Ford Motor Credit

At Ewald's Hartford Ford, we're proud to partner with Ford Motor Credit to offer you an extensive range of finance and lease options for your next vehicle. Whether you're looking for the rugged strength of the F-250 or the innovative features of the latest electric model, our Ford financing team is eager to find the perfect fit for your lifestyle and budget. Our West Bend car dealership can provide flexible, transparent, and competitive Ford finance offers, tailored to your individual needs. Begin your journey towards financing a car with Ewald's Hartford Ford today, and let us help you drive off in the Ford of your dreams.

Frequently asked questions about Ford Motor Credit

Who is eligible to finance or lease through Ford Motor Credit?

Ford Motor Credit, also known as Ford Credit, is available to a broad pool of customers. Here are the typical eligibility requirements:

Age Requirement: The applicant must be of legal age to enter into a contract. This age varies by state in the United States, but is typically 18 or older.
Credit History: Ford Credit will assess your credit history to determine your creditworthiness. Good credit will improve your chances of Ford financing approval and may lead to more favorable terms, but those with less-than-perfect credit are still encouraged to apply. Ford Credit evaluates applications on a case-by-case basis and considers a variety of factors.
Stable Income: You should have a stable income that is enough to cover your monthly payments, along with your other expenses.
Residency: Residency requirements may vary, but typically, you ought to be a legal resident of the country where you are applying for credit.

Both individuals and businesses can apply for Ford Credit. For businesses, Ford Credit offers commercial financing and leasing options, but the business will need to provide proof of its legal status, income, and other relevant documentation.

While many people are eligible to apply for Ford Credit, approval is not guaranteed. Ford Credit evaluates each application individually to determine whether to extend credit, as well as on what terms.

What types of finance options does Ford Motor Credit offer?

Ford Motor Credit, also known as Ford Credit, provides a variety of financing options to suit different customer needs. These are some of the options available:

Retail Financing: This is the traditional auto loan, where you borrow money to purchase a new or used Ford in West Bend. You pay back the amount of your loan, plus interest, in equal monthly installments over a set term.
Red Carpet Lease: This is Ford's leasing program. Leasing is like long-term renting, where you pay for the use of a new Ford in West Bend for a set period of time (usually 2-3 years). At the end of the Ford lease, you can choose to return the vehicle, buy it, or lease a new one. Lease payments are usually less costly than loan payments because you're only paying for the vehicle's depreciation during the lease term, not its full value.
Commercial Financing: Ford Credit offers financing options for businesses, too. Whether your company needs one vehicle or an entire fleet, Ford Credit can provide loans or leases tailored to your business needs.
Flex Buy: This is a unique financing plan that offers lower payments for the first few years and higher payments later on. This can be a worthwhile choice for buyers who can count on their income to increase in the future.

Each of these options has its own advantages, and the best choice depends on your personal or business needs, your budget, and your long-term vehicle ownership goals.

Can I apply for Ford Credit financing online?

Yes, you can apply for Ford Credit financing online. The application process is relatively straightforward:

Find Your Vehicle: Begin by browsing for your desired Ford vehicle online.
Choose Your Financing Option: Decide whether you want to lease or finance a car. You can use online tools provided by Ford to estimate your monthly payment.
Apply for Credit: Follow the prompts to apply for Ford Credit. You'll need to submit some personal information, like your Social Security number and employment information, as well as information about the Ford you want to finance.
Review and Submit: Double-check all of the information in your application, and then submit it.
Wait for Approval: Ford Credit will review your application and decide whether to approve it.

Remember, the exact steps and the information required may vary, so always refer to the instructions provided on the Ford Credit website or by our West Bend car dealership. It's also important to ensure that your information is accurate and complete to avoid any delays or issues with your application.

People also ask the following questions about Ford Motor Credit

How are monthly payments calculated?

The monthly payments for an auto loan or lease are determined by several factors. Here's a basic overview:

Principal Amount: This is the total amount you're borrowing (for an auto loan) or the total cost of the vehicle's depreciation (for a lease). In a loan, the principal is typically the price of the vehicle minus any down payment, Ford deals, or trade-in value. In a lease, the principal is typically the difference between the vehicle's initial price and its predicted residual value at the end of the lease.
Interest Rate: Also known as the Annual Percentage Rate (APR), the interest rate is what the lender charges you to borrow money. Your interest rate is determined by several factors, including your credit history and current market rates.
Loan or Lease Term: This is the length of time you have to repay your loan or Ford lease. Typical terms range from 24 to 72 months. Generally, a longer term means lower monthly payments, but more interest paid over time.
Fees and Taxes: Your monthly payment may also include various fees, taxes, and other charges, depending on the terms of your loan or lease and local laws.

To calculate a loan payment, you can use the formula for an amortizing loan, which takes into account the principal, interest rate, and loan term. Many online calculators are available that can do this calculation for you.

For a lease, the calculation is a bit more complex, as it involves the vehicle's depreciation, the money factor (which is similar to an interest rate), and other factors.

Remember, this is a general explanation, and the specifics can vary depending on your particular situation and the terms of your loan or lease. For detailed information about your own payments, consult with your lender or a financial advisor at our West Bend Ford dealer.

What is the interest rate for a Ford Credit loan?

The interest rate for a Ford Credit loan, also known as the Annual Percentage Rate (APR), can vary depending on a variety of factors. Here are some of the key factors that Ford Credit and other lenders generally consider when setting your interest rate:

Credit History: Your credit score and credit history are key determinants of your interest rate. The higher your credit score, the lower the interest rate you're likely to receive. This is because a higher score indicates a lower risk to the lender.
Loan Term: The length of your loan can also affect your interest rate. Typically, shorter-term loans have lower interest rates than longer-term loans. This is because the longer the loan term, the more risk the lender takes on.
Vehicle Details: The specifics of the vehicle you're financing, such as its age, mileage, and whether it's new or used, can also impact your interest rate.
Market Conditions: General economic conditions, current Ford specials, and prevailing market interest rates can also affect the interest rate you receive.

For the most accurate and current information about interest rates for Ford Credit loans, you should contact Ford Credit directly or visit our West Bend car dealership.

Can I pay off my Ford Credit loan early?

Yes, in most cases, you can pay off your Ford Credit loan early. However, the specifics depend on the terms of your individual Ford deal. Here are a few important points to keep in mind:

Prepayment Penalties: Ford Credit does not typically charge a prepayment penalty for paying off your loan early. However, you should always check your specific Ford finance offer agreement to confirm this.
Interest Savings: If your loan is a simple interest loan (which most auto loans are), paying it off early could save you money on interest. With a simple interest loan, interest is calculated on the outstanding principal. So, the faster you reduce the principal, the less interest you pay.
Payoff Amount: If you decide to pay off your loan early, you'll need to obtain a payoff quote. The payoff amount might be slightly higher than the remaining balance shown on your statement because it includes any accrued interest.
How to Pay: You can typically make a payoff payment online, by mail, or over the phone. Check with Ford Credit or your loan agreement for specific instructions.

Remember, the details can vary, so it's important to check the specifics of your loan agreement or contact Ford Credit to get accurate information for your situation.

Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Price does not include applicable tax, title, and license charges. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week. MSRP may not represent the actual price at which vehicles are sold in this trade area.