After a few difficult years with a very deep recession, many consumers are finally ready to buy another vehicle. A lot of people have been driving their vehicles a lot longer than they intended. Although the economy is a lot better, many still may have problems with vehicle affordability. Fortunately, the staff at Maplecrest Ford of Mendham can help customers get into the vehicles that they want at affordable prices. There is a wide variety of vehicles from heavy duty Ford F-150 trucks to the green hybrid and plug-in sedans. The dealership can make the purchase affordable no matter what vehicle is chosen. There are a lot of ways that the dealership can make the purchase more affordable.
First of all, now is a great time to get auto financing. For consumers with very good or excellent credit, interest rates on auto loans are lower than for home mortgages. Furthermore, lenders are often willing to extend the repayment period to seven or eight years. Many consumers know that today’s vehicles can last a long time. As a result of the extended repayment period and the low interest rates, the minimum monthly payment on auto loans can be quite low. Furthermore, those with excellent credit may be able to drive the car home with little or zero money down. Even those who don’t have the best credit may still be able to get favorable terms on their auto loans. As long as borrowers have a way to repay auto loans in full, the folks at Maplecrest Ford of Mendham may be able to get auto financing.
Another way to make the purchase of a vehicle more affordable is to buy used instead of new. Because many consumers do not feel comfortable with buying used isntead of new, there is a lot of potential savings when buying used Ford vehicles. A lot of the depreciation that occurs with new vehicles has already occurred. As a result, it is possible to save a lot of money by buying a used Ford vehicle that is only a few years old. These vehicles are usually in very good condition. Consumers can end up in a high quality vehicle while paying a lot less money. To make the purchase even more affordable, used cars can be financed as well.
All of these reasons are why now is a great time to buy an affordable vehicle. Like us on Facebook!