Once you’ve decided to buy a new or used Ford, it’s time to think about how you’re going to pay for it. Your two main choices are using cash or enrolling in a Ford financing plan.
If you’re not sure which option is right for you, this guide may help you decide.
Why Pay Cash for Your Ford?
If you want to make the car-buying process as simple as possible, walking into a dealership with cash is the easiest way to do it.
When you pay in cash, you get to drive home with a car that’s completely yours without having to worry about making payments. The downside, however, is that you’re immediately spending a large sum of money.
If you can do that, great. But if you don’t want to clean out your savings and risk not having money for other expenses, paying with cash may not be the best course of action.
Why Finance Your Ford?
The best reason to finance your Ford is because you’ll get to keep most of your hard-earned money. Initially, all you will need to do is supply a down payment, which may just be a couple thousand dollars. After that, you will be making payments every month, and those might just be a couple hundred dollars.
While the car won’t technically be yours until it’s fully paid off, Ford financing is a much more affordable option for most people.
If you think financing is the right course of action for you, Lester Glenn Ford in Ocean, NJ makes it simple. You can start the financing process right now by filling out our online application, and if you have any questions, our staff is more than happy to help.