Review of ford credit
57Ford credit is a bank and I give them a bad review only because I have done research on them and saw that they had alot of complaints with alot of different things. I also know someone who had financed a car and they had decent credit but still received a real high car payment and a high interest rate. Another person had worse credit than this person and financed through a different bank and got a better rate on interest and a lower car payment and this person traded another vehicle in. So I would not recommend ford credit to anyone and it seems like they try to charge as high as they can go. My advice would be to keep searching banks, even when the car dealership or another place tells you that they have tried a few banks and you got denied, just keep looking regardless.
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Comments
I glad that someone is speaking out about ford motor credit.They are crooks.
Ford credit normally finances people that can't get financed with a bank. Of course banks and credit unions offer lower rates. No one forces someone to sign a contract. If someone signs for a higher rate then they know that they are getting into going into a loan. That's no different than a personal loan or a house loan. Dealers can also bump up rates that a bank or Ford Credit agrees to. That is profit for the dealer. People should learn that when they go to a dealer they can negotiate the rate.If they don't try they can pay a higher rate.
Jess says:
2 years ago
First of all Ford Credit is not a bank, it is an indirect lender. Only way to get a Ford Credit loan is thru a dealer who actually sets the interest rate. If your friend didn't like the payment why did he/she sign a contract?