Good Car Interest Rates Near Medford, OR
Head to Butler Ford if you’re looking for a new Ford truck, SUV or EV with a great interest rate. We’ve got competitive rates and financing solutions to make sure you feel comfortable driving off the lot in your perfect F-150 truck or used Explorer. Our prices are ideal for Oregon Ford fans as both our pre-owned and new cars come with attractive interest rates. Come by our local Ford dealership near Medford today to learn more about how we can get you a terrific rate on a new Ranger truck or Mustang Mach-E electric SUV!
How Do Car Loans Work?
A car loan makes it possible for purchasers to acquire the car they desire and pay off the loan, commonly on a monthly basis. When taking out a car loan, you will need to provide information about yourself and your finances in order to be approved for Ford financing. Your lender will then determine an interest rate based on this information and agree upon monthly payments based on how much you intend to borrow. You may also need to make an initial down payment in order to secure the loan.
Is It Better to Finance Through a Dealer or a Bank?
When deciding between a local dealership, banks or credit unions, be sure to carefully compare the interest rate and loan term offered by each lender. This will help you pick the most suitable option for you. Our Ford dealership in Ashland is a trustworthy source for auto financing solutions, so come visit us today!
What Is a Good APR?
The Annual Percentage Rate (APR) of a loan is worked out by taking into consideration the interest rate, applicable fees, initial payment and duration of loan. If you make a considerable down payment, it will be seen as less risky for the lender and may result in them offering you an improved APR. Your monthly installments are influenced by the APR since higher rates mean more expensive payments.
What Is a Subprime Loan?
A subprime car loan is a type of auto loan that is offered to people with a low credit score or who have had difficulty securing financing in the past. Although these loans are seen as higher risk and thus have a higher interest rate, our Ford finance team can help you determine if you qualify for one and learn more about them. Visit today to apply for a subprime car loan and drive home in a new-to-you Ford truck!
Our Oregon Ford dealership has an experienced finance team that can help you purchase a new or pre-owned Ford Edge or Expedition near Medford. Local drivers consistently turn to us for all their vehicle needs, so contact Butler Ford to schedule a test-drive!
