If you’re ready to take the next step in your car shopping experience and begin Ford financing, ensure you’re prepared by asking some key questions. By doing so, you will have a solid understanding of the terms and your monthly obligation.

The experienced team at Folsom Lake Ford will walk you through every step of the process.

1. What is the Total Purchase Price?

The price on the window of the new vehicle you are viewing is the amount the car costs without any extras, such as accessory packages, additional warranties, interest, and tax. When you meet with one of our Ford dealership Roseville dealers, be sure to ask for an estimate of the total amount with these items included. The final amount may change your mind about whether to pursue this car loan.

2. What is the Interest Rate?

An interest rate is the amount it costs to borrow money and is incorporated into your monthly loan payment amount. Drivers with higher credit scores have lower interest rates, as higher numbers show a consistent payment history and minimal risk for the institution. If you have a low score, we recommend making payments on your current debt to increase your score before your arrival.

3. How Long is the Loan Agreement?

When you finance a car, you are taking out a loan to pay for the amount in full then paying the institution back with monthly payments. Most loans are for five to seven years. Be sure to consider the length of the commitment and factor in any known life changes.

4. Can I Trade in my Current Vehicle?

Trading in your current vehicle and using it toward a down payment will be advantageous toward lowering your monthly payment. Be sure to come prepared for an appraisal of your model with all registration and ownership documents, as well as your driver’s license.

Get behind the wheel of your dream car at Folsom Lake Ford today. We carry new Ford trucks for sale and used options as well. See you soon!