Ford Motor Credit - Current Pre-Owned/Certified Rates?

jcwang — Wed, 18 Oct 2023 17:21:41 GMT

Hey all, FMC doesn't publish their rates so looking for any recent experiences on pre-owned/certified rates that Ford Motor Credit are currently offering given the rate environment we're experiencing.

I know Ford is very relationship based (we have a Navigator financed through Lincoln Automotive - does that count?) and don't believe I'll have any issue qualifying but wanted to level set my own expectations from a cost of borrowing standpoint. There's a fairly wide delta in my scores currently (not sure why, maybe just timing) but I'm at 702EX, 791EQ and 784TU via FICO Score 8. Individual income is around $165k, HH income around $300k.

Appreciate any insight/recent experiences you're able to share - thanks!

Re: Ford Motor Credit - Current Pre-Owned/Certified Rates?

jdmull — Mon, 30 Oct 2023 13:38:48 GMT

I just wrote a loan with FMC and did some rate checking through the dealer on new and used vehicles. When we looked at some used vehicles, at least at my DTI and credit score. Rates were 11% plus, I ended up going with a new vehicle that the dealer was able to buy down the rate to 6.90%. My credit is in recovery, and they pulled EXP at 592 for me.

topic Re: Ford Motor Credit - Current Pre-Owned/Certified Rates? in Auto Loans

Ford Motor Credit - Current Pre-Owned/Certified Rates?

Re: Ford Motor Credit - Current Pre-Owned/Certified Rates?