Car Financing: A Beginner’s Guide

The prospect of car financing can be daunting, and with so many available options to choose from, it can be hard to determine the best deal for you. To avoid the hassle associated with financing a car, choose a plan with your local Ford dealer to put you in the driver’s seat of your ideal vehicle.

Avoid Risky Investments

Rather than working with a dealership, drivers sometimes choose to take out personal loans or charge the payment to a credit card to immediately take ownership of the vehicle.

Though upfront payment might sound appealing, it is a potentially costly responsibility, as the burden of car maintenance falls squarely on the buyer. Also, the possibility of getting a personal loan or having a level of credit that allows large purchases isn’t guaranteed, and often comes with a higher APR than a dealership loan.

Choose Ford Dealer Car Financing

Instead of risky investments, opt for a safer financing plan. There is no one-size-fits-all approach, so work with a Jordan Ford professional and choose from a range of finance programs tailored to your financial needs. Quick approval is guaranteed, with extended warranty programs on offer. Low APR coupled with affordable monthly payments means anyone can purchase the car that’s right for them by choosing from the Ford inventory featuring new and used cars.

Whether you’re leasing, financing, or paying cash, skilled staff will work with you to devise a plan and protect your investment. Apply online by filling out the credit application, availing of the Express Shop option that provides you control over the deal you want to make. If traditional payment programs and auto loans aren’t right for you, review the Option Plan to judge if it better suits your needs.

The Jordan Ford Option Plan

With this plan, drivers can avail of a three-year term, consisting of 36 payments over that period, after which the driver owes no further payments. Once the contract is completed, you can choose from one of three options, based on the Guaranteed Future Value.

Option 1

Either trade in your Ford for that other model you’ve had your eye on, or choose to sell. If there’s any profit to be made from this sale, you get to keep 100 percent of the gains.

Option 2

With no financial constraints tying you to any deal, you can choose to return the car to the dealership and face no financial loss.

Option 3

The Guaranteed Future Value, determined upon the purchase of your vehicle, will be your only financial requirement. Simply pay the determined amount, and the car or truck is yours.

With no long-term loan stresses and a guaranteed set of financially sound options at the end of the contract, this plan is appealing to all parties involved: the customer, the dealership, and the Ford factory and brand.

The prospect of buying a car doesn’t have to be overwhelming. Ford finance managers are equipped to work with every driver, helping you choose from more than 15 lending solutions to purchase your dream car at affordable terms. If you’re considering a new purchase, call Jordan Ford today to discuss your options.

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