At Don’s Ford, our goal is to make your car-buying experience as smooth and enjoyable as possible. While Ford financing is a complex process, our in-house finance experts are here to make it easy and find you the best possible loan package.

If you’re not familiar with the process of financing a new Ford SUV or truck, fear not — you can always call us with any questions you may have. In the meantime, here are some frequently asked questions and answers from our Utica, NY Ford dealership.

Q: What’s the difference between a loan and a lease?

A: A loan is when you borrow a sum of money from a lender to purchase a vehicle, and make monthly payments on the loan until it’s paid off. A lease is when you “borrow” a vehicle from a dealership for a set term, and make monthly payments to cover the cost of the vehicle while you have it.

Q: Do I need a high credit score to finance a car?

A: While a good credit score will help you secure a lower interest rate, that doesn’t mean you can’t finance a vehicle with less-than-ideal credit. Don’s Ford will work with every customer to secure financing, regardless of your credit score.

Q: How long will it take to pay off my car?

A: The amount of time it takes to pay off a loan depends on how long of a loan term you select. A shorter loan term will mean lower interest and higher payments, while a longer loan term will make your payments lower, but the interest is likely to increase somewhat. Typical loan terms last anywhere from 36 months to 72 months.

Still have questions? Visit Don’s Ford today to learn more about Ford financing and test-drive a Ford truck or SUV today.