Are you actively searching for ways to fit a new Ford model into your budget? Navigating car financing can be tricky with extensive terminology and so many options. However, our team at Park City Ford aims to make the car buying process as worry-free and transparent as possible. If you’re considering Ford financing, consider our tips below to get started.
Determine What You Can Afford
Find out how much room you have in your current budget. Do this by analyzing your expenses and estimating what the cost of a new vehicle would look like in monthly installments. Once you have an estimate of what you’d like to spend on a vehicle itself, factor in the other costs associated with car ownership:
- Licensing and registration fees
Decide if You Want to Trade in
The next step in the budgeting process is to determine if you can lower your monthly car payment. You are able to offset loan costs by trading in your current vehicle and putting it toward the down payment of your new purchase. We offer a handy online tool that calculates an estimate of what your trade-in is worth. As a general guideline, the down payment should be at least 20% of the cost of the vehicle.
Apply for Ford Financing in Bridgeport
If you’re ready to drive home one of our new or pre-owned Ford models near Norwalk, contact us at Park City Ford. Our team is happy to help you secure financing and address any questions or concerns you may have.