What's the average term length you're seeing at your store today compared to 2018?Average payment on a Ford Credit loan (nationally) is $1,000, first time in history.
What's the average term length you're seeing at your store today compared to 2018?Average payment on a Ford Credit loan (nationally) is $1,000, first time in history.
What's the average term length you're seeing at your store today compared to 2018?
Well maybe it is a little surprising to some of the manufacturers given they are pausing/scrapping some plans.The loss amount shouldn't be surprising given the amount of capital investment they are making....
Viral Turd signing his 94 month $1800/month payment for his new F150...
The loss amount shouldn't be surprising given the amount of capital investment they are making....
LMFAOWhich wouldn't be happening without the Green Retard mandates. The back pedaling has already started in the EU, hence all the just stop oil protests to keep the Green Retard Suicide Pact going. They can see the wall onrushing, and it ain't pretty.
Picked up the wife's new Lincoln Nautilus with the 2.7 eco. Like it.
The Nautilus looks a million times better would be my guess.They're ok. I don't think the Nautilus features anything above and beyond the Edge that would warrant the $7k price difference though. What made you choose that?
They're ok. I don't think the Nautilus features anything above and beyond the Edge that would warrant the $7k price difference though. What made you choose that?
The Nautilus looks a million times better would be my guess.
Average payment on a Ford Credit loan (nationally) is $1,000, first time in history.
I bet that number is also on a 35-40k loan lolAverage payment on a Ford Credit loan (nationally) is $1,000, first time in history.
I bet that number is also on a 35-40k loan lol
I dont think its bad then for the amount of loan financed.Actually, $53,850.
Ford Credit is a captive lender. All of their loans are done through Ford dealers, of those loans, 90% of them are on new cars. Of those loans, 90% our subvened interest rates, low APR. So like 0%, 1.9%, 2.9%, 3.9% and 4.9%.
I dont think its bad then for the amount of loan financed.
No, it's not.
Real reason it's higher than ever before, is prices are higher than ever before...and they don't have a $13-22k vehicle added into the average any more (Fiesta, Focus, EcoSport, Fusion).
Cheapest thing, besides Maverick that are unobtanium, that Ford sells is $31k.
Does Ford have any reason to build an affordable vehicle for Americans?
Yes. To achieve total sales volume leadership
Do you see that as a potential vulnerability to the domestics relative to the Asian OEM's, who are still producing "cheap" vehicles and actually make money on them? Get you in the seat of a modest vehicle when you are just starting out in life, and keep you trading up as your financial situation improves. Create a customer for life. Organically building sales is much easier and cheaper than trying to lure via a conquest.
If just seems like they might be putting too many of their eggs in one basic with a high price point. I know some analysts have specifically called that out as a long term risk, especially if there are economic downturns.