Arranging credit on a Ford Fiesta, or arranging a car loan is is in theory a relatively straightforward practice, but with the slickness of number of caveats about the creditworthiness of the individual concerned, and how best to negotiate both finance and price when dealing with them both at the same time.
It is a good idea to separate out the two processes, of arranging finance and of buying the Ford Fiesta, even if doing them both at the same time with Ford credit and dealing with a Ford dealership. Both the sale price of the Ford Fiesta and the finance for its can be negotiated separately, and there is room usually for significant savings on both.
For many people the attraction of dealing with Ford credit is that it simplifies the process, in that finance or credit is arranged with the dealership and makes it an all in one package. There is honestly a very real attraction in this, but it can also blur the boundaries between the two processes.
Credit on a Ford Fiesta
Anyone applying for finance or credit would do well to shop around and get alternative quotes from different lenders. It is often suggested that three or four lenders is sufficient. Whilst lenders may vary, many people recommend approaching a bank or a credit union who are regarded as mainstream lenders.
Credit unions are often thought of as a reliable source of loans, but obviously you need to be a member of it in the first place.
Once a number of quotations have been obtained for finance or credit, then it is normally very clear what the consensus amongst these lenders is regarding your credit application. This should put the individual in a fairly strong position in negotiating finance with Ford credit if they wish to pursue that option when buying their Ford Fiesta.
When negotiating the sale price on a Ford Fiesta, it can be a good idea to do this before actually entering the showroom itself. Many dealers expect to do a lot of their price negotiation either over the phone or by the Internet before they actually meet a customer face-to-face.
From a customer’s point of view, the advantage is really that puts them in the stronger position of simply being able to call way from the dealership if they so choose, something that is much harder to do if they are physically in the dealers showroom.