Ford Motor credit is simply another name to refer to Ford credit, which is the dealership arranged financing arm of Ford motor company.
Ford as a company will offer the option to potential customers of helping to arrange the finance for anyone wanting to buy a new or used vehicle through a Ford dealership, or to arrange a lease agreement with Ford for one of their vehicles or trucks.
From a customer point of view, it is often easier, or at least that is completed to arrange the finance at the same time as buying the single vehicle itself. There are obvious implications in terms of ease of arrangement and usage, but this also needs to be handled quite sensitively in order to maximise the negotiating position of the potential customer.
There are many elements to be involved in the process of buying or leasing a vehicle, and there are many separate issues can be negotiated regarding the financing. From a customer’s point of view it is a good idea to approach Ford Motor Credit on the basis that they would approach any lender such as a bank or a credit union, and be able to negotiate the best possible financing arrangement.
Ford Motor Credit
The whole process of buying or leasing a car can be quite an involved one, and it is a good idea or the customer to break the process down into a number of stages of steps that they can then go through before arriving at a satisfactory conclusion.
The first that for many people is to either decide which vehicle they want to buy, or to decide how much they can afford to borrow. Both to an extent can go hand-in-hand, with the amount that they can in theory borrow providing a decision about whether to buy a new or used vehicle or whether or not to lease one.
It is a good idea when considering any type of loan, whether secured or unsecured, to approach a number of different lenders and to be able to compare quotations on a like-for-like basis. This means that if and when approaching Ford Motor Credit the customer is in a position to be able to negotiate with the Ford dealership on a number of areas of the finance arrangement.
These normally include the size of the down payment, the interest rate and the length of the loan period. There may well be additional areas to negotiate such as vehicle protection options such as vehicle service contracts and servicing and maintenance contracts as well as different types of warranties or roadside assistance programs.
These can be additional to the overall cost of the vehicle and any additional costs such as local or national taxes or dealership fees.
