Auto Finance Center in Jenkintown, PA

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Purchasing a vehicle is an exciting milestone, whether it's your first one or an upgrade. There are many financing programs available to help you get behind the wheel of your dream car. In this article, we'll walk you through your financing options, the application process, payment options, and all the factors involved.

Auto Financing Options

The vehicle finance process is relatively simple: fill out a credit application to qualify for a finance program and choose the perfect financing package for your needs and budget. The two main financing options when you're car shopping are getting an auto loan, which allows you to build equity in a vehicle and ultimately own it outright, or leasing a vehicle, which often comes with lower monthly payments. Regardless of the option you choose, when you finance through John Kennedy Ford of Jenkintown, you'll get highly competitive rates and personalized finance plans.

Auto Financing Products Offered

At John Kennedy Ford of Jenkintown, we offer various financing options. These include standard purchase financing with term lengths ranging from 12 to 84 months and leases with many mileage options. With a loan to purchase, you can build equity in your vehicle, have no mileage restrictions, and can customize the vehicle to your heart's desire. A lease offers lower monthly payments, flexible mileage, terms and lease-end options, and complimentary gap coverage. You can catch a great deal on a new or pre-owned vehicle if you keep an eye on our latest incentives and offers.

Vehicle Protection Plans

At John Kennedy Ford of Jenkintown, we offer a variety of vehicle protection plans to help you safeguard your investment for years to come. These include Ford's four Protect Extended Service Plans that cover your engine parts, gaskets, and seals, plus additional plans for your tires, windshield, and dents to the vehicle's exterior. We also offer GAPCoverage in the event your vehicle gets stolen or totaled, and insurance doesn't cover everything.

To avoid unexpected expenses and costly repairs, check out our protection plans, which include a vehicle service contract that pays to repair or replace nearly any part and an environmental protection plan designed to keep your car looking as good as new.

Auto Loan Application Process

Apply for an auto loan quickly and easily with our online preapproval application. Simply spend 10-15 minutes providing personal information — including your name, Social Security number, employment status or income, date of birth, address, monthly mortgage or rent payments, email address, desired vehicle, and financing type — and you'll receive an immediate response. Once you get to the dealership, you can select your vehicle and financing type.

Auto Lease Agreement Process

If you decide leasing is the right option, you'll essentially rent a brand-new Ford from our dealership. At our finance department, you can determine the lease terms, including its length (from 24 to 48 months) and mileage caps. If you exceed your allotted mileage or put excessive wear and tear on the vehicle, you might have to pay extra fees. At the end of the lease, you have three options: return the vehicle, lease a new one, or purchase it for a predetermined amount.

Payment Options and Calculators

At John Kennedy Ford of Jenkintown, we have a convenient online payment calculator to help you estimate your monthly car payments based on your down payment, trade-in value, and interest rate. These tools let you determine which vehicles you can afford and budget accordingly. Once you've financed your new vehicle, you can use our online payment portal to manage and pay your monthly bill and set up automatic payments to ensure you never miss an installment.

Understanding Credit

When financing a vehicle, your credit score is crucial in determining the terms of your loan. The higher your credit score, the lower your interest rates and the better your financing options. Factors that can affect your credit score include payment history, credit history, amount of debt, and variety of credit. Check your credit score regularly through one of the national credit bureaus to watch for errors or sudden changes. You can take steps to improve your credit score by paying bills on time and lowering your debt.

Customer Support and Service

Vehicles are major purchases, and the financing process can seem overwhelming. That's where our dedicated finance department staff can assist. We're happy to answer any questions, help with financing inquiries, and guide you through the process. After you make your purchase, we're here to follow up and provide support with anything you might need. Our team's customer service is second to none.

Finance Your Next Ford at John Kennedy Ford of Jenkintown

If you're ready to get behind the wheel of your dream car, our finance department can make it happen. Start by getting preapproved online and using our convenient payment calculators. Then, research which financing option is right for you. Contact us to set up a test drive and complete the seamless car-buying process.