While new Ford cars are fantastic, some drivers may not be able to afford one. Fortunately, there is another option that’s just as good, if not better: used models. And contrary to popular belief, you can easily finance a used Ford, and it presents many benefits. Here a just a few:
You Don’t Need a Huge Down Payment
Perhaps the best reason to finance a used car is that you don’t need to have a ton of money on hand. In fact, if you plan to trade in an older vehicle, you may not need a dime; if you have a vehicle to trade in, it might have a high enough value that can make a decent down payment.
Monthly Payments Are More Affordable
Another major advantage of financing a used car is that your monthly payments can be quite affordable. When you stretch out the sale price — minus your down payment — over several years, this may not be a very big expense, leaving you with more money for fuel and accessories.
You Can Pay off the Loan Faster
The positives of choosing a used car continue with the loan term. When you don’t need to borrow so much money, there’s a good chance that you will be able to pay the loan off faster. This will help you save even more money because of the interest you will avoid paying.
Finance Your Next Used Car at Lester Glenn Ford
Lester Glenn Ford near Eatontown always has a big selection of used Ford cars in stock, along with many other makes and models. Plus, we make financing easy. You can get started by filling out our online application that will get you pre-approved for a loan. Test drive a pre-owned Ford vehicle today!