/01/03

[kimspractice]

Hi F&I guy,

 

Gotta question.....I was thinking of purchasing a new car around Feb. 2004, but I've been hearing on the radio and on TV, that Ford is now offering 0% and $0 down and rebates on their 2003 Ford Focus....is this on the up and up?

 

I have a car, 14 months perfect pay history, and I have two collections that should drop off my mid November.

 

This offer says that buyer must take delivery by 12/01/03....so that's like right up my alley......

 

Input?

[the F&I car guy]

It won't go away until the '03's go away...then they will have the same on the '04's.....

[kimspractice]

Ok, research shows that kbb value is 2975, I owe 7K, and I already have 86K miles on it....so, I'm gonna be upside down like 4K, but if I can use some rebates, etc....I may come out being upside down only by like 2K, which should not be a problem, right?

 

I wanna get rid of this car like yesterday, because of the high mileage...should I try and go for the ford focus (03) or not?

[the F&I car guy]

i can tell ya this...going in to a ford focus you are really gonna be upside down....for instance a focus sells new for $13K-$16K minus rebates...you can buy one at auction with mid 20K miles fo around $5K.......

 

the info i have is not enough to tell you if your neg equity is enough to get financed...if you really want to know fill out the credit check on the top of the forum....no real credit check req, mostly info