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If you’re looking to buy a new Ford this year, we totally get that you’re probably thinking of it as a big investment and considering financing options! While there are a number of auto financing options available on the market, it’s always best to go straight to the manufacturer. Here is a quick overview of what Ford offers for financing through its own Ford Motor Credit Company.
Auto Financing Your Ford: Your Options From the Ford Motor Credit Company
Standard Purchase
Ford’s most basic financing option, Standard Purchase allows you to pay for your new Ford over a customizable period of 12 to 84 months. With fixed monthly payments, this can be considered a very safe way to finance your new Ford with very little risk.
Many buyers consider this option to be Ford’s most flexible, as it is available to almost every buyer in every US state and available for every Ford model (new and Certified Pre-Owned). But at the same time, it’s anything but a lease! It’s your Ford right away, with no mileage limitations and full freedom to customize your car with third-party add-ons and modifications, should you want to.
Flex Buy
Flex Buy offers what might sound like an excellent financing deal for car buyers who are slightly more hesitant to start making big payments right away. On Ford Flex, you’ll make the first 36 months of payments at a discounted rate (between 15% and 18%), and then make slightly higher monthly payments towards the end of the payment window. It is currently being offered on 66-month and 75-month payment plans.
Although you start out with lower payments (and thus, less equity in your new Ford if you decide to trade it in), it still isn’t a lease, and the car is 100% yours right away.
Red Carpet Lease
The most affordable way to get your hands on a new Ford, Ford’s Red Carpet Lease options offer an excellent alternative to buying that’s less risky and usually much more affordable. You can choose between a wide range of terms and mileage options, and be sure that your Ford is 100% protected by Ford’s GAPCoverage.
Not only can you save money by getting a new Ford on a Red Carpet Lease, but you’ll also have the freedom to upgrade your Ford when you see how amazing the new models look! With flexible lease-end options available, you can be sure you’re always driving the best Ford off the dealership if you wish!
Ford Options
Ford Options is only available for certain models (currently just the Mustang Mach-E and F-150 Lighting), but with the cars it is available, it offers the most flexible and affordable financing option!
You’ll get your new Ford on a lease with flexible mileage options and a 36-month or 48-month term at bargain monthly rates. Then at the end of your lease, you can choose to either make a final payment to keep your car or trade it in for a new Ford that’s eligible for the same program at no additional cost.
Financing your new Ford is obviously quite a big deal and you don’t want to make mistake! So, before signing onto a long payment plan or lease, we recommend consulting your options with your local Ford dealer. If you’re down here in the San Antonio area, swing by Jordan Ford, where we’ll be sure to get you the best financing deals on an awesome new Ford model, like the Ford F-150!
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