trying to buy a 2009 ford focus se and i am on the first time buyers program?

S

sherry p

New member
i was told by the dealer that i can be on the first time buyers program and i could use the z plan( my father in law retired from fords).
well i found out what the apr was going to be(20.5) so i thought to ask my brother in law who also works at fords and he said that i couldnt have the z plan if i was on the first time buyers program. can any one give me some input about what is correct and what i should do?
 
a 1st time buyers plan isnt the same as employee purchase programs. 1st time buyer programs are a program usually set up with high interest rates very low down payment to help those who normally would be turned down on a new car purchase. its a bit like they are saying " we will trust you but its gonna cost you" now an employee purchase program is handled quite different because they hold the control of the car and employee. because the employee is supporting his own job they work with him better. 20.5 is sure stiff though, sounds like a credit card loan rate. getting a loan from your bank, a credit union, even paying for it from a second on a home loan is better.
 
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