NO NO NO. Do NOT take 0% financing. Accept the highest percentage rate you can convince the finance guy to write the loan at, and then split the dealer reserve with him. That's the amount the dealer gets for writing you a butt-reaming loan. THEN (and this is important), pay off the loan in one month. It's ALWAYS 0% financing when you pay cash, and this way you get a few hundred bucks back by screwing them instead of the other way around. This is why you pay cash. In case I didn't say it enough times: PAY CASH. (This message brought to you buy the "if you don't have enough money to pay for it now, don't buy it" public awareness campaign. Also known as "those crazy people who still have money for some reason.")
P.S. Make sure there are no penalties for early repayment, and also make sure it's not a front-loaded agreement (i.e. where you agree to pay the full financed amount no matter how soon you pay it off).
@bagumpity: I bought a new car in '04 with a zero percent, six year loan. I don't see any downside. For one thing, it's a six year zero percent loan. For another, I've been right side up on my loan every month since I bought the car (because of no accruing interest). I've paid off all my other debts since then, but refuse to pay this one off because I just simply don't see any upside of not having it. Am I missing something?
Sorry Ford. You've already taken thousands of dollars from my family; you won't get a damn cent from me. You lost your chance when you refused to pony-up to your shitty transmissions. You offered my parents a mere pittance of <$500 for a new transmission, after the old one lasted JUST OVER 30,000 MILES! It was a Windstar, driven by my mom who barely does the speed limit! What the fuck?!
Fuck you, Ford. I may like your Mustangs, but your business sucks.
Oh, and the Flex? Ugliest. Fucking. Car. Ever. Only next to the Aztec and Lego, err I mean Element.
@blackmage439: What year Windstar? My parents 2000 Windstar's tranny took a dump in Yosemite and they ponied up $2000 out of pocket to get it back on the road.
But you'd add $5k to the price, and hardly gain efficiency (not enough to offset the sticker + expensive diesel). However, if you just lust for torque, than there's no price to high. (but in that case just buy a duramax crew cab)
@rlj676-new job, same problems: You misunderstand. I want what I want. That isn't negotiable. If they don't make what I want, I won't buy it. Price is relatively unimportant to me. I want the intrinsic reliability, simplicity, and longevity of diesels and manuals. And I like to drive. I am tired of Detroit making decisions about whether or not I need a manual or diesel. I decide. I am the decider.â„¢ And I buy one from whomever makes it. I can get a something like that from Audi right now. Why not Detroit? Because they, in their typical arrogance, decided not to make what I want. So I can't buy it. Even though I would most certainly do so. This year. Right now.
Sorry, you're simply not worth their time, you've already been filtered out.
I've worked in the marketing and buyer analysis/strategy area for decades, and you're simply too much trouble for the effort.
There are already MILLIONS of buyers out there (and add on millions more for fleet sales) who will buy from inventory and from a limited number of options.
They aren't buying now due to lack of appropriate product, they simply don't have the credit and/or disposable cash on hand, or they're simply holding onto their assets for long-term survival.
@ROCKYLIFE: But I am on Porsche's and VAG's radar, capiche? That's Detroit's problem. Until they stop trying to build mass undifferentiated product, and start learning how to make a profit one sale at a time, they are DOOMED. I've had this discussion for years with Detroit apologists. Every buyer is important. Every niche is important. Because, in aggregate, they are more important than mass market. This really isn't even an issue in modern markets anyway. We stopped rewarding the market model you describe in the '50s and '60s.
@ROCKYLIFE: It hurts, but you're exactly, exactly right. My fight over buying a new car right now is the fact that I have specific wants. I've shopped several times for a fully loaded G8 GT, in black, and have been told that there are none available, I can't order one, and I should just shut up and take what's on the lot, even if it's a V6 stripper model. I paraphrase, but that's essentially what they told me in no uncertain terms.
The Formerly Big Three have been catering to that middle-of-the-road crowd who will accept whatever mediocrity is offered to them. I think, personally, that part of the issue is that that crowd is dramatically shrinking as vehicles become a more significant aspect of the general public's life. As the default "car guy" amongst my friends, I have been flooded with Facebook messages in the last 8 months from friends who are buying new cars. Some of these people have bought three or four cars since I've known them, and this is the first time they're asking me for input on their decision, because they're taking it a lot more seriously. One friend just waited three months to get the exact Mitsubishi she wanted, and turned away from domestics because they kept trying to talk her into something she didn't want. She went in with a $40k budget, wanting something sporty, and they kept trying to talk her into a $20k Cobalt sedan, because they had 30 of them on the lot.
I think you're bang-on right; there are millions who are willing to accept what's available. But it was 17 million last year, and 12 million this year, and as buyers are getting choosier, the industry isn't changing to follow.
@ROCKYLIFE: This kind of idiot mindset that keeps me from buying something new. I'm plenty happy with my sub-$3000 car (including upgrades) that rides better, corners harder and is faster than what's on the market.
NOTHING on the market is at all tempting to me; I can afford to buy a car and I've got the budget, but I want to buy Ford (or a sub-brand, read: Mazda) and simply put, NOTHING is interesting enough to me to make me want to pull the trigger and buy something.
@The Name's Ash78, Housewares: Add to that: MKZ with sport suspension, AWD, and twin-turbo V6 or 300hp. It's a very nice car, with too-soft suspension, and not enough power.
Will it apply in Canadia, or are they going to do the same thing as GM: "Canadian Pricing Advantage!" We'll give you almost something close to the pricing you would get in the United States if you were a total fucking moron and didn't qualify for any sorts of discounts and/or Employee Pricing and/or rebates and/or 0% financing. I read it as, "GM's Canadian Pricing Advantage: We're still gonna make you grab your ankles, but now we might buy you dinner first."
Let's see what Ford Canada has to offer, and I just might get an MKZ for a few years, until I can trade it in on a G8 GXP
Ford, when you can sell me a brand-new Focus hatchback again, we'll talk. I don't care if you have to hack up a coupe with rusty power tools to give it something like the Skoda twindoor hatch thing, I'd be tempted by that.
I actually just bought a Fusion a month ago. It's a nice car, surprisingly. I don't get NEARLY 29 mpg on the highway, maybe 22. Overall I get 16mpg splitting time between highway/local.
But the car drives great. Surprisingly much better than my '06 Altima.
However, last month they were offering 0% on 48 months. 0% on 36 months is not cost effective for most people. Even on a cheap car you're paying almost $600/mo.
@friendlynerd: Yeah, and Ford just announced that they are reducing their stake in Mazda to raise cash. So I predict fewer surprisingly good cars from Ford in the future.
@ndgoalie35: I get better than that in my 96 Thunderbird with a 4.6L, which LIVES at 17mpg city, and maybe 22-24 highway.. And I hot-rod the hell out of the car. That's bad, cos I'm driving an automatic, v8-powered, 3800lb luxobarge.
@rlj676-new job, same problems: You know, pick-up trucks are just a little too "Independent Woman" for me, and I'm not a real huge fan of the whole Avalanche-type pickup/SUV mishmashes that have sprung up. What I want is a 4x4 Explorer with a V8, sunroof, Trailmaster lift, and a set of Mickey Thompson Baja's...as much as I love my Volvo, she's just not cutting it on the roads near my new house.
@warf0x0r: No no your thinking of GM not Ford. Ford will be saved when it brings its entire Euro lineup over. And all of us Americans will bow down before its greatness of fuel economy and useful space! Plus they will all have diesels as the they are the wave of the future. 1.4l Turbo/SuperCharged Diesels with manual transmissions and 300hp.
This reminds me of when I was working in retail marketing at an agency. The client would occasionally do these THREE-DAY SALE flyers, maybe once a month. In addition to the usual weekly stuff. Then it was like every weekend was either a 3-day sale.
We eventually just started calling the entire week the 3-day sale (weekend) and the 4-day sale (Mon-Thurs).
11/18/08
MPG (city) 24
MPG (highway) 35
MPG (combined) 28
2009 Toyota Corolla
MPG (city) 27
MPG (highway) 35
MPG (combined) 30
Anyone know why Fords have a much bigger gap between highway and city?
And, man that flex is ugly. At least GM has the vibe(which carries the bonus of being an efficient corolla).
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P.S. Make sure there are no penalties for early repayment, and also make sure it's not a front-loaded agreement (i.e. where you agree to pay the full financed amount no matter how soon you pay it off).
11/18/08
11/18/08
Fuck you, Ford. I may like your Mustangs, but your business sucks.
Oh, and the Flex? Ugliest. Fucking. Car. Ever. Only next to the Aztec and Lego, err I mean Element.
11/18/08
Solid steel Legos.
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With a small diesel and a manual, I'd have done it.
11/18/08
But you'd add $5k to the price, and hardly gain efficiency (not enough to offset the sticker + expensive diesel). However, if you just lust for torque, than there's no price to high. (but in that case just buy a duramax crew cab)
11/18/08
11/18/08
(and add your slogan to your name ASAP, it's only necessary)
11/18/08
Sorry, you're simply not worth their time, you've already been filtered out.
I've worked in the marketing and buyer analysis/strategy area for decades, and you're simply too much trouble for the effort.
There are already MILLIONS of buyers out there (and add on millions more for fleet sales) who will buy from inventory and from a limited number of options.
They aren't buying now due to lack of appropriate product, they simply don't have the credit and/or disposable cash on hand, or they're simply holding onto their assets for long-term survival.
You're not even on the radar.
11/18/08
11/18/08
The Formerly Big Three have been catering to that middle-of-the-road crowd who will accept whatever mediocrity is offered to them. I think, personally, that part of the issue is that that crowd is dramatically shrinking as vehicles become a more significant aspect of the general public's life. As the default "car guy" amongst my friends, I have been flooded with Facebook messages in the last 8 months from friends who are buying new cars. Some of these people have bought three or four cars since I've known them, and this is the first time they're asking me for input on their decision, because they're taking it a lot more seriously. One friend just waited three months to get the exact Mitsubishi she wanted, and turned away from domestics because they kept trying to talk her into something she didn't want. She went in with a $40k budget, wanting something sporty, and they kept trying to talk her into a $20k Cobalt sedan, because they had 30 of them on the lot.
I think you're bang-on right; there are millions who are willing to accept what's available. But it was 17 million last year, and 12 million this year, and as buyers are getting choosier, the industry isn't changing to follow.
11/18/08
NOTHING on the market is at all tempting to me; I can afford to buy a car and I've got the budget, but I want to buy Ford (or a sub-brand, read: Mazda) and simply put, NOTHING is interesting enough to me to make me want to pull the trigger and buy something.
11/18/08
Fusion wagon with 4-cyl diesel
Focus RS or SVT with 4 doors
F-150 crewcab with diesel six
Some companies have vaporware. As a consumer, I have vapordemand.
11/18/08
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11/18/08
How 'bout the Australian Falcon? Full line, that is, not just the sedan. I mean wagon, ute, and kitchen sink.
11/18/08
Let's see what Ford Canada has to offer, and I just might get an MKZ for a few years, until I can trade it in on a G8 GXP
11/18/08
11/18/08
But the car drives great. Surprisingly much better than my '06 Altima.
However, last month they were offering 0% on 48 months. 0% on 36 months is not cost effective for most people. Even on a cheap car you're paying almost $600/mo.
11/18/08
Surprisingly good because it's more Mazda than Ford.
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Sport-trac.
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Ford will be saved when it brings its entire Euro lineup over. And all of us Americans will bow down before its greatness of fuel economy and useful space! Plus they will all have diesels as the they are the wave of the future. 1.4l Turbo/SuperCharged Diesels with manual transmissions and 300hp.
And magic pixies will now fly out of my butt.
11/18/08
Not until Obama touches you, you won't.
11/18/08
We eventually just started calling the entire week the 3-day sale (weekend) and the 4-day sale (Mon-Thurs).