Is it hard to get financing through Ford?

Are you looking for a new Ford car or truck, but are concerned about your financial options? You may have heard that getting financing through Ford can be challenging, but the truth is there is no need to worry! At our Madison Ford dealer, we provide comprehensive financing services and make it easy to secure an affordable loan on your dream vehicle. Here’s everything you need to know about getting approved for Ford financing at Evansville Ford, in just a few simple steps — and busting the myth of “hard-to-get” auto loans.

The ease of obtaining financing through Ford will depend on several factors, including your credit score, income, and the specific vehicle you are interested in purchasing. Here are some things to keep in mind before you apply for an auto loan at our Ford dealership near you.

• Credit score: Your credit score is one of the most important factors that lenders consider when deciding whether to offer you financing. If you have a good credit score (typically around 700 or above), you may be more likely to be approved for financing through Ford. However, if you have a lower credit score, you may find it more difficult to obtain financing or may be offered less favorable terms at our Madison Ford dealer.
• Income: Lenders will also look at your income to determine your ability to make your monthly payments. If you have a stable, high income, you may be more likely to be approved for financing.
• Down payment: Putting a larger down payment on the vehicle can improve your chances of being approved for financing at our Ford dealership near you.
• Vehicle choice: Certain vehicles may be more difficult to finance than others. For example, if you are interested in a high-end Ford vehicle that is more expensive, you may find it harder to obtain financing than if you were interested in a more affordable model at our Madison Ford dealer.

Overall, obtaining financing through Ford should be relatively easy for those with good credit and a stable income. Evansville Ford also offers competitive financing rates and terms for eligible buyers at our Ford dealership near you. 

To secure financing through Ford in Madison, you can follow these general steps:

• Research Ford financing options: Visit the Ford Motor Credit website to learn about the financing options available to you. You can browse through the different financing plans and choose one that suits your needs and budget. Evansville Ford will be happy to share information about the latest Ford deals available!
• Check your credit score: Before applying for Ford financing, you should check your credit score to ensure that it is in good shape. You can obtain a free copy of your credit report from each of the three major credit bureaus once per year. Check for any errors or inaccuracies, and take steps to address any negative factors that may be affecting your score.
• Apply for financing: Once you’ve chosen a financing plan, you can apply for financing through Ford’s website or by visiting our Ford dealership near you. The application process involves providing your personal and financial information, as well as details about the Ford in Madison you wish to finance.
• Wait for a decision: After submitting your application, you will need to wait for a decision from Ford’s financing department. If you are approved, you will receive information about your loan terms, interest rate, and monthly payments.
• Sign the paperwork: If you decide to accept the financing offer, you will need to sign the loan agreement and any other necessary paperwork. Be sure to read the terms and conditions carefully, and ask any questions you may have before signing.

Once you have secured financing through Ford Motor Credit, you can purchase the vehicle you have selected and begin making your monthly payments. Be sure to keep up with your payments and follow the terms of the loan agreement to avoid any penalties or late fees! Remember, Evansville Ford is the only Ford dealership in Madison you’ll need to find a great financing deal.