Ford Finance Center
Ford Finance Center
In Montpelier, VT
Ease Through the Auto Financing Process at Mcgee Ford Of Montpelier
The jump between car shopper and car owner is a thrilling one. Whether you plan to finance or lease your next Ford vehicle, our team here at Mcgee Ford Of Montpelier is ready to help you make that leap and guide you towards that moment when you can finally drive your dream car home. So, if you're ready to make your next move, our helpful team of auto financing experts in Montpelier will work with local banks and lenders to help you find an affordable financing solution for your needs.
Lease or Buy? We Help You Understand Both and Choose the One for You
Crunching numbers, manipulating budgets, and choosing finance options can be tricky. But, with the Mcgee Ford Of Montpelier finance team on your side, the way becomes clearer. We walk you through every step of the way and answer any questions you have. Unsure whether you're the long-term commitment kind of driver who needs a loan, or the driver who prefers to trade in your car for a new one every couple of years with a lease? We'll help you understand the nuances and benefits of both, to help you choose your best path.
Subprime Financing Options
at McGee Ford of Montpelier
At McGee Ford of Montpelier, we realize that not everyone can pay cash for a brand-new car. We also understand that some of our customers have impaired credit ratings that can pose challenges for their car loan or lease options. However, the seasoned professionals in our finance department have a "can-do" attitude when it comes to helping you find a favorable payment method. We'll crunch the numbers and explore all possibilities to tailor a solution to your unique situation.
Impaired Credit? No Problem!
Anyone can have credit problems occasionally, and they can be caused by events or incidents that were beyond your control. Some people have credit issues simply because they have limited credit histories. The financing professionals at McGee Ford of Montpelier won't judge you because of your credit score. Instead, we'll seek out any avenue available that allows you to drive the car you want at rates that won't overburden your budget.
Subprime Auto Loans
Some drivers have such low credit scores that their only alternative is to take on a subprime auto loan. In these cases, you may need to show us pay stubs, bank statements, or W2 forms for proof of income. With a subprime auto loan, you may have slightly higher interest rates and there may be prepayment penalties if you choose to pay off the loan early. However, if this is the only way you can acquire a car, we'll try to find the most affordable plan available.
Contact Our Finance Team for Solutions to Your Auto Credit Challenges
Buying or leasing a car can be stressful, but the finance team at McGee Ford of Montpelier will do everything we can to put your mind at ease. Our experienced staff will discuss your situation with you and guide you to options that fit within your financial constraints. Contact us to see how you can overcome a challenging credit rating and drive the vehicle of your dreams.
Frequently Asked Questions
What credit score do I need to finance a car?
While you technically do not need a high credit score to finance a car, most used model auto loans require a credit score of 675 or higher, while loans for new vehicles may ask for a 730 or higher credit score. The higher your credit score, the better rates and monthly payments you'll access. We'll work with you to find the best loan opportunities that match your current score.
Can you pay off a Ford loan early?
Yes, in most cases, you are allowed to pay your Ford Credit loan early. Doing so may reduce the accrued interest charges and let you pay off the contract early. However, before you do so, talk to our finance center for information about the terms of your contract. Paying off your loan too quickly prevents you from building credit, and in some specific cases, you may incur prepayment penalties.
Does Ford financing require proof of income?
Yes, you should bring proof of income when you visit our finance center to apply for Ford credit. Examples of things that may prove your income include W-2s, pay stubs, or letters of employment. Depending on your loan option, you may also be asked to provide a driver's license, proof of residence or vehicle insurance, or proof of ownership of a trade-in vehicle.
Save Time by Getting Pre-Approved for Financing
Time is valuable, and no one likes spending it just waiting around. We know you're busy and that's why we provide opportunities to streamline the car-buying process wherever possible. Before your visit, take some time to fill out our online credit application so you can get pre-approved before you come in. That way you can avoid a long wait in front of one of our desks and will have more time behind the wheel of your new ride.
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McGee Ford of Montpelier
265 River Street
Montpelier, VT 05602
- Sales: 802-223-5201
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