Ford motor credit

[futurehomeowner?]

We are looking at buying a used ford. I wanted to apply prior to buying so we knew where we stand. Does anyone have experience with applying online? They havea credit app online but they don't mention APR ahead of time. Does anyone know what their range is for used cars and how they are with approvals.

[MarvBear]

Ford Motor Credit Corporation is an indirect lender, do not shoot yourself in the foot by applying online to an indirect dealer. In these cases the dealer sets the terms, not the indirect lender.

[futurehomeowner?]

One reason I was going to apply was they have 2.9 at 66 months on used. So to get that I would need to get the terms at the dealer?

[MarvBear]

Yes. FMCC will not tell you rate term etc. You will be referred to a dealer. I believer in the resource subsection of this forum there is a topic on direct lending and another on indirect lending. If you can't find it let me know

[futurehomeowner?]

I never noticed that section. Thanks for pointing it out. I read most of them last night.

 

I also looked at the recently approval section which was very enlightening. I think I am going to apply at PNC bank which is local to this area. They seem to run a system like cap one where they send you a blank check and their rates are 2.89 for 72 months on 2014 cars.