Ford ESP through Granger - Not Cheap

[FORDTEXAS]

@Granger Ford can y’all clarify on this?

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[soup7_20]

If the primary complaint is that they're charging an admin fee if you finance it, then don't finance it. You should have a couple years left on the 3/36 so put the money aside that you would pay on the monthly for the warranty and just buy it outright before the factory expires.

Agreed, but it doesn't make it any less wrong. I'm a capitalist like the next guy. Granger can choose to charge what they want to charge and I can choose to spend money where I want to spend. But there is something that feels wrong when Ford partners up with Budco Financial to provide interest free financing for their ESP product and Granger steals it away. Perfect example of capitalistic greed.

 

[Jimko]

I gave my dealer the option to price match, they looked at Granger’s website when I told them, they wouldn’t do it either. I politely told my sales lady ok, I tried.

Yea mine said they can’t compete with Granger

 

[SteelCity]

I mean it's just like other services that allow you to either pay in full or in payments. Pay in full and it's done, need to make payments the company is going to charge something for their efforts. Like insurance, pay in full and it's cheaper but pay monthly, quarterly, or semiannually there is an added fee. I save about $150 a year paying my insurance in full. They are already selling the ESP almost at cost, they need to make money somehow.

 

[Texas2022XLT]

I mean it's just like other services that allow you to either pay in full or in payments. Pay in full and it's done, need to make payments the company is going to charge something for their efforts. Like insurance, pay in full and it's cheaper but pay monthly, quarterly, or semiannually there is an added fee. I save about $150 a year paying my insurance in full. They are already selling the ESP almost at cost, they need to make money somehow.

I agree with you as this is common to see some type of processing fee if you make payments. I’m not saying it fair either but that’s just life as well. I wouldn’t call this capitalist greed either. You are not being forced to buy from them unlike some pharmaceutical drug that has no generic.

 

[soup7_20]

I mean it's just like other services that allow you to either pay in full or in payments. Pay in full and it's done, need to make payments the company is going to charge something for their efforts. Like insurance, pay in full and it's cheaper but pay monthly, quarterly, or semiannually there is an added fee. I save about $150 a year paying my insurance in full. They are already selling the ESP almost at cost, they need to make money somehow.

The anology you build isn't the best.

But Ford has a product where they partnered with Budco Financial to extend 0% financing to there customers. This is something Ford created regardless of what dealership you purchase from. Now if I go to Granger the cost of the product is set on there website and it's close to flood and Ziegler (don't for a second think their margin on this product is thin, this isn't like selling a car, much of the dealership margin is made with the finance guy trying to sell you a ton of stuff). The moment I choose to leverage Ford's Interest free financing, not Grangers financing but Ford's, Granger imposes a 10% fee for no reason other than charging the customer for something Ford is doing for free. Your insurance analogy is valid if the price of the product was the same and they take off money for laying in full. But Granger doesn't do that. Instead The price is the same but they add 10% for using something that Ford offers to their customers for free

 

[Texas2022XLT]

The anology you build isn't the best.

But Ford has a product where they partnered with Budco Financial to extend 0% financing to there customers. This is something Ford created regardless of what dealership you purchase from. Now if I go to Granger the cost of the product is set on there website and it's close to flood and Ziegler (don't for a second think their margin on this product is thin, this isn't like selling a car, much of the dealership margin is made with the finance guy trying to sell you a ton of stuff). The moment I choose to leverage Ford's Interest free financing, not Grangers financing but Ford's, Granger imposes a 10% fee for no reason other than charging the customer for something Ford is doing for free. Your insurance analogy is valid if the price of the product was the same and they take off money for laying in full. But Granger doesn't do that. Instead The price is the same but they add 10% for using something that Ford offers to their customers for free

Maybe I missed something but you are not leverage Fords interest free. Your getting that from Budco as they are fronting the money for you to Ford.

 

[Graygoose2021]

Like my Dad used to say, "nothing in this world is free".

 

[tsigwing]

The anology you build isn't the best.

But Ford has a product where they partnered with Budco Financial to extend 0% financing to there customers. This is something Ford created regardless of what dealership you purchase from. Now if I go to Granger the cost of the product is set on there website and it's close to flood and Ziegler (don't for a second think their margin on this product is thin, this isn't like selling a car, much of the dealership margin is made with the finance guy trying to sell you a ton of stuff). The moment I choose to leverage Ford's Interest free financing, not Grangers financing but Ford's, Granger imposes a 10% fee for no reason other than charging the customer for something Ford is doing for free. Your insurance analogy is valid if the price of the product was the same and they take off money for laying in full. But Granger doesn't do that. Instead The price is the same but they add 10% for using something that Ford offers to their customers for free

THEN DON'T BUY FROM THEM.

(non) problem solved.

 

[soup7_20]

Maybe I missed something but you are not leverage Fords interest free. Your getting that from Budco as they are fronting the money for you to Ford.

No it's through Ford... However Ford partners with Budco for the underwriting. From the customers perspective it's Ford. The details are In The Ford ESP brochure.

 

[Jimko]

Maybe I am wrong here, and by no means am I a Granger fan boy, but I would think if one decided to pay monthly with Granger, they are assuming the risk until it is paid off. They are setting up the monthly charges/statements/etc. They are just charging an admin fee for that. I don't know why Granger does not partner with Budco like Ford does. It does appear that Ziegler also uses Budco for their financing. Either way, the beauty of capitalism is you can decide how to spend your money and whom to spend it with.

Only reason I went with Granger is at the time I bought, they came out less than Flood and Ziegler. And I have bought plans from both Flood and Ziegler in that past, for the same reasons.

 

[Texas2022XLT]

No it's through Ford... However Ford partners with Budco for the underwriting. From the customers perspective it's Ford. The details are In The Ford ESP brochure.

Yes the warranty is through Ford but you are paying Budco and they pay Ford.

 

[nvabill]

Agreed, but it doesn't make it any less wrong. I'm a capitalist like the next guy. Granger can choose to charge what they want to charge and I can choose to spend money where I want to spend. But there is something that feels wrong when Ford partners up with Budco Financial to provide interest free financing for their ESP product and Granger steals it away. Perfect example of capitalistic greed.

Ok, I am gonna step back in here and give you my two cents worth. You are still bashing Granger for adding a 10% penalty for financing the plan. But, you still haven't told us where you can get it for a better deal. Why is that, in the time you've spent on these posts you should already have the deal done?

Bottom line, go find a dealer that will sell you the exact plan as Granger, finance it for you, not charge you a surcharge and get it cheaper. You do that and I will jump on the stage with you and bash the heck out of Granger!

 

[nvabill]

Maybe I am wrong here, and by no means am I a Granger fan boy, but I would think if one decided to pay monthly with Granger, they are assuming the risk until it is paid off. They are setting up the monthly charges/statements/etc. They are just charging an admin fee for that. I don't know why Granger does not partner with Budco like Ford does. It does appear that Ziegler also uses Budco for their financing. Either way, the beauty of capitalism is you can decide how to spend your money and whom to spend it with.

Only reason I went with Granger is at the time I bought, they came out less than Flood and Ziegler. And I have bought plans from both Flood and Ziegler in that past, for the same reasons.

Well said and I just want to know if he can get it cheaper at Flood or Ziegler with out the surcharge. That would go a long way in allowing me to see if Granger is way out of line or not.

 

[digitaltrucker]

Glad I saw this thread and the changes that have happened with Granger. I currently have family needs for 2 Explorers and will need to take a "second look" at Grangers pricing now. Undisputedly, they were the lowest for several year selling first at $50 over cost then down to $25 over cost. I'm more concerned at the silence since their representation here has always been active and forthcoming. They took a beating a while back on another issue, could be their silence is due to that whooping!

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