TUG Review Crew: Veteran
- Jun 6, 2005
- Reaction score
- Oyster Bay, NY & Sun City, S.C.
- Resorts Owned
- The Summit @ Massunetten, Sheraton Desert Oasis
I have a question. We are in the process of buying a new Explorer. Ford offered us a deal of $3,500 rebate and a 60 month loan at 5.9%, or no rebate and a 60 month loan at 3.9%. We choose the rebate, and got our own car loan at Bank of America for 4.7%. The Ford dealer seems a little annoyed that we did not take the Ford financing. Bank of America told us that Ford receives 1% of the loan as a commission from BOA. What would the commission be if we took the Ford financing? Also, who does that commission go to? Our salesperson, or the dealer? Our salesperson did not push the Ford financing at all. It seems to be the manager that is upset. Thanks for your input.