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Ford Credit

in Auto Loans from Ford Credit

Unaffiliated

Ford Credit

Unaffiliated

in Auto Loans from Ford Credit

SuperMoney Net Recommendation Score -64% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Strongly not recommended

8 users recommend
0 users are unsure
36 users don't recommend
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Highlights
Highlights
Community Rating Strongly not recommended
Loan Amount Starting at $7,500
APR  (Fixed APR) Starting at 0%
Credit Score Range 650 - 850
Loan Term Up to 72 months
Number of Reviews 44

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 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.

Can I pay off early my Ford Credit loan?

Yes, you can. However, Ford Credit charges a prepayment fee if you pay your auto loan early. This fee could reduce or eliminate the savings from paying the auto loan early.

What do you need to qualify for Ford Credit?

Applicants with a credit score of at least 650 and up to 850 are 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.

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 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.

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About Ford Credit

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Application Fee $0
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Cosigner
Military Status
  • Active Duty Military
  • Non-Military
Minimum Age 18
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Amount Starting at $7.5K
APR (Fixed APR) Starting at 0%
Loan Term Up to 72

Ford Credit Community Reviews

 

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