For once, we lucked out in this area.
Needed a tow vehicle and bought a 2021 Ford F150 that we got months later in 2022.
By giving up one $1000 rebate, we got 0% financing which came out to ~0.25% over 4 years.
I’d set aside cash in tIRA in late 2021 anticipating the bubble would pop soon.
Now the cash is earning almost 5% in money market account, and we can keep our income down the 4 years we need to. Saved way more than $1000 in income taxes here in NY.
I only buy new when it makes financial sense, and used was way too high at the time. We actually paid “invoice” price too, when I expected to pay MSRP.
Never let the dealer interleave the financing with the cash price.
They need to know they’ve got one chance to give their best price, and then talk cash vs financing.
Ford has given rebates if you finance too. Depending on the rate, we have paid off first month when it made sense. Not in 2022