First Car. First Loan. A Lot of Questions.
Buying your first car is a big deal.
It is also completely normal to feel a little unsure about the financing side of things. If you have never financed a vehicle before, you may be wondering whether you will qualify, how much money you need to put down or what your monthly payment could look like.
Ford Credit created the First Time Buyer Program to help eligible customers take that first step with a little more confidence.
What Can the Program Do for You?
Start Building Your Credit
Financing your first vehicle can be an opportunity to establish your auto credit history. Making your payments as agreed can help you begin building a stronger credit profile over time.
Potentially Lower Your Financing Rate
For qualified applicants, the program may offer a lower APR than you might expect as a first-time buyer. That can make a meaningful difference in the overall cost of financing your vehicle.
Get $750 Bonus Cash
If you qualify and purchase a new Ford vehicle, you may be eligible for $750 Bonus Cash. Even better, the bonus cash can be combined with active programs or offers, subject to program terms.
Keep Your Options Open
Your first vehicle does not have to mean settling for something that does not fit your needs. Eligible buyers can finance up to $50,000 and can shop for new and Certified Pre-Owned Ford vehicles.
Flexible terms of up to 84 months and low-down payment options may also be available to qualified customers, helping you find an option that works with your budget.
Is This Program Right for You?
You may be eligible if you have never had an auto loan and do not have adverse credit history. The program also requires at least six months of verifiable current full-time employment and a down payment of $750 or more.
Our dealership team can help you understand the requirements, review your options and answer the questions you may have before you make a decision.
Take the Guesswork Out of Your First Purchase
There is a lot to think about when buying your first vehicle. Financing does not have to be the part that makes you nervous.
If you are ready to explore your options, let our Ford team help you see what you may qualify for and find a vehicle that fits both your life and your budget.