Ford Already Offering 7-Year Loans On 2022 Mavericks

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Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

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, Senior Pricing Analyst - June 10, 2021

Now that the 2022 Ford Maverick has intrigued shoppers with its starting price under $20,000, a dealer incentive bulletin reveals that Ford began offering a 7-year loan option for buyers almost immediately after it started taking reservations.

Even though we're months away from the compact truck's fall arrival, Ford Credit is offering an 84-month Maverick financing rate of 5.9% APR. That's the same 7-year rate that you'll find on current Ford trucks like the Ranger and F-150.

Unfortunately, while longer loans can save money for buyers, 84-month loans aren't for everyone. On a $20,000 Maverick pickup, our analysis finds that a 7-year loan at 5.9% would equate to almost $4,500 in interest before taxes & fees.

With an 84-month loan, the cost of the entry-level Maverick XL Hybrid (MSRP $21,490) would come out to roughly $313/month. Buying the cheapest Maverick could be appealing given the fact that it's excluded from lease deals.

If you aren't keen on taking out a 7-year loan right away on a depreciating asset, Ford Credit is also offering lease rates approaching 0% as well as APR deals involving 0% financing. Clearly, there are flexible ways to either buy or lease.

84-month APR deals aren't unusual, at least for Ford. When the all-electric Mach-E was introduced, it had an identical offer. That also ended up being the case with the Bronco Sport. The upcoming Ford Bronco remains a rare exception.

Current Ford offers end on July 6.

This Months Top 0% APR Deals »

, Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

Follow On: Twitter

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