We carry a large selection of Ford vehicles to fit most every need. If you don't have cash on hand, we offer our customers leasing and financing options. Learning the benefits of each option helps you choose the right one when you apply for financing at our dealership.
Financing a Ford
Financing is borrowing a lump sum through a third-party financial institution, such as a bank or a dealership. You commonly pay the lender back in monthly installments with interest and other fees you agreed to when you initiated the purchase. A down payment isn't always required, but it could increase your chances of approval and lower payments. At the end of the term, you own the Ford, and the dealer transfers the title to you.
Leasing a Ford
Leasing is paying the dealer a monthly fee to rent a Ford, commonly over a 12 to 60-month period. Payments often reflect expected mileage, your credit score, the estimated depreciation over the term, and the age and type of vehicle. When the term is over, you don't own the vehicle, and you take it back to the lender. You commonly have the option to buy at the end of the term, renew the lease, or lease a new model.
Deciding to Lease or Finance
If you can't decide whether to lease or finance a Ford, consider how many miles you drive daily. You have no mileage restrictions when you finance, but the mileage will have a limit under a lease. Leasing may suit you if you work locally or don't take too many trips and don't want to commit to buying.
If you buy a new vehicle and want to customize it, financing may be ideal for you. Financing gives you complete ownership of the vehicle, so you are free to sell or trade it. You can visit Friendly Ford to discuss your options and explore the finance specials that we offer for select Ford vehicles.
