Cheap loans and big rebates have replaced the Ford Family Plan today after the employee discount plan ended yesterday. While the first two months of the plan saw a boost in sales, the plan ultimately lost popularity as the company's September sales tanked by 20 percent.
Rebates on 2006 Ford vehicles include $500 on the Focus, Fusion and Five Hundred sedans and the Freestyle crossover wagon, $2,000 on the Explorer SUV and some F-Series pickup trucks, and $3,000 on the Expedition SUV. For the 2005 vehicles Ford still has on the lots, the automaker is offering 0 percent financing for up to 60 months.
The large incentives for SUVs and trucks are no doubt in response to a dropoff in sales ? 30 percent in the F-series, 58 percent in the Explorer and 60 percent in the Expedition, reportedly due to $3+/gallon gas prices throughout much of the U.S.