Ask an Auto Finance Expert
at Maplecrest Ford of Union!
Here at Maplecrest Ford of Union, we know the auto financing process can seem a bit confusing.
Even experienced car buyers can still have questions along the way, which is why our Ford dealership near Newark gathered this helpful list of auto financing FAQs -- all answered by one of our very own experts!
We want to ensure your auto financing experience is simple and stress-free at Maplecrest Ford of Union. Our finance expert was kind enough to provide a lot of information for you to reference, so you can be prepared when visiting our NJ Ford dealer. We can't wait to help you finance a new or used Ford SUV that suits your lifestyle and budget!
Car Financing FAQs Answered by an Expert!
If you're looking to secure Ford financing in New Jersey, read up on our car loan FAQs and answers first. We're sure you might learn something that can make your experience even smoother!
How do I get a good interest rate?
Car loan interest rates vary and change all the time. However, most rates are contingent on credit history.
How much of a down payment do I need to finance a car?
Money down is up to the customer. Money down is always a great thing to keep your monthly payment as low as possible.
What additional costs will I be responsible for when buying a new car?
Standard dealer fees apply when purchasing a new or used vehicle. These fees include sales tax, motor vehicle, documentation and other fees.
How can I find the value of my trade-in?
Call the dealership to set up a free-of-charge vehicle inspection. You can also value your trade!
Does my credit score impact my loan rate?
Yes -- to put it simply.
I have a low credit score -- can I still finance a car?
Yes! Having a low credit score does not automatically disqualify you from getting a loan for a vehicle.
I don't have a credit history yet -- can I still finance a car?
Many auto banks have first-time buyers' programs available. Most of these programs will require proof of income.
Can I reduce my monthly car payments down the road?
If you make your payments on time, you can always trade in your vehicle for a lower monthly payment.
Can I sell my car while I'm still paying it off?
Yes, as long as the purchase price covers your remaining auto loan balance.
Can I add a warranty when I buy a car?
Yes! Your F&I representatives will discuss the extended warranty options available to you at the time of purchase.
Contact Maplecrest Ford of Union with any other auto financing questions you have. We're here to help you secure the car loan in New Jersey that you need, no matter your credit score or financial situation. Work with our dedicated Ford finance experts today to take home a new or used Ford truck you love!