NEW TO FORD?

Don't panic, even if you have no previous vehicle buying experience, our First-Time Buyer Program can give you the opportunity to enjoy a new Ford vehicle of your own.
Buying a car is one of the most important financial decisions you'll ever make. That decision gets even bigger when you've never done it before. But here's the good news: we've put everything you need right here. You'll find answers to all your questions, as well as helpful tips to make your vehicle purchase a smooth experience. Our goal is to get you into the vehicle that's right for you. See your Ford Dealer for additional details on eligibility.

1. Understand your vehicle needs:

To make an informed decision, it helps to do your homework. Start with a list of your vehicle needs and wants.

• How many people - and how much stuff - needs to fit into your vehicle?
• Do you need to tow anything?
• Which safety features are a "must have"?
• What are your fuel/kilometre needs?
• How much will insurance be?
• Do you need/want an upgraded engine?
• Do you want leather seats, an upgraded stereo or navigation system?
• What other luxury features are important to you?

2. Figure out a price range that fits your budget:

Once you've decided what you're looking for, it's time to take a look at your finances to see how you can make this relationship happen. It's a good idea to learn about the Vehicle Financing process, either online or at your local Ford Dealer.

3. Compare Financing options

FINANCING COMPARISON CHART

FINANCE
LEASE
VEHICLE TYPE
New, used or certified pre-owned
New
MILEAGE OPTIONS
N/A
Three options ranging from 16,000 to 25,000 kilometres per year
TERMS
Variety of terms
Variety of Terms
UNIQUE BENEFITS
No kilometre limitations; complete freedom to customer your vehicle
Attractive payments and terms; customizable kilometre options; lease-end flexibility; a new vehicle more often
OWNERSHIP
You own the vehicle free and clear after your financial obligations are met. It will be yours to keep or trade-in on your next vehicle.
You pay to use the vehicle during the term of the lease and must return it at lease-end unless you choose to purchase the vehicle.
PAYMENT
Monthly loan payments may be higher than comparable term monthly lease payments because you pay for the entire purchase price of the vehicle. Each payment helps build vehicle equity toward future trade-in. A bi-weekly payment schedule is also available if you prefer a lower payment every two weeks.
Monthly lease payments may be lower than comparable term monthly finance payments because you are paying for the portion of the vehicle’s value used during the lease term. A bi-weekly payment schedule is also available if you prefer a lower payment every two weeks.
CUSTOMIZATION
Customize your vehicle at any time.
Customize your vehicle through your Dealer at the beginning of your lease with approved accessories.
WEAR AND TEAR
There are no charges for vehicle wear and tear. Excessive wear will lower the vehicle’s trade-in or resale value.
A normal amount of wear and tear is covered. You are responsible for wear and tear in excess of normal limits unless you choose to purchase the vehicle.
END OF TERM
At the end of the loan, you own the vehicle. It is yours to keep or trade-in on your next vehicle
At the end of the lease, you have the flexibility to either purchase your leased vehicle at a predetermined price or return it.

Let’s Get Started

Applying online at ford.ca/finance/online-credit-application for credit is convenient and secure, and you’ll get your credit decision right away. You can use this information when you go to your Dealer.

What are the minimum application requirements*?
• You are of the age of majority in your province or territory of residence
• You have sufficient income to pay for the vehicle for which you are applying and all related expenses
• You do not have current delinquent accounts, repossessions, foreclosures or bankruptcies
• Contact your local Dealer for additional eligibility requirements

* Requirements subject to change at Ford Credit’s discretion.

Back to menu

Next article

Check out the Newcomer Program booklet.

View