Ford Credit

Ford Credit

Ford offers a variety of financing options for customers looking to purchase or lease a new or pre-owned vehicle. Ford Credit, the finance arm of Ford Motor Company, provides financing options for both personal and commercial customers, including traditional retail financing, lease financing, and commercial financing. Ford also works with a network of trusted lenders to provide financing options for customers with a range of credit scores.

What credit score do you need for Ford financing?

The credit score required for Ford financing can vary depending on the lender and the type of financing. According to Experian, a credit score of at least 620 is considered to be good for car loans, but some lenders may require a higher score. It is important to check your credit score and credit report before applying for financing, and correct any errors that may be present.

Is it better financially to lease or buy a Ford? 

When it comes to pursuing Ford finance, the decision of whether to lease or buy can be a difficult one. Both options have their own set of financial benefits and drawbacks. Here are some factors to consider when deciding whether to lease or buy a Ford:

• Length of ownership: If you plan to own your Ford for a longer period of time, buying is likely to be the better option. On the other hand, if you prefer to drive a new car every few years, leasing may be the better choice.

• Miles driven: Leasing contracts typically have mileage limits, which can be a disadvantage if you drive a lot. If you drive more than the average person, buying may be the better option for you.

• Upfront costs: If you have the funds to make a down payment and pay for taxes and fees, buying may be the cheaper option in the short term. Leasing typically requires lower upfront costs.

• Maintenance and repair costs: When you buy a Ford, you are responsible for all maintenance and repair costs. When you lease a Ford, maintenance and repair costs are typically covered by the warranty, which can be more cost-effective. Either way, you can depend on our Ford dealer near you to perform any maintenance and repairs that you may require.

How can I increase my chances of getting a car loan? 

Getting a car loan with car dealers in Waukesha can be a challenging process, especially if you have a less than perfect credit score or limited income. However, there are steps you can take to increase your chances of getting approved for a car loan. Here are a few ways to improve your chances of getting a car loan:

• Improve your credit score: A higher credit score can increase your chances of getting approved for a car loan and can also help you get a better interest rate. To improve your credit score, make sure to pay your bills on time, reduce your debt, and check your credit report for errors.

• Save for a down payment: Having a down payment can increase your chances of getting approved for a car loan and can also help you get a better interest rate. Try to save as much as you can for a down payment before applying for a car loan.

• Shop around for the best deal: Different lenders will offer different interest rates and terms for car loans. Shopping around for the best deal can help you find a lender who is willing to work with you and offer you the best terms.

• Provide proof of income: Lenders will want to see proof of your income to determine your ability to repay the loan. Be sure to have your pay stubs, W-2s, or tax returns ready when you apply for a car loan.

What do I need to bring to finance a car?

Financing a car can be a bit of a process, and it's important to be prepared when you go to the dealership. Having all the necessary documents on hand can help make the process go more smoothly and increase your chances of getting approved for a loan. Here are some of the things you should bring to a Ford dealership in Waukesha when financing a car:

• Proof of income: Lenders will want to see proof of your income to determine your ability to repay the loan. Be sure to bring your most recent pay stubs, W-2s, or tax returns.

• Proof of identity: You will need to provide a government-issued ID, such as a driver's license or passport in order to obtain Ford credit.

• Proof of residence: Lenders will want to see proof of your current address, such as a utility bill or lease agreement.

• Proof of insurance: Before you can take possession of the car, you will need to provide proof of insurance.

• Down payment: If you have a down payment, be sure to bring it with you. A down payment can help increase your chances of getting approved for a loan and can also help you get a better interest rate when working with a Ford dealer near you.

• Trade-in: If you are planning on trading in your old car, be sure to bring all the necessary documents.

Finance a Ford with Ewald’s Venus Ford

In conclusion, Ford credit offers a variety of financing options for customers and works with trusted lenders to provide financing options for customers with a range of credit scores. It is important to consider your individual circumstances and financial goals when deciding whether to lease or buy a Ford. To increase your chances of getting a car loan, it's important to improve your credit score, save up for a larger down payment, and bring the necessary documents when applying for financing. If you have any questions or need help with financing a Ford, visit Ewald’s Venus Ford. Our Ford dealership in Waukesha is ready to help you secure the financing that you need.