Customers can’t even drive the 2021 Ford Bronco Sport out of the showroom just yet, but the Blue Oval’s financial arm is already making the crossover more expensive to finance. The company increases the interest rate for financing the model for 48 months to 0.9% APR, according to Cars Direct. Previously it was possible to get the vehicle for 0% APR.
To put that in perspective, a buyer of the $ 38,500 Bronco Sport would pay an additional $ 16 per month with the new higher APR, according to Cars Direct. This equates to over $ 700 in interest during the loan.
The good news is that only the 48-month loan APR is changing at this time. Buyers can still get 0% APR for 36 months, 1.9% APR for 60 months, and 3.9% for 72 months. These figures are available until August 31 Cars Direct reports.
The Bronco Sport is available in four trim levels: Base, Big Bend, Outer Banks and Badlands. There is also the first edition, which is already sold out.
The crossover is available with a turbocharged 1.5-liter three-cylinder developing 181 horsepower (135 kilowatts) and 190 pound-feet of torque (259 Newton-meters) or a turbocharged 2.0-liter producing 245 hp (183 kW) and 275 lb- ft (259 Nm). Both engines mate to an eight-speed automatic transmission and all-wheel drive is standard.
While not as rugged as its big brother Bronco, videos suggest the Sport is still capable of off-roading. The Badlands trim even gets a dual-clutch rear drive unit with a differential lock feature. The GOAT (Goes Over Any Type of Terrain) system allows operators to adjust the configuration according to conditions.