ShelbyDude Posted June 29, 2007 Report Share Posted June 29, 2007 I just checked and FORD did include the limited special promotion being offered on the Shelby GT and the GT500. Good on 2007 models only! Offer runs from June 28th thru July 9th. 0% Financing for 36 months for qualified buyers. I don't know if this is some kind of mistake in Ford's system or what, but this is what Ford's system is showing. There are no other offers available. Just the 0% for 36 months! I have two Shelby GT's for MSRP if anyone is interested in taking advantage of this! I have two SGT's available. Cars are located in Central Illinois. PM me if interested. Black with manual and White with automatic. White: # 1215 Mustang GT Premium Dark Charcoal Leather Automatic Trans Interior Upgrade Active Anti Theft SIRUS SAT. Radio GT Upfitters PKG MSRP $31,285 + $7,390 SAI (dealer's NET cost) + $1,000 GGT = $39,675 Total MSRP! BLACK: # 1160 Mustang GT Premium Dark Charcoal Leather Manual Trans Interior Upgrade Active Anti Theft SIRIUS SAT. Radio GT Upfitters PKG MSRP $30,740 + $7,390 SAI (Dealer's NET cost) + $1,000 GGT = $39,130 Total MSRP! Link to comment Share on other sites More sharing options...
joshua484 Posted June 29, 2007 Report Share Posted June 29, 2007 Nice! That is rare that the Shelby GT's and GT500's have 0% financing! Weird, but cool! Link to comment Share on other sites More sharing options...
chuckstang Posted June 29, 2007 Report Share Posted June 29, 2007 But what does it go up to after the 3 years runs out? Arnt these just tricks to get you hooked in a buy a new car! ahaha Link to comment Share on other sites More sharing options...
Mach4.6 Posted June 29, 2007 Report Share Posted June 29, 2007 But what does it go up to after the 3 years runs out?Arnt these just tricks to get you hooked in a buy a new car! ahaha After 3 years you will own it, or you will have to refi I just heard a Galpin commercial on the Radio, they said 0% on the GT500 also. Paul Link to comment Share on other sites More sharing options...
KCMO-GT500 Posted June 29, 2007 Report Share Posted June 29, 2007 But what does it go up to after the 3 years runs out?Arnt these just tricks to get you hooked in a buy a new car! ahaha Chuck when a % rate is quoted for three years, that means that the loan is for three years and is paid off at the end. Unless you have a large down payment, that is gonna be a huge monthly payment, even at 0%. Even with no adm, a shelby would have about a $1300/month payment. Ouch! Link to comment Share on other sites More sharing options...
joshua484 Posted June 29, 2007 Report Share Posted June 29, 2007 I wonder, Do you think the 0% Financing could include the $5,000 - $10,000 ADM's also? IF SO....COUNT ME IN!!! SIGN ME UP!!! J/K I already have one of course. Link to comment Share on other sites More sharing options...
EmpireStateGT500 Posted June 29, 2007 Report Share Posted June 29, 2007 It's 0% financing the entire amount of the cost of the car. If there is an ADM that is included. Link to comment Share on other sites More sharing options...
ShelbyDude Posted June 29, 2007 Author Report Share Posted June 29, 2007 If you are super strong credit wise and income wise they you may be able to finance a chunk of the ADM. As a rule they usually will finance up to 120% of invoice. So if invoice is say, $42,000 then you could finance $50,400 and anything over that would have to be put down as your down payment. For cash buyers it is a great offer because they could just leave their cash in the bank earning interest and use Ford Credit's cash for free! Link to comment Share on other sites More sharing options...
ShelbyDude Posted June 29, 2007 Author Report Share Posted June 29, 2007 But what does it go up to after the 3 years runs out?Arnt these just tricks to get you hooked in a buy a new car! ahaha When the 3 years runs out you OWN IT! It is a 3 year loan. So if you financed $50K your payment would be $1,388.88 per month for 36 months. If you financed $55K your payment would be $1,527.78 per month for 36 months. Just take the amount financed and divide that by 36. That is your payment. Link to comment Share on other sites More sharing options...
Alloy Dave Posted June 29, 2007 Report Share Posted June 29, 2007 But what does it go up to after the 3 years runs out?Arnt these just tricks to get you hooked in a buy a new car! ahaha You're supposed to pay the loan off in 3 years. If you can't afford to do it in 3 years, you likely can't get this deal without some "special" arrangement such as a wrap-around loan or some other gimmick. Dave Link to comment Share on other sites More sharing options...
KCMO-GT500 Posted June 29, 2007 Report Share Posted June 29, 2007 You're supposed to pay the loan off in 3 years. If you can't afford to do it in 3 years, you likely can't get this deal without some "special" arrangement such as a wrap-around loan or some other gimmick. Dave ..or bank robbery Link to comment Share on other sites More sharing options...
jimbobbeg Posted June 29, 2007 Report Share Posted June 29, 2007 ShelbyDude, What are the standard rates for Tier 1 borrowers on 48, 60, and 72 months? Thanks, Jim Link to comment Share on other sites More sharing options...
ShelbyDude Posted June 29, 2007 Author Report Share Posted June 29, 2007 ShelbyDude, What are the standard rates for Tier 1 borrowers on 48, 60, and 72 months? Thanks, Jim I think standard rates are around 8.5% through 60 months and 9 - 9.5% for 72. You can get better rates through local credit unions. Link to comment Share on other sites More sharing options...
KCMO-GT500 Posted June 29, 2007 Report Share Posted June 29, 2007 I think standard rates are around 8.5% through 60 months and 9 - 9.5% for 72. You can get better rates through local credit unions. ..or if you can, use a home equity loan at about prime, right now 8.25%. Since interest is tax deductible, effective rate is around 5.6% Link to comment Share on other sites More sharing options...
Alloy Dave Posted June 29, 2007 Report Share Posted June 29, 2007 ..or if you can, use a home equity loan at about prime, right now 8.25%. Since interest is tax deductible, effective rate is around 5.6% Is that a floating rate though? For an equity loan, do you need an appraisal on your house to ensure enough equity? That could add a few hundred dollars of cost if so. Just some things to think about. If someone can't afford 3-year payments...I'd consider buying the car, holding a lien, you pay me 7.25% rather than the 8.5% they are charging you, and we're good to go. I love interest rate arbitrage. :happy feet: AD Link to comment Share on other sites More sharing options...
arizonabud Posted June 29, 2007 Report Share Posted June 29, 2007 Is that a floating rate though? For an equity loan, do you need an appraisal on your house to ensure enough equity? That could add a few hundred dollars of cost if so. Just some things to think about. If someone can't afford 3-year payments...I'd consider buying the car, holding a lien, you pay me 7.25% rather than the 8.5% they are charging you, and we're good to go. I love interest rate arbitrage. :happy feet: AD If thinking about financing, HELOC (home equity line of credit) is a good way to go for SOME people. If you've got credit score in the 720's plus, and providing you have sufficient home equity left, shopping for a loan you should be able to get a "prime" rate with no margin. However you will incure some closing costs. I do not work for Countrywide but they continuosly advertise on the T.V. "home equity loans with "no" closing costs. But like anything in the money business, you will either pay up front or in the long term. Good thing is, interest part of payment would be tax deductible. My previous career 20 plus years, mortgage broker S.F. Bay Area CA. Now I live in AZ. semi retired AZ. state licensed appraiser. AZbud Link to comment Share on other sites More sharing options...
Light66 Posted June 29, 2007 Report Share Posted June 29, 2007 ShelbyDude, What are the standard rates for Tier 1 borrowers on 48, 60, and 72 months? Thanks, Jim What about credit union rates as another option? 5.35% 36 months 5.60% 48 months 5.85% 60 months 6.10% 72 months Link to comment Share on other sites More sharing options...
Sherri Leicht Posted June 29, 2007 Report Share Posted June 29, 2007 See, it was on the Shelbys, not on refrigerators Link to comment Share on other sites More sharing options...
KCMO-GT500 Posted June 29, 2007 Report Share Posted June 29, 2007 Is that a floating rate though? For an equity loan, do you need an appraisal on your house to ensure enough equity? That could add a few hundred dollars of cost if so. Just some things to think about. If someone can't afford 3-year payments...I'd consider buying the car, holding a lien, you pay me 7.25% rather than the 8.5% they are charging you, and we're good to go. I love interest rate arbitrage. :happy feet: AD ..especially if its cash payments, right? .... I always knew you were independently wealthy Dave :happy feet: Link to comment Share on other sites More sharing options...
jcthorne Posted June 30, 2007 Report Share Posted June 30, 2007 If thinking about financing, HELOC (home equity line of credit) is a good way to go for SOME people. If you've got credit score in the 720's plus, and providing you have sufficient home equity left, shopping for a loan you should be able to get a "prime" rate with no margin. However you will incure some closing costs. I do not work for Countrywide but they continuosly advertise on the T.V. "home equity loans with "no" closing costs. But like anything in the money business, you will either pay up front or in the long term. Good thing is, interest part of payment would be tax deductible. My previous career 20 plus years, mortgage broker S.F. Bay Area CA. Now I live in AZ. semi retired AZ. state licensed appraiser. AZbud You can find some of the best HE loans at some of the larger institutions. I was supprised 2 years ago when we were shopping for a home improvement loan for a building addition. Bank of America offered prime less 0.5% with NO closing costs. They paid for everything from the apraisial, title insurance (this turned out to be a first mortgage as we owned the original structure but they honored the terms anyway) atty fees everything. 20years at 6.125 aint bad for no closing costs. Rates have climbed a little in 2 years. The point is that you should shop around and don't assume the big guys are uncompetitive even if they don't advertise the rates. Our deal was offered only after they understood what we were borrowing the money for. Link to comment Share on other sites More sharing options...
jimbobbeg Posted June 30, 2007 Report Share Posted June 30, 2007 You can go to Bankrate.com and punch in your zip and find great local rates. In my area a 60 month is running 6.15%. And Costco offers 72 X 6.54% through CapitalOne. Link to comment Share on other sites More sharing options...
dtharmon633 Posted June 30, 2007 Report Share Posted June 30, 2007 Unbelievable! Link to comment Share on other sites More sharing options...
Alloy Dave Posted June 30, 2007 Report Share Posted June 30, 2007 See, it was on the Shelbys, not on refrigerators Link to comment Share on other sites More sharing options...
mach1fever Posted July 2, 2007 Report Share Posted July 2, 2007 we were offering a 5% rate for 30 years fixed two years ago. I work for a large credit union and no bank beats our rates or offers. We offer no closing cost firsts and seconds and very competitive rates. Shop CU's 9 times out of 10 they offer better rates. Link to comment Share on other sites More sharing options...
billyarc Posted July 3, 2007 Report Share Posted July 3, 2007 I just checked and FORD did include the limited special promotion being offered on the Shelby GT and the GT500. Good on 2007 models only! Offer runs from June 28th thru July 9th. 0% Financing for 36 months for qualified buyers. I don't know if this is some kind of mistake in Ford's system or what, but this is what Ford's system is showing. There are no other offers available. Just the 0% for 36 months! I have two Shelby GT's for MSRP if anyone is interested in taking advantage of this! I have two SGT's available. Cars are located in Central Illinois. PM me if interested. Black with manual and White with automatic. White: # 1215 Mustang GT Premium Dark Charcoal Leather Automatic Trans Interior Upgrade Active Anti Theft SIRUS SAT. Radio GT Upfitters PKG MSRP $31,285 + $7,390 SAI (dealer's NET cost) + $1,000 GGT = $39,675 Total MSRP! BLACK: # 1160 Mustang GT Premium Dark Charcoal Leather Manual Trans Interior Upgrade Active Anti Theft SIRIUS SAT. Radio GT Upfitters PKG MSRP $30,740 + $7,390 SAI (Dealer's NET cost) + $1,000 GGT = $39,130 Total MSRP! THANK YOU SO MUCH THE DEALER DIDNT KNOW ABOUT THIS AND YOU SAVED ME ENOUGH TO PAY FOR THE 40TH PACKAGE :happy feet: :happy feet: :happy feet: The car is great and now even better at 0% Thanks again I owe you one Link to comment Share on other sites More sharing options...
h2odr Posted July 4, 2007 Report Share Posted July 4, 2007 Did Ford just extend this offer till august 31? Link to comment Share on other sites More sharing options...
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