The First Time Buyer program was developed to help customers who have a limited or no credit history. If you meet the eligibility requirements listed below, you will qualify for financing under our First Time Buyer program!
Good credit is extremely important and simply means you pay back what you owe on time. Someone who pays their loans as agreed, is referred to as having a good credit history and makes obtaining financing easier in the future.
Once you've established credit under our program it is important to make payments on time and to keep your end of the agreement. Stay focused and you'll have a good credit history in no time.
Fill out the credit application.
Eligibility
To qualify for the First Time Buyer program, you must meet the following criteria:
Have no previous automobile loan or lease experience.
Have a minimum of $1000 for a down payment if you are financing.
Provide a security deposit and first payment if you are leasing.
Meet Ford credit qualification guidelines.
Meet Ford income requirements.
Meet Ford employment requirements.
Ability: Your current monthly income must be sufficient to allow you to comfortably satisfy your monthly obligations. One of the first things you need to establish is how much you can afford. We have a very helpful tool to help you figure this out. Our payment caclulator will help you determine the payment you can afford.
Stability: Minimum six months on your current job and verification of your income or a qualified co-buyer is required.
Willingness: Having no prior derogatory credit is an absolute must. Prior credit, if any, should have been paid as agreed.
