4 Reasons to Get Car Financing at Your Ford Dealer

Are you getting ready to start shopping for your next vehicle? You might be wondering how you can ensure you’re getting something that you’re going to love. Getting car financing has many benefits. Here’s why you should talk to your Ford dealer about getting pre-approved for financing for your purchase.

1. Get the Best Car for You

The most obvious reason to get financing for your vehicle purchase is so that you can afford something you’re really going to love. If you pay in cash, then you may need to compromise on some major features that you wish you could have.

But with financing, you’ll open up your budget significantly. That means you can get the car that you’ve been dreaming of.

2. Dealer Can Offer Incentives

Several different types of lenders can offer car loans, but the best place to get yours is straight from your dealership. That’s because dealers often have incentives and promotions that can help make your deal even better.

Most incentives are available for brand-new vehicles. If you’re buying new, make sure to ask if there are any incentives available. For example, you may be able to get lower interest rates for your monthly payments. This will help keep them affordable.

3. Keep Your Savings Full

In an emergency or in the event you need to make some kind of unexpected major purchase, a full savings account can be a lifesaver. But if you spend all of your savings on your new vehicle, then you won’t have the money available to you if you need it.

This is another fantastic reason to consider getting a car loan. Instead of using up the majority of your savings, you’ll only need to take out a portion to cover the initial down payment. It’s best to put down at least 20% of the car’s total cost.

4. Boost Your Credit Score

If you have a low credit score, then you know exactly the myriad of ways it can affect all aspects of your financial life. That’s why it’s so important to find ways to boost your credit score and keep it high.

Getting a car loan is easy for almost anyone to get. And, when you make all your monthly payments on time, this will help increase your credit score. Whether you have a low score or just an average one you’d like to improve, a car loan can help.

Buying a new car can get expensive fast, but getting a car loan can help ensure that you afford something quality. Are you ready to see what our financing department can do for you? Visit us at Bob Maxey Ford-Howell.

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