A car loan is the most common way to finance a vehicle purchase and the most straightforward way to purchase one. After the payments are completed, the vehicle is yours free and clear. With terms ranging from 12–84 months, you can choose the payment schedule that best fits your needs. When you decide to finance a new, used, or Certified Pre-Owned Ford, you are building equity toward your next Ford purchase while enjoying no mileage limitations and the freedom to customize your vehicle.

Many people are uncertain about leasing because the benefits are unclear. However, leasing a Ford offers tons of benefits depending on your vehicle preferences, lifestyle, and financial situation. Drivers can choose from various mileage options with versatile lease-end choices, making it easy for you to enjoy a new Ford more often. One of the most significant advantages of leasing a car is the lower monthly payment. When you lease a Ford, you are not paying for the entire car like a traditional loan. Instead, your monthly payments cover the vehicle’s cost over the lease term since you’re only driving that car for a short period, similar to renting a car. Red Carpet Lease offers multiple terms and eight-mileage options to fit your lifestyle. Enjoy payments that are usually lower than similar-term financing payments and the benefit of driving a new vehicle more often.

If you are considering getting an electric vehicle, Ford has your back! When you purchase a Mustang Mach-E or F-150 Lightning, Ford Options provides you with an alternate financing method. Ford created a hybrid program between traditional financing and a lease. With Ford Options, you gain lower monthly payments, a final balloon payment, greater flexibility, and a straightforward return process. Then after a 36- or 48-month term, you’ll pay a final balloon payment, and you may choose to retain your vehicle, renew into a new Ford or Lincoln or return your Mustang Mach-E or F-150 Lightning to Ford Credit.