You may have noticed that average interest rates on auto loans have risen more than a few percentage points over the past year, and we don’t like it any more than you do. Here’s what you need to know about Ford interest rates, and how Helfman Ford can help!
What’s Behind These High Ford Interest Rates?
There are a couple of different economic factors contributing to high auto loan interest rates.
Right now, the United States is in the midst of a period of pretty sharp inflation, and as the Federal Reserve continues to combat this, we’re seeing a rise in auto loan interest rates.
On top of this, the current banking crisis has made it more difficult to obtain credit, so many people are struggling to qualify for auto loans, especially ones with good interest rates.
What About Ford Incentives?
To compensate for unfavorable interest rates, automakers like Ford are offering incentives to keep their vehicles affordable.
These incentives come in the form of discounted leasing and financing rates and options to defer payments, and they’re applicable to a number of popular Ford vehicles, such as the 2023 Ford Explorer, which can be purchased at 0% financing for the first 36 months through the month of May 2023.
How the Team at Helfman Ford Can Help You
Even in these challenging times, the financial team at Helfman Ford is committed to helping you find new and used Ford vehicles that meet all your needs. The experts in our Finance Department will work with you to ensure that you find a Ford vehicle that meets your needs without breaking your budget. Apply for Ford financing online or visit us today to find out what we can do for you!
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