The process of securing Ford car loans doesn’t have to be overwhelming. That’s why the team at Helfman Ford is her to help to help you on every step of the Ford financing process, no matter your credit score.
Your credit score essentially tells potential lenders how reliable you are to lend money to, which is why it’s important to check your credit score before beginning the vehicle purchasing process. Here are some things you’ll want to consider when financing with lower credit.
You Can Still Get Approved
A high credit score is essential for leasing a vehicle, but the same isn’t true for purchasing. Many loan options for purchasing a vehicle will still be available to you if you have a poor credit score.
It May Impact Term Options
While the loans will be available, it’s important to note that your credit score can impact your term options and what Ford vehicles are available to you. For instance, you may have a more limited term length, a higher required down payment, or a higher rate of interest, if you have a lower credit score.
Consider a Cosigner
A cosigner is a reliable friend or family member who is willing to put their name on your loan. This helps to put the dealership at ease because there’s a second source to complete payments in the event you are unable. With a cosigner, you’ll typically have much better lease terms at your disposal.
Learn More at Helfman Ford
It’s easy to begin the leasing process right here at Helfman Ford. Learn about low credit leasing options and find the right car at the right price with the support of our dealership today.
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