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Hey All,

Like everybody, really excited to get my reservation converted into an order (hopefully next week?). My reservation confirmation email shows a time of 10:02 pm (ET) on 5/19 so really hoping that I'll be at the top of the list.

Either way, I had a question - when is the overall payment due for the truck? I'm looking to get a loan, and I was wondering if I need to get a loan secured now v/s the time of delivery? Any insight will be helpful.

Thanks!
 

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2014 Ford F150 XLT FX4, 2022 Ford F150 Lightning XLT (wave 1 1/7)
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Hey All,

Like everybody, really excited to get my reservation converted into an order (hopefully next week?). My reservation confirmation email shows a time of 10:02 pm (ET) on 5/19 so really hoping that I'll be at the top of the list.

Either way, I had a question - when is the overall payment due for the truck? I'm looking to get a loan, and I was wondering if I need to get a loan secured now v/s the time of delivery? Any insight will be helpful.

Thanks!
From what the website says you do payment and/or financing at the time of delivery. So that gives you time to save more for a down payment. Additionally clearing up credit issues in the next 6 months would benefit you in lower payments or a higher loan if you are going for the higher trim levels.
 

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2021 Mustang Mach E First Edition, 2016 Nissan Leaf, 2003 Toyota Tacoma, F-150 Lightning Lariat ER
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2,398 Posts
Mustang Mach E purchases were
1. Reservation deposit (those were $500)
2. Order deposit (usually $500-1000)
3. Payment or loan document when you take delivery
 

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2021 Mustang Mach E First Edition, 2016 Nissan Leaf, 2003 Toyota Tacoma, F-150 Lightning Lariat ER
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2,398 Posts
Dealers got a huge warning for collecting large deposits/up charging/ raising the price etc. So most of them will not exceed $1000
I think you are confusing ADM (Additional Dealer Markup) with deposit. Most dealerships seem to be charging a $500-$1000 deposit but some are charging more.
See Order Deposits: How much was yours?
 
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