Ask a Ford Finance Expert
Whether you want to apply for an auto loan or new Ford lease, we understand you may have questions about how the financing process works. That's why we asked one of our experts, Deb Myers, to provide helpful information about the questions our customers most often ask.
Check out our Ford financing FAQs below, and don't hesitate to reach out to our Ford dealership in Reedsburg if you have questions about applying for a Ford loan, securing Ford lease specials or more. Our team looks forward to assisting you!
Ford Financing FAQs
How do I get a good interest rate?
To get a good interest rate, maintain a good credit score and pay your fees on time.
How much of a down payment do I need to finance a car?
The down payment required to finance a car varies per individual and lender.
What additional costs will I be responsible for when buying a new car?
When buying a new car, you will be responsible for tax, title and license fees.
How can I find the value of my trade-in?
To find the value of your trade-in, simply contact Koenecke Ford or visit our website.Â
Does my credit score impact my loan rate?
Yes, your credit score impacts your loan rate. Applicants with higher credit scores can be eligible for lower interest rates.
I have a low credit score -- can I still finance a car?
We have creditors available for most credit situations, so you may still be able to finance a car.
I don’t have a credit history yet -- can I still finance a car?
Come in and we will take a look at your situation to determine if you can still finance a car.Â
What’s the best length for a car loan?
The best length for a car loan is what fits your budget and personal preference.
Can you offer a better interest rate than my pre-approved rate?
Possibly! We work with a variety of lenders and may be able to offer a better interest rate.
Can I sell my car while I’m still paying it off?
Yes, you can sell your car while still paying it off.
Can I add a warranty when I buy a car?
Yes, you can add a warranty when you buy a car. We offer various choices based on mileage and coverage needs.