As Ford Authority reported back in June, Ford CFO John Lawler recently stated that the automaker’s incentives will likely ramp up through the second-half of 2022, an interesting development considering deals of any kind have been virtually non-existent for quite a few months now amid various supply chain shortages and resulting production woes. However, FoMoCo is offering special financing rates for both the Ford Bronco Sport and Ford Explorer this month, while the 2023 Ford lineup is getting a rate lock incentive program through August, according to a dealer bulletin recently seen by Cars Direct.
These incentives are reserved for retail customers that order a vehicle from the 2023 Ford lineup and is part of the automaker’s Summer Supercharged Sales Event. The deal – officially called the Retail Order Rate Lock Low APR Private Offer – is only good on select models, but ranges from a 2.9 percent APR for 60 months, 3.9 percent for 72 months, and 4.9 percent for financing over 84 months. Models eligible for this special rate lock incentive include the 2023 Ford F-150, Ford Bronco Sport, Ford Edge, Ford Explorer, Ford Maverick, and Ford Ranger.
Those that prefer to lease a new Blue Oval vehicle will also have the chance to score a deal on one as well, thanks to the automaker’s corresponding Retail Order RCL Cash offer that gives customers $500 back on all of the aforementioned models, save for the Maverick. Other notable vehicles left off the list for both deals include the F-150 Tremor, F-150 Raptor, and F-150 Lightning. Regardless, both deals are set to end on September 5th.
This financing deal, in particular, aims to help provide a little relief and peace of mind for customers that want to purchase a 2023 model year Ford vehicle, but don’t want to have to worry about ever-rising interest rates by letting them lock in a lower rate and securing financing before taking delivery. The Federal Reserve has already raised rates multiple times this year, with several more increases planned for the coming months as inflation continues to surge.