savvy

Really? I wonder if the rebates are different depending on what state you live in. What State do you live in?

The problem is getting the right answer. One dealership told me there's no prepay penalty and I can pay it off the moment my first payment is due. Another dealership told me that I have to finance atleast $10,000 and I have to make payments for 6 months. I don't know who/what to believe and I don't want to get stuck paying interest for 6 months or a penalty if I can pay it off in it's entirety right away.

I am considering a purchase of a 2007 Ford Edge. In my region, I qualify for 2 rebates, $2,000 for taking a car off the lot and an additional $1,000 for using ford credit (program 11506). My question is two fold... 1. I want to put a substantial amount down. Is there a minimum I have to finance to get the $1,000 rebate? 2. I'm in sales and if I have a great month and want to payoff my balance early, is there a prepayment penalty? If so, what is it?