Can you Finance a Car After a Lease?
Make It Yours
Leasing a vehicle, or entering into a car lease, can offer excellent flexibility, lower payments, and the ability to drive a new car every few years. However, if you’re coming to the end of your lease term and wish to keep the vehicle, you may be wondering: Can you finance a car after a lease? In many cases, yes, you can. Acquiring a car at the end of a lease term, referred to as a lease buyout, enables you to purchase the vehicle you’ve been driving, giving you the advantages of ownership. In this guide, we’ll explore how to transition from leasing to financing, key benefits of financing a lease buyout, and tips from Preston Ford of Keller on what to consider before making this choice.
Understanding Lease Buyout Financing
Financing a lease buyout means obtaining a loan to purchase your leased car outright. The buyout amount is the price set by the lessor for you to purchase the vehicle at the end or during the lease term, and it has significant financial implications. At the end of your lease, you’ll typically have the option to buy the car for its residual value—the estimated value of the car at the end of the lease. This amount is often predetermined in your lease contract.
How It Works:
- Check Your Lease Terms: Review your lease agreement for the residual value or buyout price. This buyout option allows you to purchase the car either during the lease term or at its conclusion, and it’s crucial to consider the economic implications of the buyout price in relation to the car’s market value.
- Apply for Financing: Financing options can include banks, credit unions, or even direct financing from Preston Ford of Keller, which offers competitive rates and simplified processes for lease buyouts.
- Finalize Your Buyout: Once you’ve secured financing, you’ll pay off the leasing company and officially take ownership of the car, transitioning from a lease into a loan.
Benefits of Financing a Lease Buyout
For many drivers, financing a lease buyout provides several benefits, especially if they love their current vehicle or wish to avoid the process of finding a new one. A lease buyout loan can be a viable financing option for those looking to purchase their leased vehicle at the end of the lease term.
Familiarity and Trust in the Vehicle
Financing a lease buyout means you’re keeping a vehicle that you already know well. You’re familiar with its maintenance history, overall condition, and performance. If you’re happy with how it handles and have invested time into keeping it well-maintained, buying it could be a smart choice.
Avoiding Lease-End Fees
If you’re nearing the end of your lease and your car has minor damages or excessive miles, a buyout can help you avoid costly lease-end fees. Leasing companies often charge for wear and tear beyond a certain level, as well as extra mileage fees, which can add up. Financing the car through a lease buyout lets you skip these charges.
Building Equity in the Car
One of the main drawbacks of leasing is that monthly payments don’t build any equity. Financing a lease buyout, on the other hand, gives you the opportunity to start building equity with each monthly payment. This is especially valuable if you plan to drive the car long-term.
Key Considerations When Financing a Lease Buyout
Before making a decision, consider the car’s market value, as it plays a crucial role in determining whether the buyout price is financially sensible. Let’s look at some of the key considerations to ensure a lease buyout is the right financial choice for you.
Residual Value vs. Market Value
One of the first steps in determining if a buyout makes sense is comparing the residual value (the car’s buyout price) to the current market value of similar vehicles. Check resources like Kelley Blue Book (KBB) or Edmunds to determine if the residual value is a fair price. If the car’s buyout price is lower than its market value, a lease buyout could be a great deal.
New Monthly Payments
When you switch from leasing to financing, your monthly payments may change. While lease payments cover depreciation, financed payments include the full cost of the car plus interest. This shift may result in a higher monthly payment, so it’s essential to review the loan terms and ensure that the new payment fits your budget.
Insurance Costs
If you finance a lease buyout, your insurance requirements may also change. Speak with your insurance provider to understand if financing could affect your rates, as some lenders require higher coverage levels. Preston Ford of Keller can also connect you with insurance professionals to assist in finding the right coverage.
Financing Options for Lease Buyouts
If you’re thinking, Can you finance a lease buyout?, there are several financing options to explore. Here are a few choices: Lease buyout loans come in various types, and it’s important to understand the processes involved when engaging with either a dealer or an independent lender.
Dealership Financing at Preston Ford of Keller
Dealership financing can be convenient and provide competitive rates, especially when working with experienced finance professionals who understand your goals. Preston Ford of Keller offers a streamlined process for lease buyout financing, making it easy to transition from lease to ownership.
Loans from Banks or Credit Unions
Banks and credit unions may offer favorable terms on auto loans. These institutions often work with borrowers to offer flexible terms, especially if you have an existing relationship with them. However, it’s important to compare rates and terms to find the best fit for your financial situation.
FAQs on Financing a Lease Buyout
Can you finance a car after a lease with less-than-perfect credit? Yes. Many dealerships and lenders, including Preston Ford of Keller, have financing options for various credit levels. Keep in mind that lower credit scores may result in higher interest rates, so it’s beneficial to shop around.
Is it better to buy the leased car or lease a new one? Buying a leased car can be advantageous if you’re happy with it and want to avoid the hassle of finding a new car. However, if you prefer to upgrade to a newer model, leasing again might be better for you.
How does a lease buyout compare to buying a used car? Buying a leased car often gives you more certainty since you know the car’s history. While purchasing a used car could offer more options and price points, financing a lease buyout allows you to stay with a vehicle you trust.
Ready to Finance Your Leased Vehicle?
So, can you finance a car after a lease? Yes, and it can be a smart option for those who want to keep their vehicle, avoid extra fees, and start building equity. If you’re looking to convert your car lease, financing a lease buyout allows you to keep a car you’re comfortable with and enjoy ownership benefits. Conact Preston Ford of Keller for more details today!
Financing a New Car in 2025
The Essential Guide on How to Finance Your Car Successfully
Financing a new car in 2025 is a thrilling milestone, but it can also feel overwhelming if you don’t know where to start. A successful vehicle purchase requires knowing your needs, setting a budget, and making wise choices. In this essential guide, we’ll walk you through how to finance your car, from determining what you can afford in terms of monthly car payments to factoring in long-term ownership costs like insurance, fuel, and maintenance. By considering your lifestyle, researching new and used car options, and utilizing online tools, you can make an informed choice that fits both your needs and your budget—without breaking the bank. Learn more about new car financing interest rates and get started on the road to car ownership at Preston Ford of Keller!
Choosing the Right Car for You
Choosing the right car can be a thrilling adventure, but it’s important to navigate the process with care. First, decide whether a new or used car aligns better with your budget and preferences. New cars often boast the latest features and warranties, but they also depreciate quickly. Used cars offer a more affordable option, but it’s crucial to research their history and consider potential maintenance costs. Once you’ve narrowed down your choice, dive into the world of Ford models. Compare safety ratings, fuel efficiency, and reliability to find a car that suits your lifestyle. Don’t forget to check vehicle history reports and explore every option for added peace of mind. Finally, take those potential rides for a spin! A test drive is the ultimate way to feel if a car is the right fit.
Preparing Your Finances
Before you embark on financing a new car in 2025, it’s essential to get your finances in order. Start by checking your credit history and score. This will give you a clear picture of your loan options and potential interest rates. If your credit needs a boost, focus on making payments on time and paying off any outstanding debt. Saving up for a down payment is another smart move. A larger down payment when financing a new car in 2025 can lower your loan-to-value ratio, making it easier to secure a loan with favorable terms. Finally, shop around for the best loan deals. Compare car interest rates and terms from different lenders to find the one that aligns with your financial goals. By taking these steps, you’ll be well-prepared to make a wise decision and drive off in your dream car.
Financing Options for First-Time Car Buyers
Financing a new car in 2025 can seem daunting. Don’t worry, there are options to help you get behind the wheel! First-time car buyer programs often offer special financing deals and incentives, so be sure to check with dealerships and lenders. You can also explore loans from various sources, including banks, credit unions, and online lenders. To get a sense of your potential rates and terms, look for lenders that offer prequalification or preapproval. If your credit history isn’t stellar, consider cosigning with a trusted friend or family member with good credit. Consider these financing options to find a plan that works for your budget and helps you achieve your goal of car ownership.
Getting Preapproved for an Auto Loan
Before you step onto our dealership lot, you can get preapproved for an auto loan. By applying with lenders beforehand, you’ll gain valuable insights into potential interest rates and loan terms. Simply provide information about your credit history, income, and employment status to get started. This strategic move empowers you to negotiate confidently and helps you to secure the best possible deal on your dream car. Get pre-approved by filling out a finance application here!
Common Mistakes to Avoid
When financing a new car, it’s easy to get caught up in the excitement and make some common mistakes. One of the biggest pitfalls is letting your heart rule your head. Avoid buying a car that’s cool but impractical or unsafe. Before you even step into a dealership, do your research. Compare prices, features, and financing options from different manufacturers and dealerships. And don’t forget to check your credit history and score. A good credit score can significantly affect your interest rate and loan terms. By avoiding these common mistakes, you can make a smart and informed decision that will keep you on the road for years to come.
Should I Buy a New Car in 2025?
Financing a new car in 2025 could be a promising year for car buyers. As the chip shortage and supply chain issues ease, we can expect increased inventory and potentially better deals. Additionally, advancements in automotive technology, such as electric vehicles and advanced safety features, are likely to be more prevalent in 2025 models. However, factors like rising interest rates and economic uncertainty could influence pricing and financing options. Finding a new car with no interest financing is rare but not impossible. Ultimately, the best time to buy a car is when it aligns with your personal needs and financial situation. Research, compare prices, and negotiate to maximize your savings.
New Ford Car Financing Made Easy
As you embark on the journey of financing a new car in 2025, remember to take your time and make informed decisions. Carefully consider your budget, lifestyle, and specific needs to find the perfect vehicle. Don’t hesitate to seek advice from our finance team, who will provide helpful guidance and support every step of the way. By following these tips, you’ll be well-equipped to make a smart purchase and enjoy many happy miles ahead. Fill out a finance application, start browsing our inventory online, and head to Preston Ford of Keller to buy a new car in 2025!
How to Finance Your First Car
Should I Finance My First Car?: Essential Tips & Things to Consider
Buying your first vehicle is an exciting milestone, but it can also be a bit overwhelming. With the proper knowledge and our top tips, you can navigate how to finance your first car with confidence. At Preston Ford of Keller, we’re proud to be a proud member of the Preston Automotive Group, which is comprised of car dealerships that finance first-time buyers. Here’s your user-friendly guide on how to finance your first car successfully at Preston Ford of Keller. Keep reading to learn more about when you should finance a car and fill out a quick credit application.
Understanding Your Needs and Budget:
If you’re pondering the question: “Should I finance my first car?” Don’t fret. We have the answers for you on how to finance your first car. Start by doing the following:
Assess Your Financial Situation
Start by mapping out how much you can comfortably afford for a monthly car payment. Consider your income and monthly expenses to find a realistic budget. Calculate your potential payments for your Ford with our reliable Payment Calculator tool. Just input your loan amount, interest rate, and any other required details.
Identify Your Lifestyle Needs
When deciding how to finance your first car, consider what you need in a car. Do you require fuel efficiency for long commutes, or are safety features a top priority? Reliability is key for heightened peace of mind, so factor that into your decision-making when browsing our inventory.
Research Car Prices
Take the time to research and compare the prices of new and used cars. Online tools can help you estimate the total cost of ownership, including insurance, maintenance, and fuel costs, ensuring you find a car that fits your budget.
Building Your Credit History
As a first-time car buyer, building your credit history is essential for securing a good auto loan and getting a favorable interest rate. A great credit score can help you qualify for better loan terms, lower interest rates, and lower monthly payments. Here’s how you can start building and improving your credit history to make your car-buying process smoother.
Importance of Credit for Financing
Your credit history plays a huge role in calculating your creditworthiness and the interest rate you qualify for. A good credit score can allow you to save money on interest and lower your monthly payments. On the other hand, a poor credit score can cause higher interest rates and higher monthly payments. This means that taking steps to improve your credit score can have a significant impact on your overall car purchase experience.
Choosing the Right Car for You
Knowing how to finance your first car also entails choosing the right car for you, which involves considering your lifestyle, budget, and personal preferences to ensure you find a vehicle that perfectly meets your needs.
New vs. Used
Decide whether you want a new or used car. New cars depreciate faster, while used cars often come with lower insurance costs and less depreciation. Weigh these factors to see what makes sense for you.
Compare Models
Look into different models that meet your criteria. Safety ratings, fuel efficiency, and overall reliability are essential factors. If you’re considering a used car, check its vehicle history report, and consider certified pre-owned options for added peace of mind.
Test Drive
Never skip the test drive! It’s crucial to experience how a car feels and performs before making a commitment. Head to Preston Ford of Keller for a test drive and find your perfect fit.
Financing Options for First-Time Car Buyers
Confused about car financing? We’ll break down the options for first-time buyers:
Explore First-Time Buyer Programs
Many loan lenders offer special financing options for first-time car buyers. These programs can provide valuable benefits, so be sure to research them.
Get Prequalified
Be on the lookout for lenders that offer prequalification or preapproval. This can give you a better idea of what rates and terms you might expect. Fill out an application online and get quick pre-approval today!
Consider a Cosigner
If your credit isn’t strong, consider asking a friend or family member with good credit to cosign your loan. This can help you lock in better financing options.
Explore Appreciation Programs
Ford offers a $500 bonus cash incentive to eligible first-time car buyers, including college graduates, military personnel, first responders, and Farm Bureau members. These kinds of incentives can significantly reduce the upfront cost of purchasing or leasing a new Ford vehicle from our Keller, VA, Ford dealer. This Ford incentive can be a valuable tool for first-time car buyers to lower their overall financing costs. By reducing the total purchase price, you may also qualify for a smaller loan amount. Lower monthly car payments and less interest paid over time can be a direct effect from this.*
Common Mistakes to Avoid
Now that you’re aware of how to finance your first car, here are some things you want to steer clear of during the process:
- Overspending: Don’t let emotions drive your purchase. Stick to your budget. Need help with this? Contact us, and we’ll be happy to help!
- Neglecting Safety: Choose a car that is both appealing and reliable.
- Skipping Research: Always compare prices and financing options before committing.
Should I Lease or Finance My First Car?
Deciding between leasing and financing your first car can be a tough choice. Leasing a vehicle offers lower monthly payments and the chance to drive a new car every few years. However, you won’t own the car and may face mileage restrictions. Financing, on the other hand, lets you own the car outright, but monthly payments are typically higher. Consider your budget, driving habits, and long-term goals to make the best decision. If you have any questions or concerns regarding leasing or financing your first car, contact us at Preston Ford of Keller where our finance team will be happy to assist you.
When is the First Payment Due?
Your first vehicle payment is due sometime between 30 and 60 days from the loan’s finalization date. The specific due date will be listed on your Promissory Note.
Take the Next Steps
Buying your first car is a significant decision, and it’s crucial to approach it with the right information. Keep your budget, lifestyle needs, and financing options in mind as you navigate this process. Take your time, don’t rush, and consider reaching out to a lender or financial advisor for support along the way. Now that you know how to finance your first car, it’s time for the exciting part. Fill out a finance application online and head to Preston Ford of Keller to find the car of your dreams!
*See dealership for details.
Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user “as is” without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Prices include all applicable rebates and require FMCC financing and exclude taxes, tags, and $799 dealer doc fee. Destination is included. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week.
Auto Loan Rate Forecast for 2025
Auto Loan Rate Trends and Predictions: What to Expect for Borrowers with Good Credit
The economy’s recent twists and turns have left many wondering, “When will car interest rates drop?” and anticipating when car loans will become more affordable. The 2025 auto loan rate forecast shows that loans are on a downward trajectory, offering a much-needed reprieve for good-credit borrowers. This means lower monthly payments and increased affordability for car buyers. While used car rates might remain slightly higher, averaging around 10%, the overall trend is positive. This decline in interest rates is expected to continue, with average rates for new and used cars potentially falling to 7% and 10%, respectively, by late 2025. Tune in to learn more about the 2025 auto loan rate forecast and fill out a finance application at Preston Ford of Keller today!
Factors Affecting Car Loans
Before we dive into the auto loan rate forecast for 2025, we must first understand what affects your car loans. Your credit score is the leading factor determining your auto loan interest rate. Borrowers with excellent credit typically secure lower rates for new cars. Lenders evaluate various factors, including your loan term, credit history, and income, to determine the interest rate you’ll qualify for. Vehicle prices and inventory levels can also influence auto loan rates. Higher-priced cars may come with higher interest rates. And let’s not overlook the broader economic conditions – inflation rates and the overall state of the economy also play a role in shaping auto loan rates.
Impact of Interest Rate Changes
Interest rate changes have a ripple effect on the 2025 auto loan rate forecast. Lower interest rates mean lower monthly payments, making cars more affordable. Conversely, higher interest rates can lead to increased payments, potentially straining the finances of some borrowers. As interest rates decline, we may see a decrease in auto loan delinquencies as consumers regain their financial footing. When it comes to the benefits of lower interest rates, new car buyers are likely to see them first, while used car buyers may experience a slight delay.
Strategies for Getting a Better Auto Loan
To secure a better auto loan, start by improving your credit score before applying. This can significantly boost your chances of qualifying for competitive rates. Shopping around for quotes from various lenders, including credit unions, banks, and online lenders, is crucial for finding the best deal. Consider a shorter loan term to reduce interest payments and potentially lower your overall rate. Making a larger down payment can also help, as it decreases the loan amount and risk for the lender. And if you’re struggling to qualify for a favorable rate on your own, consider using a cosigner or co-borrower with good credit. Fill out an online credit application here!
Will Car Interest Rates Go Down in 2025?
The Federal Reserve’s rate cuts are expected to lead to a decline in auto loan rates, making it cheaper for consumers to borrow. Lower interest rates mean car buyers can expect lower monthly payments and improved affordability. Average car loan rates are expected to decline below 6% for new car loans and 10% for used car loans by late 2025. According to Cox Automotive’s 2025 auto loan rate forecast, while recent interest rate cuts are a positive step, it could be months before there’s a noticeable decrease in auto loan rates.
Next Steps for Consumers
For good-credit borrowers, improving credit score can be a game-changer, potentially cutting your auto loan rate in half. Finding the best deal on a car purchase requires a combination of factors, including a strong credit score and a strong willingness to negotiate. By following these tips, you can secure a good deal and maintain a budget fit for your finances. It’s important to be patient and understand the expected trajectory of the 2025 auto loan rate forecast in the coming months. Due to increased competition, auto loan lenders may offer more competitive rates. However, borrowers with poor credit scores should anticipate higher interest rates. If you find yourself lost or confused about auto loans, contact us today!
We’re Here for You
Head to Preston Ford of Keller, where our team will assist you in finding the best auto loan rates in Virginia. Together, we will help you navigate the 2025 auto loan rate forecast and help you find the right vehicle for your budget and lifestyle!
Used Car Financing Tips For 2024
Smart Used Car Financing Tips to Help You Get a Good Deal
You’ve found the perfect used car at Preston Ford of Keller. Now, let’s make it yours! Navigating car financing can be a bit daunting, but with these helpful tips, you’ll be cruising down the road in your new-to-you ride in no time. Keep reading to discover the best way to finance a used car and get pre-approved for financing at Preston Ford of Keller today!
Credit Score: Your Key to a Great Car Loan
A good credit score is a key player in our used car financing tips, as it can lead to lower interest rates and better loan terms. Consider your credit score to act as your financial reputation. Lenders often view it as a sign of responsible borrowing, which means they’re more likely to offer you favorable deals. An excellent credit score can open doors to lower interest rates, saving you money in the long run. On the other hand, a lower credit score could potentially result in higher interest rates, making your monthly payments more expensive.
Preparing for Financing: A Step-by-Step Guide
Before you start shopping for a used car, it’s essential to get your finances in order. Begin by creating a budget that outlines how much you can alot for monthly car payments. Experts suggest keeping your car payment to around 10-15% of your net income. Use an auto loan calculator to get a better grasp of your budget and loan terms. Another smart move is to get pre-approved for a used car loan before you start your search. Getting pre-approval for financing gives you more bargaining power when negotiating both the car’s price and the financing terms.
Shopping Around & Comparing Options
Once you’re financially prepared, it’s time to start shopping for your car. Research safe and reliable models that match your needs and budget. Create a list of your top five options and compare reviews and safety ratings. Consider looking at our certified pre-owned vehicles for added peace of mind and extra perks like:
- AutoCheck® Vehicle History Report
- Full tank of gas
- Two sets of keys
- Five-day 300-mile exchange
- Available extended service contracts
- Preston Lifetime Engine Guarantee
How Long Can I Finance a Used Car?
Typically, used car loans last anywhere around 36 to 72 months. But as more people are turning to pre-owned vehicles, lenders have been offering longer financing terms. Now, you might find loans that extend to 84 months or even longer. It’s important to note that while longer terms can lower your monthly payments, they can also increase the total amount of interest you pay over the life of the loan.
Understanding Your Car’s Past: Vehicle History Reports
Knowing a car’s history can help you make an informed buying decision. At Preston Ford of Keller, our free vehicle history reports gives you peace of mind, which is just one of the many perks of the Preston Pre-Owned Program. Our inventory includes AutoCheck® Vehicle History Reports that provide detailed information about the car’s past. You’ll have access to details like accident reports, title and registration data, and more. This transparency ensures you have a complete picture of the car’s condition before you buy.
Finalizing the Purchase
Before you drive off the lot in your new-to-you car, it’s crucial to carefully review and understand all the loan terms. Here’s what you need to do:
Read Every Document: Take your time to read through all the loan and purchase documents.
Check for Accuracy: Verify that the interest rate, loan amount, and other details are correct.
Ask Questions: If you have any questions or uncertainties, don’t hesitate to ask the salesperson for clarification.
By reviewing and understanding the paperwork, you’ll ensure a smooth and hassle-free car-buying experience.
Bonus Tips for Success
Check Your Credit: Get a free credit report to see where you stand. A stellar credit score can aid you in negotiating better terms. Fill out an online credit application here!
Do Your Research: Know the fair market value of the car you want to compare prices.
Save Up for a Down Payment: A larger down payment sum means a smaller loan, which can then lead to lower monthly payments and interest rates.
Consider a Cosigner: A good credit cosigner can improve your chances of getting approved and getting a better interest rate.
Map Your Payments: Need a better visual of your financing? Check out our handy online payment calculator to account for your vehicle expenses.
Stress-Free Car Financing at Preston Ford of Keller
At Preston Ford of Keller, we believe buying a car should be a simple and enjoyable experience. So along with our best used car financing tips, we supply a range of tools and resources to make the process as easy as possible. Our team is here to guide you through the process, from picking the perfect pre-owned vehicle to securing the best financing options. With our wide selection of high-quality pre-owned cars, you’re guaranteed to find the perfect fit for your needs and budget. You’ll also gain access to our wonderful Preston Pre-Owned Program, which offers three tiers: Gold, Silver, and Bronze. Each tier comes with our Preston Lifetime Engine Guarantee, ensuring your peace of mind. Put our used car financing tips to good use, visit our dealership to explore our inventory and discover the benefits of each tier!
Understanding the Benefits of the Ford New Car Warranty: Top Things to Consider
Congratulations on your new Ford! To make the most of your ownership experience, it’s essential to understand the warranty that comes with your vehicle. The New Vehicle Limited Warranty is a cornerstone of your Ford ownership. It provides coverage for specific components and has a set duration. Ford covers a wide range of repairs and mechanical components under different warranty plans, ensuring that you only need to pay a deductible for repairs while Ford takes care of the remaining costs. By understanding the details of your new Ford car warranty, you can drive with the utmost confidence and heightened peace of mind. Ready to explore your Ford options? Visit Preston Ford of Keller today and find the perfect car to match your lifestyle and get an equally thrilling warranty.
Ford’s Commitment to Quality: Understanding Your New-Vehicle Warranty
Ford is dedicated to building reliable and durable vehicles. Their new Ford car warranty reflects this commitment, providing comprehensive coverage for defects in materials or workmanship. To ensure you’re fully informed, let’s explore the details of Ford’s new car warranty, including the specific components covered and the duration of coverage.
What Does Ford’s Powertrain Warranty Cover?
Ford’s new car warranty covers defects in parts and workmanship, protecting your investment. While normal wear and tear is not covered, major issues like engine or transmission problems, including essential internal parts, are. Ford will repair these using genuine OEM parts, saving you time and money.
Ford’s Commitment to Quality
Your new Ford car warranty comes with a solid foundation of protections designed to shield your investment. Let’s break down the different types of coverage available:
Vehicle Limited Warranty: The Vehicle Limited Warranty is your Ford’s comprehensive protection plan. It covers repairs or replacements needed for any manufacturing defects in materials or workmanship. For the first 3 years or 36,000 miles, you’re covered from bumper to bumper. This means if something goes wrong due to a manufacturing issue, your Ford dealership will fix it at no cost (excluding wear and tear). Items like brake pads are considered normal wear and tear and are not included in the warranty but are necessary for regular maintenance. The warranty details vary by vehicle component, so be sure to review the specifics for your Ford model.
Powertrain Warranty: The Powertrain Warranty is your extended new Ford car warranty protection for your truck’s core components. For 5 years or 60,000 miles, it covers essential parts like the engine, transmission, and drivetrain. This includes the rear-wheel drive system, ensuring comprehensive protection for your vehicle’s powertrain. The Ford Powertrain Warranty covers various mechanical components of your vehicle, including the engine and transmission parts, for a duration of five years or 60,000 miles. Ford’s Powertrain Warranty is comparable to the extended warranties offered by other popular car brands, making it a valuable addition to your Ford ownership.
Power Stroke® Diesel Warranty: If you own a diesel-powered Ford, the Power Stroke® Diesel Warranty offers an added layer of protection. This warranty extends coverage for your powerful Power Stroke® engine to 5 years or 100,000 miles. For new heavy-duty Ford vehicles, the emissions defect warranty lasts for five years or 50,000 miles and includes coverage for tire defects that impact compliance with greenhouse gas regulations.
Safety Restraint Warranty: The Safety Restraint Warranty ensures your Ford’s airbags and seatbelts (Supplemental Restraint System) are protected for 5 years or 60,000 miles. This warranty provides vital safety coverage for you and your passengers. Routine maintenance items like wiper blades are not covered under the new car warranty, highlighting the owner’s responsibility for regular upkeep.
Corrosion Warranty: The Corrosion Warranty is a new Ford car warranty that safeguards your Ford’s body from rust and corrosion. The coverage varies based on the type of damage and the specific vehicle model:
- Non-perforating damage (cars & light trucks): 3 years or 36,000 miles
- Perforating damage (cars & light trucks): 5 years or unlimited miles
- Aluminum panels on specific models: 5 years or unlimited miles (no perforation required)
Considering an Extended Warranty?
If you want extra protection beyond your vehicle’s initial warranty, a Ford Protect Extended Service Plan can be a valuable option. These plans offer various levels of coverage, including:
- Transferability: Protect your investment even if you sell your Ford.
- Roadside Assistance: Get help if you encounter car trouble.
- Rental Vehicle Benefits: Stay mobile if your Ford needs repairs.
- Unexpected Repair Cost Protection: Avoid unexpected expenses.
Choosing the Right Extended Warranty
When deciding on an extended warranty, consider factors like:
- Vehicle reliability: How dependable is your Ford model?
- Average repair costs: What are the typical repair costs for your vehicle?
- Warranty provider: Compare Ford-backed warranties to independent options.
Ford’s extended warranties are known for their quality and comprehensive coverage. By comparing different plans, you can find the one that best suits your needs and provides the protection you’re looking for.
Uncovering the Benefits of New Car Warranty
A new Ford car warranty not only protects your wallet but also boosts your vehicle’s resale value. Knowing your car is covered for a significant period allows you to focus on enjoying the drive without the constant worry of unexpected repair costs. Additionally, a warranty can instill confidence in the quality of your Ford, as it demonstrates the manufacturer’s belief in their product. And when it comes time to sell your car, a valid warranty can make it more attractive to potential buyers, potentially increasing its resale value.
Does a Used Ford Come with a Warranty?
Ford Blue Advantage vehicles come with any remaining coverage from their original warranty. Plus, Ford offers a 1-year/12,000-mile Comprehensive Limited Warranty that starts after the original warranty ends or when you buy the car. To fully understand the coverage, compare certified pre-owned warranties to new Ford car warranties.
Your Ford, Your Future: Warranty and Beyond
Owning a Ford is more than just driving. It’s about the journey ahead. Understanding your new Ford car warranty is a crucial step in ensuring a smooth and enjoyable ownership experience. Visit Preston Ford of Keller today to learn more about your new Ford car warranty coverage and discover the many benefits of driving a Built Ford Tough® vehicle!
The Advantages of New Car Safety Features
Explore Ford’s Cutting-Edge Safety Features
Feeling lost in the world of new car safety features? At Preston Ford of Keller, your safety is our number one concern. That’s why we’re here to guide you through the latest features of your favorite Ford vehicles. Discover innovative new car technologies designed to keep you protected on every journey. Visit Preston Ford of Keller today and explore our selection of Ford models packed with advanced new car safety features!
How Safety Features Transformed Cars
Before we dive straight into new car safety features, let’s take a quick cruise down memory lane. Cars went from hazard-prone contraptions to shielded cocoons thanks to a safety revolution. In the early 1900s, a windshield and a glance in the rearview mirror were your best bets. Thankfully, car safety features have come a long way from their nonexistent beginnings. The 1960s saw a turning point with mandatory seatbelts and stronger car structures further bolstering occupant protection. Airbags and anti-lock brakes, introduced in the late 70s and 80s, were game-changers for preventing injuries. The late 20th and early 21st centuries witnessed a technology explosion, paving the way for the advanced safety features that keep us safe today. We’ve graduated from hoping for the best to having a whole team of technological assistants watching our backs (and sides, and fronts!). From the first windshields that offered a basic shield from the elements to automatic emergency braking that can stop us in our tracks, car safety features have become an invisible guardian angel on every journey. It’s a fascinating evolution and one that’s constantly pushing the boundaries of what’s possible to keep us safe on the road. Let’s take a look at why!
Don’t Leave Safety to Chance: Why Every Car Needs Advanced Features
Hitting the road shouldn’t mean white-knuckling it. Whether you’re eyeing a new car or a pre-owned gem, prioritizing new car safety features is an investment in peace of mind. Here’s why:
Your Guardian on the Go: Features like Automatic Emergency Braking (AEB) and Lane Departure Warning are your extra set of eyes. They can sense potential dangers and take action, preventing accidents entirely or minimizing the impact. It’s like having a guardian angel built right into your car.
Drive with Confidence, Save More: By helping you avoid accidents, these features can keep your driving record clean. That translates to potentially lower insurance rates, leaving more money in your pocket for the adventures you deserve. Peace of mind and financial benefits? Now that’s a win-win!
Ford Co-Pilot360® Technology: Ford New Car Safety Features
Many Ford models now come standard with Ford Co-Pilot360®, a suite of advanced driver-assist features designed to make every drive smoother and safer. Here’s how it keeps you covered:
Stay Centered: Lane-Keeping System uses cameras to detect lane markings and gently nudges you back if you start to drift.
See Potential Collisions: Pre-Collision Assist with Automatic Emergency Braking uses radar and cameras to warn you of potential obstacles ahead and can even apply the brakes to help avoid them.
Change Lanes Confidently: BLIS® (Blind Spot Information System) with Cross-Traffic Alert uses radar to detect vehicles in your blind spot and when backing up, keeping you informed of your surroundings.
Effortless Highway Cruising: Adaptive Cruise Control lets you set your desired speed and maintains a safe distance from the car ahead, reducing fatigue on long trips.
Master Hills with Ease: Hill Descent Control automatically controls your speed when going downhill, allowing you to focus on steering.
Park with Confidence: The Rear View Camera provides a clear view behind your car on the dashboard screen, eliminating blind spots and making parking maneuvers a breeze.
Extra Support in Tight Spots: Evasive Steering Assist helps you maneuver around obstacles detected by the system.
Ford Co-Pilot360® goes beyond just these features, offering a range of additional technologies depending on the specific Ford model. Visit Preston Ford of Keller today to explore the latest Ford vehicles equipped with Ford Co-Pilot360® and experience a more relaxed and confident commute with Ford’s new car safety features covering you every mile of the journey.
Safer Drives Start Here
At Preston Ford of Keller, we believe safety shouldn’t be an afterthought. It is the foundation for every drive. With the assistance of Ford Co-Pilot360® and a vast selection of vehicles equipped with the new car safety features, we’re here to help you find the perfect Ford for you and your loved ones. Visit us today for a test drive and experience the peace of mind that comes with advanced new car safety technology on your side. We look forward to putting you behind the wheel of confidence!
A Diverse Selection: New Car Inventory Levels In 2024
The COVID-19 pandemic of 2020 sent shockwaves through the global economy, and the automotive industry was no exception. A severe shortage of computer chips, which are essential components in modern vehicles, brought production to a standstill. With no additional vehicles being brought to car dealerships, their inventories were depleted without any foreseeable recovery. Despite the reduction in vehicles available, an unwavering consumer desire for new cars still persisted. As the chip crisis has gradually eased over the past couple of years, dealerships are restocking their lots. The result? An unprecedented surge in new car inventory levels in 2024, surpassing even pre-pandemic abundance.
In today’s rapidly evolving automotive market, staying informed about vehicle availability across various auto brands is crucial for car shoppers. Just as diversity enriches our lives, a wide selection of vehicles empowers you to find your ideal match. Preston Ford of Keller understands this principle and is proud to offer an extensive inventory of new cars for 2024. We invite you to explore our diverse selection of new car inventory levels currently available on our lot by scheduling a test drive of your potential new ride.
Why New Car Prices Haven’t Dropped
The automotive market is experiencing a unique shift. While dealerships are brimming with new car inventory levels in 2024, prices haven’t followed the expected downward trend. Despite the increased inventory, the average transaction price of new vehicles remains stable. This is primarily due to the integration of advanced technologies that enhance safety, comfort, and performance. These innovations contribute significantly to the overall cost of a vehicle. However, this doesn’t mean you’re locked into paying a premium price. With increased inventory, you now have greater negotiating power. Our dealership is committed to helping you find the perfect vehicle at a price that works for you. Your options include:
- Vehicles Under $30K: If you’re working on a budget, but you want some of the newest vehicles from our new car inventory levels in 2024, we have some vehicles that fit perfectly with your preferences.
- Current Event Offers: Stay updated with incredible offers that change periodically, ensuring you get the best deals on models you’ll love.
- Frog Specials: Our dealership always has new car inventory deals you wouldn’t want to miss out on. Be sure to check in with what specials we have going on year-round!
- Negotiate with Confidence: The days of non-negotiable sticker prices are behind us once more. Now that the COVID-19 pandemic has dwindled down, you can confidently visit our dealership to potentially negotiate a fair price. Let’s work together to get you the best deal.
We understand that our new car inventory levels in 2024 have significant investment opportunities. That’s why we’re dedicated to providing exceptional service and support throughout the entire process.
Discover Your Perfect Ford From Our New Car Inventory
Gone are the days of endless car searches. Our current new car inventory levels are brimming with options, ensuring you find the ideal Ford. From sleek SUVs to powerful trucks, we’ve got you covered. Explore our online inventory or visit Preston Ford of Keller to experience our vehicles firsthand. Our knowledgeable team is here to guide you every step of the way. Our senior director of sales, with extensive experience in the automotive industry, ensures that our inventory meets the highest standards.
Our user-friendly website lets you filter our new car inventory levels in 2024 by features, prices, and more. Found your dream car? Schedule a test drive with just a few clicks.You can also consider leasing as a way to drive a new car without a long-term commitment. Beyond our dealership specials, explore additional savings opportunities found within the Ford brand. We keep our website updated in order to provide you with the most up-to-date information on vehicle availability and pricing. These include:
Ford EV Tax Credit: Take advantage of potential federal tax credits of up to $7,500 when you purchase a qualifying Ford electric vehicle. These credits can contribute to a significant cost reduction in your new EV or hybrid and help you save on your tax return.
Ford Recognizes You: As a token of our appreciation, our 2024 Ford new car inventory levels are eligible for Ford Recognition Programs. Military personnel, students, first responders, and farmers can enjoy additional savings on their new Ford purchases up to $500.
Ready to experience everything our dealership has to offer to help secure you the best savings? Contact us today to explore available incentives, learn more about our impressive new car inventory, and schedule a test drive. Our dedicated team is here to help you find the perfect Ford to fit your lifestyle and budget.
Adventure Awaits: Shop For Your Next Car Today
Ready to discover your perfect Ford? Look no further than Preston Ford of Keller. Our 2024 new car inventory levels are packed with options to suit every lifestyle. Among our extensive inventory, you’re sure to find the vehicle that’s right for you. Experience the thrill of driving your dream car with a test drive and explore many ways to save. Visit us today to get started!
Ford New Car Financing Vs. Used Options
Navigating New vs. Used Car Financing: What’s Best for You?
So, you’ve decided it’s time for a new (or new-to-you) car! But with so many auto financing options available, navigating new vs. used car financing can feel overwhelming. There’s no need to stress when you have a whirlwind of knowledge right at your fingertips! Preston Ford of Keller is here to help you steer toward the perfect financing solution for your needs and budget. Whether you are researching 0% APR new car financing or browsing the latest deals on used vehicles to finance. Keep reading to learn more about new vs. used car financing options, and head to Preston Ford of Keller to shop for our new and used vehicles!
Car Loans Explained
Before we discuss the specifics of new vs. used car financing, let’s consider auto loans in general. These are installment loans with interest rates and loan terms that significantly impact your finances. Many lenders offer auto loans, from traditional banks to online providers and even dealerships like Preston Ford of Keller. A down payment, otherwise known as the initial cash you put towards the car, can influence the interest rates you’re offered.
Understanding New vs. Used Car Interest Rates
When shopping for a car, the sticker price might grab your attention first, but it’s the car loan interest rates that truly impact your wallet over time. Here’s why understanding new vs. used car financing interest rates is crucial:
Interest = More Money Out of Your Pocket: A higher interest rate means more money is tacked onto your loan each month. This can significantly impact your budget and stretch out how long it takes to pay off your car.
Credit Score, Loan Term, Lender: Your credit score, the length of your loan (term), and the lender you choose all play a role in determining your interest rate. Knowing these factors empowers you to shop around and secure the best deal when considering new vs. used car financing terms.
Informed Decisions, Better Financial Future: By understanding new vs. used car interest rates, you’ll be able to compare lenders more effectively and choose financing that fits your budget. This sets you up for a smoother financial ride down the road.
New vs. Used Car Comparison
Let’s break down the key differences between financing a used car and financing a new Ford car:
New Cars: Higher upfront costs and a steeper depreciation curve mean a greater chance of being “upside down” on your loan (owing more than the car’s worth). When considering the car cost, it’s important to factor in depreciation and how it affects the overall value of the vehicle over time. However, new cars typically boast lower interest rates and the peace of mind of a manufacturer’s warranty.
Used Cars: Pre-owned cars offer lower purchase prices and slower depreciation. However, potential repairs down the road should be factored into your budget. Used car loans often have higher interest rates than new car loans.
Auto Loans: This is a general term encompassing both new and used car loans.
Dealership Financing: Many dealerships offer financing options directly through their in-house finance departments. Be sure to compare these rates with other lenders to ensure you’re getting the best deal. At Preston Ford of Keller, we’re committed to helping you find the perfect car and the financing to match. We work with a variety of lenders to secure competitive rates for our customers.
New vs. Used Car Loan Options
Interest Rates: Generally, new car loans offer lower interest rates due to the perceived lower risk for lenders. When planning a car purchase, it’s essential to compare different financing options to find the best deal. Used car loans typically have higher interest rates to offset the perceived higher risk associated with an older vehicle.
Loan Terms & Down Payment: Used car loans often have shorter loan terms and smaller loan amounts (thanks to the lower purchase price) compared to new car loans. However, a smaller down payment on a used car might negate any interest rate advantage.
Credit Score: Your credit score significantly impacts the loan terms you’ll qualify for, regardless of whether you’re financing a new or used car. A higher credit score unlocks better interest rates and loan options.
Managing Your Car Loan
Once you secure new or used car financing, responsible management of your car payment is key.
Sticking to Budget: Maintain a realistic budget and understand how your car payment fits into it.
Early Payments: Consider making additional payments to pay off your loan faster. However, this can sometimes affect your credit score, so research your lender’s policy before doing so.
Get Started Today
Whether you’re deciding on new vs. used car financing, financing a car is a significant decision. Ensure you understand the monthly payment obligations and how they fit into your overall budget. Ensure you check your credit score and report for accuracy, as a good score unlocks lower interest rates and gets you one step closer to your new car financing options. To get started, fill out a finance application online and visit Preston Ford of Keller to find the vehicle of your dreams!
Is It Cheaper To Insure a New Car Or a Used Car?
Is It Cheaper To Insure a New Car Or a Used Car?
Have you ever wondered if driving off the lot in a shiny new car comes with a hidden insurance cost? The answer, like many things in life, is: it depends. That is why it’s important to be in the know about insurance costs for a new car or a used car. Here at Preston Ford of Keller, we want to help you make informed decisions, so we’re diving deep into the world of new car vs. used car insurance.
Factors Affecting Insurance Cost
So, is it cheaper to buy a new car or a used car? Regardless of whether your car is new or has a few miles under its hood, let’s explore the key players:
Depreciation and replacement value of the vehicle: New cars depreciate rapidly, meaning their value decreases quickly compared to older cars, which tend to retain their value for longer. Insurance companies base premiums partly on the cost of replacing your car if it’s totaled. A lower replacement value for a used car often translates to lower insurance costs.
Advanced technology and repair costs of new cars: Packed with complex electronics and features, new cars can be expensive to repair. Advanced sensors, cameras, and touchscreens come with a hefty price tag, which insurers factor into premiums for newer vehicles.
Insurance Requirements and Costs
Financing a new car throws in additional considerations, such as lender requirements. Lenders often require comprehensive and collision coverage to protect their investments. This “full coverage” can significantly impact your premium compared to liability-only coverage you might choose for a used car purchase.
Types of Car Insurance Coverage
- Liability Coverage: In most states, liability coverage is legally required on your vehicle. If you get in a car accident, liability coverage assists you in paying the expenses of the other people involved in the accident. The two components involved in liability coverage are bodily injury and property damage.
- Personal Injury Plan (PIP): A personal injury plan, also known as no-fault insurance, will provide coverage regardless of who actually caused an accident. Similar to liability coverage, this insurance assists you in covering the medical expenses of you and your passengers, as well as any household expenses or lost wages caused by the accident.
- Full Coverage: Full coverage is an all-encompassing term that refers to liability coverage, PIP, comprehensive coverage, and collision coverage.
- Comprehensive Coverage: Protects your vehicle from any non-accident damage, such as theft, environmental damage, or vandalism. It is often required if you are leasing or financing your vehicle.
- Collision Coverage: Helps the repair or replacement of your vehicle if you face an accident that is caused by an object or another vehicle.
Medical Payments Coverage (MedPay): Similar to PIP, MedPay will cover any medical expenses caused by an accident. The key difference between PIP and MedPay is any lost wages from an accident is not included with MedPay.
Discount Options and Savings
Look for discounts based on safety features in your car (like airbags and anti-theft systems), good driving records, and participation in defensive driving courses. New car discounts are often available for vehicles less than three years old. Companies like USAA, Nationwide, and GEICO offer discounts for specific vehicles with certain safety features. Similarly, American Family Insurance and others reward good driving records with lower premiums, regardless of car age.
Finding the Right Car Insurance
Now that you understand the factors at play, it’s time to find the perfect insurance company for your needs. Start this process by getting quotes from multiple companies like USAA, Nationwide, GEICO, and American Family Insurance. Don’t forget to compare coverage options and read reviews before making a decision.
Top Insurance Companies for Used Vehicles
It’s important to remember that USAA and Nationwide are often considered the cheapest car insurance companies for used vehicles. GEICO and American Family Insurance are also known for offering competitive rates for used cars. However, always compare quotes to find the best fit for you.
Is Insurance Cheaper for New Cars?
There’s no one-size-fits-all answer. In general, used cars tend to be cheaper to insure due to lower replacement value. However, consider your driving record, chosen coverages, and potential discounts for new cars with advanced safety features.
The Bottom Line
When wondering “is it cheaper to insure a new car or a used car?” understanding what impacts car insurance costs, and comparing quotes from multiple companies allow you to make informed decisions. Whether you choose a sleek new car or a reliable used one, Preston Ford of Keller is here to help you navigate the road ahead. Visit us today and find your perfect ride with an insurance plan that fits your budget!
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