Lucas Bell 
As we move closer to putting the madness of 2020 behind us, automakers are beginning to roll out their end of year financing promotions. Perhaps spurred on by the current global situation, Ford announced last week that their current deals will involve no payments for 90 days across their entire vehicle lineup. Thanks to a report from Cars Direct, we now know that this enticing offer will also apply to the upcoming 2021 Ford F-150 models.
Despite the fact that the 2021 Ford F-150 hasn’t hit dealers yet, the report states a dealer incentive bulletin confirms that the all-new pickup truck will be eligible for payment deferral. This means that buyers won’t have to make a payment on their new truck until 2021, even though deliveries are on track to take place any day now. While this deal may seem stellar going into the holiday season, there are some other details to consider.
The 2021 Ford F-150 will hit dealerships across the nation with some less than stellar financing offers. Most of the country will get a truck that features 2.9% APR financing for up to 36 months, with 48 and 60 month terms carrying rates of 3.9% and 4.9%, respectively. That said, the idea of deferred payments during these strange times may prove helpful in getting the all-new pickup off to a good sales start. We’re willing to bet that all of the tech and equipment that the truck comes with will do that on its own. At least that’s what newly-minted CEO Jim Farley thinks, despite the price bump that comes with those features.
If you are a more budget minded shopper, Ford has also rolled out a few deals for the outgoing model. In some parts of the country you can find financing rates as low as 0% for 60 months on a 2020 F-150. In others Ford is offering a $4,000 incentive for XLT Crew Cab models, which can be bundled with up to $2,000 in trade-in bonuses. According to the Dearborn automaker, the current sales events for the 2020 and 2021 Ford F-150 are slated to run through January 4th.
