A little good news for everyone is that the interest rate deals are still out there for financing. The dealer found us financing at Texas Trust CU for 1.99% for 48 months.
The bad news is that the used Expedition prices are dropping fairly rapidly. When I started this buying adventure in Nov 2021, my Expedition was worth $49,500 through VRoom, today it was only $42,500. Luckily the dealer had a little wiggle room but not much.
I don't know your exp value or condition, but i know several people are concerned about their vehicles being worth "less" than when they started the ordering process.
I've used Vroom, at the end, my dealer's buy-out with the tax incentive was about $400 difference, I'll put it this way. I would have been okay with a $400 loss.
A word of caution on used car price estimates in late Q3 and Q4'21, Vroom got into hot water over Q4'21 with pricing of their vehicles. They were over pricing their premium (over 25k) buyouts by about 10%, it caught up to them with their Q1 filings... Their stock went from $6-7/share to $1.75, huge hit as they have "a perfect storm" as their CEO put it. "over paid" "delays on reconditioning" and "aged premium inventory". They didn't fix their pricing algorithm until March.
I've been also checking used car values across a wide range (from german imports to US trucks), they are fairly stable, averages are actually showing less depreciation YOY than normal. As others are ordering their Expy, most used cars will be worth less the longer they keep them (by choice or necessity), but every month they are not paying the new car premium is savings. Either through paying down their loan, or if no loan saving additional funds in cash. Unless you were tech heavy in stock, then people took a bath this week. lol