Ford Credit Review

Ford Credit is offered by Ford Credit, a financial services company founded in 1959 and based in Omaha, NE. Ford Credit is available in 50 states across the USA.

How much can you borrow via Ford Credit?

Ford Credit loan amounts start at $7,500.

What APR does Ford Credit offer on its car loans?

Ford Credit offers a fixed APR car 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 auto loan term you can get with Ford Credit?

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

No, Ford Credit will not charge you a fee for paying your loan early. Whenever possible choose lenders like Ford Credit that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my Ford Credit loan?

Yes, you can. Ford Credit does not charge a prepayment fee, so you can save money by paying your car loan early.

What do you need to qualify for Ford Credit?

Applicants with a credit score of at least 650 and up to 850 may be eligible for Ford Credit. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Ford Credit does not have or does not disclose a minimum annual income eligibility requirement. Ford Credit only considers borrowers who are employed. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Ford Credit. Their rates fall within the limits of The Military Lending Act.

Permanent resident / green card holders are also eligible to apply.

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 a car loan via Ford Credit?

Ford Credit will typically approve (or deny) a car loan application within 1 hour and fund the car loan within 1 business day of approval.