Ford has announced that it will pay off nearly $4 billion in debt to the United Auto Workers retirement trust fund, defying investors’ expectations for the automaker.

Although the company has been profitable for several quarters now, investors were hesitant about the company’s turnaround because of its outstanding debt, the largest of which was owed to UAW. However, increased sales have allowed the automaker to pay the deficit off ahead of schedule, using cash rather than stock options.

“We expect to continue to improve our balance sheet as we deliver on our plan. Importantly, our business results make it possible to take these actions while still accelerating the investments we are making in our business to serve our customers with the very best cars and trucks," CEO Alan Mullaly said in a statement.

The company has pulled off a remarkable turnaround as of late, shaking off the effects of the economic downturn. Its new models, especially the Mustang and Fiesta, have won considerable critical acclaim, and the company’s finances seem primed for future growth.

That being said, consumers are unlikely to find the recession-buster deals at the new car lot they did in the past. Drivers who see themselves in a Ford might want to take a look at the used car market in order to find a good deal.