Scoring a deal on a new vehicle these days isn’t particularly easy, though there have been a few to be found in recent months including 2.9 percent financing or bonus cash on the 2021 and 2022 Ford Bronco Sport and 1.9 percent financing plus $1,000 off 2021 and 2021 Ford Ranger models. However, high demand has led to some deals being scaled back or canceled altogether, including a custom order financing deal on the 2022 Ford F-150, while lease deals on the 2022 Ford Maverick were recently cut completely. Now, a new Ford deferred payment plan has launched.
2022 Ford Explorer ST
This new Ford deferred payment plan is similar to a deal offered last fall, and all 2021-2022 Ford models are eligible as of February 15th. The deal defers payments for 90 days, but there are a couple of caveats. Buyers must have a qualifying credit rating and be able to meet other requirements, and must finance the new Ford vehicle through Ford Credit.
Deferred payments do come with one big downside, of course – the payments must still be made, though they’re being deferred until later, oftentimes the end of a loan. However, interest rates begin accumulating the day a loan starts, which means that those who choose to defer payments will wind up paying more in interest by the end of the loan term.