Polar Ford Finance Options: Driving Away in Your Dream Ford

Polar Ford offers a variety of financing options to help you get behind the wheel of a new or used Ford vehicle. Understanding these options is key to making an informed decision that aligns with your budget and financial goals.

Leasing: Flexibility and Lower Monthly Payments

Leasing allows you to drive a new Ford for a set period, typically 24 to 36 months, while only paying for the depreciation of the vehicle during that time. This often translates to lower monthly payments compared to traditional financing. At the end of the lease term, you have the option to return the vehicle, purchase it outright at a predetermined price, or lease a new Ford. Leasing is an attractive option for those who enjoy driving a new car every few years and prefer lower monthly payments.

Benefits of leasing include:

• Lower monthly payments.
• Opportunity to drive a new car more frequently.
• Covered under warranty for most of the lease term.

Traditional Financing: Ownership and Building Equity

Traditional financing involves taking out a loan to purchase a Ford. You make monthly payments over a set period (e.g., 36, 48, 60, or 72 months) until the loan is fully paid off. Once the loan is repaid, you own the vehicle outright. This option allows you to build equity in the vehicle and customize it as you see fit.

Benefits of traditional financing include:

• Ownership of the vehicle.
• Ability to customize the vehicle.
• No mileage restrictions.
• Building equity over time.

Special Financing: Overcoming Credit Challenges

Polar Ford also offers special financing options for customers with less-than-perfect credit. These programs are designed to help individuals with credit challenges secure financing for a reliable vehicle. While interest rates might be higher compared to traditional financing, these programs provide a pathway to rebuilding credit and achieving financial stability.

When exploring special financing, be prepared to:

• Provide proof of income and residency.
• Potentially make a larger down payment.
• Understand the terms and conditions of the loan.

Considerations When Choosing a Financing Option:

Before making a decision, carefully consider the following:

• Your budget: Determine how much you can comfortably afford each month.
• Down payment: A larger down payment can lower your monthly payments and interest.
• Interest rate: Shop around for the best interest rate possible.
• Loan term: A shorter loan term means higher monthly payments but less interest paid overall.
• Mileage needs: If you drive a lot, leasing might not be the best option due to mileage restrictions.

Consult with Polar Ford’s Finance Professionals

The finance professionals at Polar Ford can help you navigate the various financing options and find a solution that fits your specific needs. They can answer your questions, provide personalized advice, and guide you through the application process. Contact Polar Ford today to learn more about their financing options and drive away in your dream Ford!