Finance Your Ford: A Step-by-Step Guide | Brownsville, TX

Financing your new Ford is easier than it might seem, especially if you've done your homework and are well prepared. That's why we've created a step-by-step guide for financing your next Ford model, from the basic types of car loans to trading in your vehicle. Once you find the auto loan that's right for you, you can drive home in the Ford model of your dreams.

What is Financing?

Most car buyers choose to finance because they don't have quite enough to pay for everything upfront. When you finance your Ford, you'll pay a deposit - usually between 10 and 20 percent of the car's sticker price - and get a loan for the rest. While you may find special deals for zero-percent financing, most financing terms require that you pay interest on an auto loan. That's why finding good rates is especially important.

Financing Terms

Here are some basic financing terms to keep in mind when shopping for your new Ford:

  • APR - the Annual Percentage Rate is the cost of interest and fees over the course of a year.
  • Blue Book Value - named for Kelley Blue Book, the Blue Book Value is the cost of a vehicle as determined by a third party
  • Credit rating - this number represents your creditworthiness, or how likely lenders are to give you a loan. It's based on your payment history, the amount of debt you have, how long you've had credit, and so forth.
  • Lien - this simply means that the lender owns the vehicle until you pay off the loan.
  • Trade-in - you can sell your old car to our dealership to put toward the cost of a new Ford model.

Types of Car Loans

Once you settle on financing your next Ford, you'll need to choose the type of loan you want. This is determined by your credit rating and your finances. Short-term loans, which are typically 36 months or less, require that you pay more monthly, but you'll spend less overall. Long-term loans, such as a 72‑month loan, will let you make lower monthly payments, but you may pay more in financing.


When you finance your Ford, you'll often be required by your lender to purchase comprehensive insurance. More expensive than liability coverage, comprehensive insurance covers the lender's investment in your vehicle. When budgeting for a new Ford, be sure to account for added insurance costs.

For more information on financing your new Ford, contact Tipton Ford today!


  • Monday 9:00AM - 7:00PM
  • Tuesday 9:00AM - 7:00PM
  • Wednesday 9:00AM - 7:00PM
  • Thursday 9:00AM - 7:00PM
  • Friday 9:00AM - 7:00PM
  • Saturday 9:00AM - 6:00PM
  • Sunday Closed

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