10-24-2008, 09:51 AM | #1 |
Senior Member
Join Date: Oct 2008
Posts: 691
|
Fmcc Rate
Have You Seen Fmcc's New Rate Joke, I Mean Sheet ?
|
10-24-2008, 09:52 AM | #2 |
Senior Member
Join Date: Oct 2008
Posts: 691
|
8.75 FOR 60 MOS WITH A 720+ SCORE
|
10-24-2008, 11:39 AM | #3 |
Administrator
Join Date: Nov 2007
Posts: 14,869
|
|
10-24-2008, 11:55 AM | #4 |
Senior Member
Join Date: Mar 2008
Posts: 174
|
Indirectly maybe we can blame Cerberus. After all without the changes to GMAC and CFC FMCC most likely would not have increased nearly as much.
|
10-24-2008, 12:19 PM | #5 |
Senior Member
Join Date: Oct 2008
Posts: 691
|
Well that may not be so true of a statement FMCC is always high on std rate sheet previous best rate was 7.59% for 60 mos @ toer 0 &1, years ago they were the most agressive on the non subvented rates
|
10-24-2008, 12:25 PM | #6 |
Senior Member
Join Date: Mar 2008
Posts: 174
|
WOW CFC previous rate sheet had A+ 740 FICO @ 5.29% x 60. I would have thought FMCC would have been similar.
|
10-24-2008, 07:04 PM | #7 | |
Administrator
Join Date: Nov 2007
Posts: 14,869
|
Quote:
The irony is that you're supposed to be able to depend on your captive when times get tight. That's why dealers were always told that they should be loyal in the good times so the captive will be there for them in the bad times. Well, it's pretty bad right now and the captives are running for cover. |
|
12-04-2008, 02:21 PM | #8 |
New Member
Join Date: Feb 2008
Posts: 8
|
Have your cake & eat it too?
LOL...I am amazed at how we read these comments and you can tell the pros from the sos....... Ford's rates are high but if you work with them, they WILL buy good advances and work their programs....CPO is a very nice program and I am working with a small town dealer currently in the KC metro area and was #1 in CPO and ESP last month running $2500+/copy. It is all in the approach we take. ;-) Where I have seen the problems most recently is the cutback in advance by the lenders that DO have the rates......
|
12-04-2008, 04:57 PM | #9 | |
Administrator
Join Date: Nov 2007
Posts: 14,869
|
Quote:
You make a valid point concerning advance - the lowest rate in the world is worthless if you can't get enough money to fund the deal. |
|
12-05-2008, 03:35 AM | #10 |
Senior Member
Join Date: Oct 2008
Posts: 691
|
Good news for FORD FLOOR PLAN DEALERS, .75 point reduction through 12/15 to assist the "EMPLOYEE PLUS" program.
|
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Rate your own parts department | Rod Barajas | Parts | 11 | 08-01-2010 08:36 PM |
Fmcc | MARV | Finance | 7 | 12-17-2009 04:19 PM |
Cfc Rate Coupons | dafuzz1956 | Finance | 3 | 01-27-2009 07:58 PM |
Have you received your new CFC Rate Sheet yet? | XDCX | Finance | 42 | 01-17-2009 01:48 PM |
Rate your own service department | Rod Barajas | Service | 0 | 01-29-2008 11:33 AM |