Ford Credit Review

Ford Credit is an auto purchase finance offering by Ford Credit, based in Omaha, NE. Founded in 1959, Ford Credit offers auto loans in 50 states across the USA.

How much can you borrow via Ford Credit?

Ford Credit auto loan amounts start at $7,500.

What APR does Ford Credit offer on its auto loans?

Ford Credit offers a fixed APR auto loan product that ranges from 0% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum loan term you can get with Ford Credit?

Ford Credit has auto loans with a maximum term of 72 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.

Does Ford Credit charge an origination fee?

Yes, Ford Credit may charge a loan origination fee.

Does Ford Credit charge a late fee?

Yes, Ford Credit charges borrowers with a late payment penatly fee

Does Ford Credit charge prepayment fees?

Yes, Ford Credit does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.

What do you need to qualify for a loan with Ford Credit?

Applicants with a credit score of at least 650 can apply for a loan via Ford Credit. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.

To qualify, applicants may need to provide the following documentation:

• Driver's license
• Proof of citizenship or residence permit

What is the estimated funding time for an auto loan via Ford Credit? Ford Credit will typically approve (or deny) an auto loan application within 1 hour and fund the loan within 1 business day of approval.