Ford offers special financing to F-150 buyers with lower credit scores

Detroit – Ford engine Trying to increase its important sales F-150 Credit truck before the end of the third quarter, offering special financing to consumers with non-excellent credit ratings.

The movement includes subprime loans to consumers – with FICO score below 620 – providing lower interest rates for those with quality scores.

Such promotions are not similar and are an attempt to make vehicles more suitable for the buyer and reduce inventory levels. However, borrowers with lower credit scores are more likely to default or miss payments, especially during an economic decline.

In addition to the fact that truck trucks are important tools for the balance sheets of Detroit car manufacturers such as Ford, sales are closely monitored as a sign of demand for talented labor and small businesses.

A Ford Credit Spokesman said that promotional rates did not affect the real “credit decisions” of the organization for consumers. The authority added that certain ratio will vary according to the conditions of the contract.

Wall Street Journal, first notified The program said that Ford used a registered scoring model to evaluate the loan beyond the FICO loan score.

Ford, in a statement sent to CNBC E -Post, “We finance the customers we believe to have only credit and pay capacity. In the past, we have made such national programs and extended the promotion rate to customers who meet our credit criteria.” He said.

The average new automatic loan rate was about 9% from the latest data in July. Cox Automotive’s feakertrack. This included approximately 18% to 20% for subprime or “deep double” consumers.

Automobile manufacturers such as Ford have historically tried to limit it to financial buyers through their own financial credit weapons, which have increased significantly in recent years.

Since 2024, Ford Credit reports that only 3% to 4% of the financing of the credit branch are “higher risk” consumers. The average FICO score for Ford Credit’s customers was 748 from 757 in the first half of the year. A recent publicly open.

The sales of Ford F series trucks, including F-150 12.7 % increase However, for the year entering in September, it fell 3.4% in August compared to a year ago. Pricing for 2025 F-150 varies more than $ 39,000 to $ 100,000 depending on models and options.

According to COX, since the interest rates remained high and the average vehicle purchase price increased to $ 50,000, the automotive industry has been concerned for years.

Ford’s presentation points to the possibility that the Federal Reserve approved a quarter point discount last week and the Central Bank will reduce two interest rates in 2025.

Ford is not the only automobile manufacturer offering opportunities for vans. StellantisAccording to the website ‘Ram Trucks Brand currently offers a 0% financing for “qualified buyers” in certain vehicles in the series.

General Motors’ Chevrolet and GMC brands are financed by their financial arm, offering 0%for qualified buyers until the end of this month.