As you weigh your Ford finance options, getting pre-approved is a great first step. In fact, you can get an idea of your payments and estimates without affecting your credit at all. At Folsom Lake Ford, we’re providing a closer look at the process.
Set a Budget
Before you start shopping for a new vehicle, it’s important to establish a budget. As a rule, you should aim to keep your auto payment and expenses under 20% of your take-home pay. This includes your payment, insurance, fuel, and general upkeep and maintenance costs. An auto payment calculator can provide a quick estimate of how much you can spend to ensure your payment aligns with your budget.
Check Your Credit
Your credit score will be a big factor when you apply for financing. It will affect your interest rate, as well as what types of offers you receive (and even how many). There are lots of sites that allow you to check your score online and you can even check your credit report for free annually. Try to address any issues and discrepancies before you apply.
Apply Online
Once you’re ready, you can get pre-approved online in just a few simple steps. There are a few quick questions including your name, date of birth, social security number, employment information, income, and residence information. We’ll be notified once you complete your application and then we’ll reach out to you to finalize the process.
Apply for Ford Financing in Folsom, CA Near Sacramento
Getting pre-approved is a simple process that you can do right from home. If you have any questions about the process or are ready to officially apply for financing, we can help. Visit Folsom Lake Ford to meet with our team today!
