Auto Financing in Feasterville, PA

For most people, buying a car with cash is unrealistic. Most people use some financing to purchase a new vehicle, allowing them to make monthly payments. At John Kennedy Ford Feasterville in Pennsylvania, we understand the world of auto financing. Our expert finance department has the knowledge and skills to work with lenders to get our customers the best rates and terms. We can walk you through the entire lease or loan process so you can drive home in the perfect car for you and your family.

Regardless of your credit history, we can find a vehicle and loan to fit your needs. This guide will help you understand your financing options and what to do to start driving your dream car today.

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Introduction to Financing Options

Financing a vehicle means you pay down and work with a lender to borrow the remaining vehicle cost. You'll make monthly payments to the bank until you either pay off the vehicle or your lease ends. Car loans and leases are types of financing because you make payments to someone else for a specified length of time for rights to use the car.

Working with a dealership to get auto financing comes with many benefits. For instance, it can speed up the process because a dealership's finance department is familiar with the auto industry and the auto loan process. We also work with a wide network of lenders, which allows us to get you the best deal on your loan.

Understanding Credit

Your credit score is a major factor in determining the interest rate for your car loan. The better your credit score, the lower your interest rate will be. To set your credit score, banks consider factors such as your payment history and debt-to-income ratio. You can improve your credit score by making your debt payments on time and maintaining a low debt-to-income ratio.

Financing Products Offered

Ford offers several financing products that help consumers get into the vehicles that suit their lifestyles. You can get standard financing to purchase a new, used, or certified pre-owned Ford. This option comes with 12- to 84-month terms, so you can find a payment that works for you. When you use standard financing for your purchase, you won't have to worry about mileage, but you're responsible for the cost of all repairs and upgrades to the vehicle.

If you prefer to lease your new Ford, use the Red Carpet Lease financing option through our Ford dealership. This typically has a lower monthly payment than you'd make on a loan. Several term and mileage options allow you to customize your lease to suit your driving habits and budget.

Vehicle Protection Plans

For peace of mind, Ford offers vehicle protection plans with warranty coverage for your vehicle. These plans vary in what they cover, but you can choose one that provides the amount of protection you want at a price you can afford. The most popular plan is PremiumCARE because it offers car owners the most vehicle protection.

Loan Application Process

The loan application process at John Kennedy Ford Feasterville is straightforward. Start by filling out our online application form. We'll ask for some personal details about you, so make sure you have documentation, such as your driver's license, proof of income, and address, ready. You should hear from us within a few days, and we'll tell you how much you can afford to borrow. Once you choose a vehicle, we can finalize the loan.

At the signing, we'll review the agreement's terms and conditions to ensure you understand everything. Your term is the time you have to repay the debt, typically between 12 and 84 months, while the interest rate is the percentage you pay the lender for allowing you to borrow money.

Lease Agreement Process

A lease is similar to a loan in the documentation you need to apply but differs in terms and conditions. These will depend on the type of vehicle you lease because Ford often offers special lease deals on selected models and trim levels. Before choosing your lease, it's important to understand that leases have mileage limitations and associated fees. Of course, you can customize your financing to meet your needs with various lease-end options.

Payment Options and Calculators

Before you shop for a new Ford, use our payment calculator to determine how much you can afford to pay each month. This estimate can point you in the right direction so you're looking at cars in your price range. You can choose your payment option after you agree to your lease or loan terms and conditions. We make it easy to set up automatic payments for your account so you never miss a payment. You can also manually make an online payment or send a check or money order to the lending company.

Customer Support and Service

We pride ourselves on offering top-notch customer service to everyone regardless of the type of financing they need or their credit history. Our finance team is here if you need help navigating the car loan or lease process. We ensure transparency with your financing to ensure you get exactly what you expect. Our expert staff can walk you through every step and answer all your questions. We also provide follow-up support after your purchase.

Learn About Financing Your Vehicle at John Kennedy Ford of Feasterville

At John Kennedy Ford of Feasterville, we strive to meet your needs throughout your car-buying journey. Contact us if you have questions about our inventory or want to know how we can help you get the financing to drive the car you love. Our team is always here for you, our valued customer.