Ford Authority

New Ford Deferred Payment Plan Launched Without Any Fanfare

Scoring a deal on a new vehicle these days isn’t particularly easy, though there have been a few to be found in recent months including 2.9 percent financing or bonus cash on the 2021 and 2022 Ford Bronco Sport and 1.9 percent financing plus $1,000 off 2021 and 2021 Ford Ranger models. However, high demand has led to some deals being scaled back or canceled altogether, including a custom order financing deal on the 2022 Ford F-150, while lease deals on the 2022 Ford Maverick were recently cut completely. Now, a new Ford deferred payment plan has launched, according to a dealer bulletin seen by Cars Direct, but it isn’t being advertised.

This new Ford deferred payment plan is similar to a deal offered last fall, and all 2021-2022 Ford models are eligible as of February 15th. The deal defers payments for 90 days, but there are a couple of caveats. Buyers must have a qualifying credit rating and be able to meet other requirements, and must finance the new Ford vehicle through Ford Credit.

Deferred payments do come with one big downside, of course – the payments must still be made, though they’re being deferred until later, oftentimes the end of a loan. However, interest rates begin accumulating the day a loan starts, which means that those who choose to defer payments will wind up paying more in interest by the end of the loan term.

Currently, Ford is offering this deal on 36-, 48-, 60-, and 72-month loans, though interest rates vary by model. On vehicles that are currently available with special promotional rates, this could make for a pretty good deal, though again, buyers will ultimately pay more in interest if they stick with their assigned payment throughout the life of the loan. Regardless, those that appreciate a little flexibility at the beginning of a new vehicle loan may find this deal to be a good fit.

We’ll have more Ford deals and incentives to share soon, so be sure and subscribe to Ford Authority for 24/7 Ford news coverage.

Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.

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