At Basil Ford, we work hard to make your auto-financing journey transparent and stress-free. We know you likely have questions about interest rates and how they affect your car loan or lease, and to put your mind at ease, we're here to answer them.
To that end, we've addressed some of the most common interest rate questions below, so you can finance or lease your next Ford in Cheektowaga with confidence. Check these FAQs out now, then visit us to make your purchase.
Ford Financing & Interest Rate FAQs
What factors affect my auto loan interest rate?
Several elements influence the interest rate you'll receive on a vehicle loan, including your credit score, down payment amount and loan term. Higher credit scores typically receive lower rates, and making a larger down payment or choosing a shorter term can also contribute to more favorable rates.
Do new or used cars typically have better interest rates?
New Ford models often qualify for lower interest rates compared to pre-owned vehicles as well, so keep that in mind when comparing the benefits of buying a new vs. usedcar. That said, we have an excellent selection of both new and used cars, as well as exciting vehicle specials that can help you save no matter what you buy. We'll help you upgrade with confidence.
Can I get pre-approved for an auto loan at Basil Ford?
Yes, you can! Our Ford finance experts are ready to help you pre-qualify for a car loan before you shop. Just fill out our secure online Ford credit application to see what rates you qualify for. We'll walk you through your personalized offers, explain available loan terms and help you lock in a competitive interest rate, all so you can buy a new Ford you love with confidence.
Is 0% financing available at Basil Ford?
Special rates including 0% APR financing may be offered on select new Ford models or during promotional periods. Availability changes throughout the year, so check our latest Ford finance specials or ask our team for current offers. These low or zero percent rates can help you save on interest over the term of your auto loan.
Can I refinance my auto loan for a lower rate?
Absolutely. If your financial situation has improved or if rates have dropped since you first financed your vehicle, refinancing may help you secure a lower interest rate and reduce your monthly payments. Reach out to the Basil Ford finance department so our specialists can review your current loan and see how we can help save you money.
Finance a New Ford in Cheektowaga Today
Ready to learn more about new or used car interest rates on a Ford loan or lease? Contact Basil Ford today. We'll make sure you know all your options, clarify current rates and help you secure the best deal possible. Reach out to our Ford dealership in Cheektowaga now to start your financing process and drive home your dream car.
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