The Complete Guide to Financing a New Car

Are you looking to finance a vehicle for the very first time? Our goal here at Gilland Ford is to help you have an experience so pleasant that you’ll have no hesitations about doing it again when the time comes for you to purchase your second car. We’ve got a handful of pointers that you can follow to get started quickly, so keep reading for more information!

Assess Your Credit Score And Start Budgeting

If you haven’t already, taking the time to figure out your credit score is a smart first step, as it’ll play a significant role when it comes time for you to sit down and sign an agreement with us. The better that your credit score is, the more likely you are to land a loan from one of our lenders, and that alone can sometimes be the difference between success and failure when it comes to financing a vehicle. Knowing how much you can afford to pay monthly for a car after your initial down payment is also essential. You need to ensure that you’ll still have enough funds to cover your essential needs, hobbies, and unexpected expenses, all while still having some leftover cash that can go towards your ever growing savings.

Gather Key Documents

Once you’ve handled the monetary side of your financing journey, the next step is for you to get all the relevant documentation for your purchase in order. When you’re looking to buy a Ford Explorer, Ranger, or another model of your liking, our Finance Department team will need to see proof of income, residence, and insurance, and a valid driver’s license or state ID. This is all so that we know you are who you say you are before we move forward with the financing process.

Our Financing Options

When you’re ready, you can fill out our credit application online to get pre-approved for financing the Ford model that piques your interest the most. You’ll also want to check our dealership specials page, because we regularly have ongoing offers for our customers to save some extra money with limited-time savings for select Ford trucks and SUVs. The Ford Military Appreciate will be a program that you can benefit from significantly as well with a bonus cash offer. You can review what qualifies you for this financing option directly on our website, and our team is always on standby to answer any questions that you may have.

Looking Ahead

So, you’ve gone through the financing process and successfully brought home your new Ford. Now what? Well, aside from enjoying it to your heart’s content and driving it to local spots like Peavy Park, you should aim to preserve its longevity. Along with being your go-to means of getting around, a car is a monetary asset that can be very useful to you in the future should you ever feel inclined to trade it in. This is why we always encourage our customers to practice good driving habits, stay up to date with routine maintenance, and make their monthly payments on time to keep building their credit score. Your future self will thank you down the road, but should you need assistance, then the Gilland Ford team can be your one stop shop for all things automotive!