Ford Rebates – Incentives for July 2009

July 2, 2009

Ford is getting agressive with it’s incentives for July 2009. A good combination of different rebates and loan rates can make for some very good Ford deals. The current deals end on 8/3/2009.

Ford’s incentives are somewhat complex and apply differently to various models and customer situations. The incentives come in the form of some good cash-to-customer rebates, and low interest rates on loans, although customers must select one or the other, but not both.

We usually advise taking the rebates over the low interest rates, especially if the customer is short of down payment cash. But if Ford’s rebates are not especially large on the model you want, and if you can get a 0%-3% loan, it might be a better choice. There are also some “bonus” rebates, usually about $1500, that are not restricted by taking a low interest rate.

In general, the incentives are in the form of $1500-$2500 rebates on 2009 models, $500-$1000 on 2010 models. The lowest interest rates, including some at 0% APR, are on the 2009 models. Rates are higher on 2010 models, but still lower than normal rates. Just so that you know, you must have a good credit score to get the lower rates.

For many Ford models, there is also a $1500 “Drive the Difference” bonus rebate that can be applied to the first 3 months’ payments.

Here are some examples of Ford incentives for July 2009:

2009 Ford Mustang – $1500 rebate plus $1500 bonus rebate, plus another $500 bonus. Interest rates are 0% for 36 months, 5.9% for 48 months, 6.9% for 60 months, and 8.9% for 72 months (not really a great rate for 60 and 72 months). Smaller rebates and higher interest rates are available for the 2010 Mustang.

2009 Ford Fusion – $2000 rebate, plus $1500 bonus rebate. Interest rates are 0% for 36, 48, and 60 months, and 1.9% for 72 months. Smaller rebates and higher interest rates are available for the 2010 Fusion.

2009 Ford Exlporer SUV – $2500 rebate, plus $1500 bonus rebate. Interest rates are 0% for 36 months, 0.9% for 48 months, 1.9% for 60 months, and 5.9% for 72 months. Smaller rebates and higher interest rates apply to the 2010 Mustang.

Similar incentives — rebates, bonuses, and low APR loans — apply to most other 2009 and 2010 Ford models.

You can get free price quotes on any of the Ford vehicles from Edmunds.com. The quotes will automatically include any cash-back rebates or discounts that are currently available.