The coronavirus pandemic continues to hammer the global economy and the auto industry alike. With automakers rolling out incredible deals through their financial arms in an attempt to draw customers in, some dealerships are now taking matters even further. One Washington D.C.-area Ford dealer has come up with a crazy finance deal of their own: buy a car off the lot and you’ll get your mortgage paid for.
The folks over at the Koons Silver Spring Ford dealer have just announced their new purchase incentive program, which not only helps with car-related payments but will also cover up to two months of customer’s rent, lease or mortgage payments. The dealership states anyone who purchases a new Ford, Lincoln, or Mazda vehicle off of their lot during April qualifies to receive up to $1,500 per month towards their housing expenses for two months.
As if that already isn’t a great deal, the dealer-exclusive offer will stack with the existing financial incentives offered by Ford and Mazda during this time. For the Blue Oval products that means zero-percent financing on loans as long as 84 months for qualified customers, as well as up to six months of payment relief for new vehicle buyers. Even Roush Performance cars qualify. Current Ford Credit customers can even speak to the company about refinancing opportunities during this time. Mazda is currently offering a less enticing offer, with no payments for 90 days NS 0.9 percent financing for up to 60 months. Returning customers qualify for a $1,500 loyalty bonus.
These are tough times for everyone, and it doesn’t surprise us that a Ford dealer is taking matters into their own hands. For those who are able to take advantage of this offer, it will likely offer some peace of mind that their new purchase isn’t going to take away from bills during this economic squeeze.