Ford’s Labor Day deal cuts F-150 interest rate

In a move we certainly didn’t see coming, Ford cut interest rates on the best-selling F-150 pickup. The APR National Promotion offers truck buyers 0% financing for up to 72 months. Based on our analysis, this could represent a significant price drop for consumers and a great deal ahead of the Labor Day holiday.

The promo began last Friday, according to a newsletter sent to dealerships. Until September 7, most versions of the popular truck are eligible for 0% APR for 72 months. Previously, zero percent funding was limited to only 36 months, with a rate of 3.9% for 72 months. We see this as a great opportunity for buyers.

On a $ 50,000 truck, a 6-year 3.9% loan involved over $ 6,100 in interest and about $ 780 / month before taxes and fees. Now the same truck can be purchased for $ 50,000 to $ 694 / month. That’s a potential $ 86 / month reduction in monthly payment, giving the F-150 a huge advantage over its competition.

For example, Chevrolet’s best offer on the Silverado 1500 is currently 2.49% for 72 months without payment for 120 days. Because of the price difference, a $ 50,000 Silverado could cost almost as much as a $ 54,000 F-150. If you are a cross buyer, this can make the F-150 significantly better value.

As usual, there are a few captures to be aware of. First, the F-150 Tremor and Raptor models are excluded. More importantly, the Ford incentive cannot be combined with most other F-150 offerings. Here in California, that means giving up $ 3,500 in cash recovery assistance. Having said that, this may represent an unusual opportunity.

Ford’s incentives took a hit in June when nearly all discounts were waived in favor of recovery aid. If you weren’t planning on trading in a car – especially instead of high second-hand resale values ​​- Ford’s latest offer could be a great Labor Day savings opportunity. in the midst of a continuing shortage of inventory.

Explore the best truck deals for Labor Day

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