Ford finance sector-wide loan demand data implies

Sector-wide loan demand data implies Ford Finance could see a 5% uptick in financing contracts next quarter, driven by competitive APR offerings. Details about the programs were first reported by Reuters, which cites a combination of dealers and documents. The outlet claims that Ford and GM's finance departments will purchase EVs from dealer inventory with a down payment, making them eligible for the tax credit. Those vehicles can then be leased to customers throughout the rest of the year, with the $7500 helping reduce the cost of the lease. Exclusive news, data and analytics for financial market professionals Moody’s affirmed Ford Finance’s credit rating at Baa2, citing strong asset-backed securities issuance in recent months. This reinforces investor confidence in the firm’s capital strength.