Your Interest Rate FAQs Answered
If you’re asking yourself whether now is a good time to buy a car or what current auto interest rates are, let the finance experts at All American Ford in Old Bridge help answer questions and alleviate concerns.
While working with reputable local lenders and providing competitive new Ford and used car financing rates, our Ford dealership in Old Bridge loves providing nearby drivers with the options they deserve. Find the best interest rates on new Ford trucks and SUVs or secure used car financing at our local car dealer today. But first, view our interest rate frequently asked questions below for pertinent info!
Car Interest Rate FAQs
01
Does credit score impact car financing?
New Ford and used car financing rates are influenced by the buyer’s credit score, as this is essentially the evaluation of risk for the lender. The higher your credit score, the more often this translates into lower auto loan interest rates.
02
Are there any specials or incentives for auto financing?
Of course! At All American Ford in Old Bridge, we offer monthly new Ford specials to help you save big on new Explorer SUVs, F-150 pickups and more.
03
Which factors determine your auto loan interest rate?
The buyer’s credit score and debt-to-income ratio are the two main factors considered by lenders when determining the interest rate of the auto loan. Lenders also review the age of the vehicle you’re buying, the down payment you are able to make, the amount you are borrowing and your auto loan’s length.
04
What is an average car loan interest rate?
Interest rates vary for new Ford models and used cars, as well as from buyer to buyer, so we encourage you to contact All American Ford in Old Bridge to learn more about auto loan rates you qualify for.