There are lots of options when considering how to pay for your new car. Some of your choices are cash, credit card, a bank loan and a loan from the manufacturer. We want to teach you about an auto loan option that you may not have heard of-Ford Flex Buy, flexibility for you!
What is Ford Flex Buy?
Ford Flex Buy is designed to make purchasing a car easier. It is a way to have reduced payments for the first 36 payments of your loan. Your payments will start out lower and will then increase after three years, on your 37th payment. Flex Buy is available on a 66 or 75 month term loan. You can select with a 15% or 18% payment decrement.
Why Would I Want to Use Ford Flex Pay?
Flex Pay is perfect for first-time buyers, college graduates or anyone who needs an affordable payment. It provides an easier start for those who could use a payment that meets their budget. For a recent college grad, student loans will require payments soon after graduation. With a reduced car payment now and the expectancy of a higher income in the future, Flex Pay is useful for those starting out.
Another perk is for those who like to trade for another vehicle after three years of ownership. They will have some equity built to help when trading in their vehicle.
It’s also great for those who aren’t comfortable with leasing. There are no mileage restrictions that go along with a lease.
Will I Know How Much the 37th Payment Will be?
Absolutely! You will know exactly how much your payments will be throughout the life of your loan. The interest rate will be a fixed amount and will be provided to you before you sign on the dotted line.
Can You Show Me an Example of My Payments?
We will be able to show you payment options based on the price of your vehicle, the amount of your downpayment, the interest rate and the length of your loan.
Here’s an example:
Rules for Using Ford Flex Buy
- In order to utilize the Flex Buy finance option, you must qualify through Ford Credit.
- Flex Buy cannot be used to purchase a used or certified pre-owned Ford vehicle.
Get Ford Flex Pay at Wendle Ford
At Wendle Ford, we strive to make your buying experience easy, fun and affordable. The Ford Flex Plan may be a terrific option for you. Our excellent sales staff and knowledgeable finance team are ready to provide you with personalized guidance through the buying process. They can switch up down payment amounts and loan length to show you which choice will best fit your needs and budget.
To begin the process, you can get-approved online. Starting now will get you one step closer to driving off in your dream car. If you have a car to trade, you can get a value online, too. Find your perfect ride, then come see us for a test dive. Experience how easy and transparent we are at Wendle Ford and join our Wendle Family today!
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