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$2,500 Customer Cash - disappeares on 02/28?
I am in the process of buying an '07 Escape Hybrid. The current $2,500 Customer Cash promotion will expire after a week (on 02/28). So what can we expect? Will Ford extend the promotion, maybe even raise the amount, or will the promotion just disappear? (In other words - should I hurry up and buy a car quick??)
$2,500 is a lot of money... BTW, great forum! |
Re: $2,500 Customer Cash - disappeares on 02/28?
What will the next PowerBall numbers be? :D
Sometimes the offers get better. Sometimes the offers get worse. We'll find out for sure on March 1. |
Re: $2,500 Customer Cash - disappeares on 02/28?
The 2008 FEH launch is coming soon, I expect the 07 rebates are to clear out the old model. I grabbed my rebate in January with that logic.
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Re: $2,500 Customer Cash - disappeares on 02/28?
I'm expecting them to stick around as well for the same reason. Some lots are already showing 2008 Mercury Mariners. One of my local dealers shows one, but I haven't checked to see if it is actually on the lot. I have '08 MMH on order.
If you search for a 2007 Mercury Mariner, the 2008's will show as well (hybrids are listed under 2007 Mariner, not Mariner Hybrid). I don't know if they same applies to the Ford Escape or not. |
Re: $2,500 Customer Cash - disappeares on 02/28?
$2500 off plus the $1950 credit makes for an excellent deal.
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Re: $2,500 Customer Cash - disappeares on 02/28?
The 0% APR for 60 months (100% financing) is likely to be worth more to you than the $2500 cash back. As I recall you can get the 0% until April 2nd. When I ran the numbers to pick an incentive for my purchase, the 0% for 60 months was the cash equivalent of $4300.
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Re: $2,500 Customer Cash - disappeares on 02/28?
0% probably is a better deal but it depends on how much you are financing and what APR you could get elsewhere.
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Re: $2,500 Customer Cash - disappeares on 02/28?
Originally Posted by econoline
(Post 112943)
The 0% APR for 60 months (100% financing) is likely to be worth more to you than the $2500 cash back. As I recall you can get the 0% until April 2nd. When I ran the numbers to pick an incentive for my purchase, the 0% for 60 months was the cash equivalent of $4300.
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Re: $2,500 Customer Cash - disappeares on 02/28?
Originally Posted by TeeSter
(Post 113030)
If you invest your $2500 (although it most likely will get spent) and check on it in 5 years... the difference isn't as clear.... you need a nice return to break even... but the right investment could make it possible.
Scenario #1: $2500 customer cash. If I put that into a money market account paying 5.0% per year for 5 years, I'd have $3208 at the end of that term. Scenario #2: 0% APR financing for 5 years. Assume the FEH costs $28500 out the door. I finance it 100% so I put the $28500 into the same money market account as in Scenario #1, and every month I withdrawn $467 to make the car payment. At the end of 5 years I will have a balance in the money market account of $4840. So for me, the 0% APR financing was the better way to go by $1632. For the $2500 to grow to $4840 in 5 years, your investment would have to return over 13% per year for 5 years. And if you had such an investment, why not put the $28500 purchase price there and you'd have $15,720 after 5 years with Scenario #2. |
Re: $2,500 Customer Cash - disappeares on 02/28?
Originally Posted by econoline
(Post 113039)
Here's the analysis that I used:
Scenario #1: $2500 customer cash. If I put that into a money market account paying 5.0% per year for 5 years, I'd have $3208 at the end of that term. Scenario #2: 0% APR financing for 5 years. Assume the FEH costs $28500 out the door. I finance it 100% so I put the $28500 into the same money market account as in Scenario #1, and every month I withdrawn $467 to make the car payment. At the end of 5 years I will have a balance in the money market account of $4840. So for me, the 0% APR financing was the better way to go by $1632. For the $2500 to grow to $4840 in 5 years, your investment would have to return over 13% per year for 5 years. And if you had such an investment, why not put the $28500 purchase price there and you'd have $15,720 after 5 years with Scenario #2. |
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