If you’re getting ready to finance a new car, you might be wondering how your credit history factors in. At Zeigler Ford of North Riverside, we do our best to help local drivers finance the new Ford vehicle they’ve had their eye on, but your credit score can certainly affect what kind of loans and offers you qualify for.

Essentially, having good credit helps you qualify for Ford financing because it shows that you have a history of paying your bills. When you take out a debt, you pay what you owe on time. This reliability won’t just help you qualify you for an auto loan. It can also help you qualify for a lower interest rate, or APR, saving you money over the course of the loan term. In some cases a better credit history can also help you qualify for certain lease offers as well.

If you don’t have good credit or if you lack a significant credit history, don’t despair. We work with drivers of all credit levels to help them find a loan that works for them. If you lack a significant credit history, we might look at your income and current debts to determine your qualifications for a loan or you could get a co-signer. A co-signer is also an option for those with imperfect credit histories. If the loan you qualify for is at a higher interest rate than you would like, you could also make a larger down payment, reducing how much interest you end up paying over time. You might even be better off choosing one of our quality pre-owned Ford models, which cost less and might fit better into your monthly budget.

So whether you have an incredible credit score or this is the first major loan you’re taking out, we’re ready to help. Visit our Ford dealership serving Berwyn, IL and talk to our expert dealers and financing staff today. We look forward to assisting you!