Ford Financing Deals

	Starting APR 0.00%	Loan terms 12–84 months

Ford is a household name. Chances are you can easily name a few iconic Ford models, even if you don’t know the first thing about cars. You probably see a variety of Ford vehicles on the road every time you take a drive.

But even the biggest car enthusiasts will have a hard time telling you what to expect from Ford financing. While Ford Motor Credit Company, or Ford Credit, has been in the auto financing game since 1959, their financing terms, incentives and eligibility requirements are a bit of a mystery, since they vary from one dealer to the next.

Ford financing options

Buying a Ford

You can use Ford Credit to finance a new or used car purchase at your local Ford dealership.

Whether you’ll qualify is hard to say, since Ford Credit doesn’t disclose its credit score requirements and each dealer has its own standards. Loan terms vary by dealership too, but here are a few details that are available up front:

• Dealer documentation fees can range from about $200 to $400
• Joint applications are allowed
• There’s no prepayment penalty

Leasing a Ford

Ford’s lease offers include lots of flexibility in terms of mileage limits and lessees receive complimentary GAP insurance, but leasing fees add up fast. Here’s an overview of Ford’s Red Carpet Lease:

• 24- to 48-month repayment terms
• $395 disposal fee, waived if you renew
• $645 acquisition fee
• Complimentary GAP coverage for up to 96 months
• Mileage limits of 10,000, 12,000 or 15,000 miles per year (or pre-purchase more)
• College students and recent graduates can get $500 bonus cash

Ford financing pros and cons

Ford Credit loans come with a few great perks, including free roadside assistance for new vehicles and cash incentives for certain groups. Most of the other details depend on the dealer you visit.

A closer look at Ford financing

Like with most car manufacturers who provide auto financing, it’s difficult to figure out what’s available through Ford Credit.

Loan terms aren’t disclosed up front since they vary from one dealership to the next, and the same goes for eligibility requirements. You may need a credit score of at least 650 to qualify, but ultimately, it depends on where you go for your purchase.

Here are some other features to consider before applying:

• Roadside assistance is complimentary for five years or 60,000 miles
• You can change your monthly payment due date
• Bonus cash incentives are available for service members, college students, recent graduates, first responders and Farm Bureau members
• Buyers with mobility needs can get up to $1,000 reimbursed for the purchase of adaptive equipment

  Learn more about requirements and steps for how to get a car loan.

Gold Certified Vehicles

Gold Certified vehicles are Ford’s version of certified pre-owned vehicles (CPOs). Each Gold Certified vehicle is less than six years old and has fewer than 80,000 miles. Here’s an overview:

• Must pass 172-point inspection
• Starting APR is 3.49% (available with 36-month financing)
• Includes 12-month/12,000-mile comprehensive warranty
• Includes seven-year/100,000-mile powertrain coverage

Flex Buy

Ford offers special Flex Buy financing, exclusively for new car purchases. Terms include:

• 66- or 75-month repayment
• Payments made during the first 36 months are discounted by 15% or 18%
• Monthly payments increase after 36 months
• Not available in Maine, Michigan, New Hampshire, North Carolina, Ohio, Pennsylvania, Virginia and Washington, D.C.

Ford Options

If you’re looking for a new Mustang Mach-E or F-150 Lightning, you might qualify for Ford Options financing. Just be aware that you’ll have to make a balloon payment at the end of the loan, or you can choose to trade in the vehicle for another Ford or refinance the remaining amount. A few other Ford Options loan terms to know about:

• 36- or 48-month repayment
• $475 disposal fee
• Not available in Nevada, New Hampshire, North Carolina or Washington, D.C.

  Learn more about how to trade in a car.

How to apply for financing through Ford

Ford’s online application takes about 10 to 15 minutes to complete. If you’re approved, you can take your offer to a local dealership to finalize your purchase.

Here’s what you can expect from the application process:

1. Provide your personal information: This includes your SSN or ITIN, email address, monthly mortgage/rent information and employment status or yearly income.
2. Select the vehicle information: Choose your preferred vehicle and financing option.
3. View the loan decision: Visit “Retrieve Your Credit Decision,” enter your application number and date of birth, and then click “Submit” to see your credit decision.

Ford’s decision is typically available right away and the offer is valid for 30 days.

How Ford financing compares

Manufacturer financing has its pros and cons. Dealers often offer special, low-APR financing deals, sometimes as low as 0% APR on new cars, and you can handle both the car buying and the financing all at once. On the other hand, loan terms, eligibility requirements and special incentives can vary quite a lot from one dealer to the next.