Ford New Car Financing Vs. Used Options
Navigating New vs. Used Car Financing
The open road beckons, but before you hit the gas, a crucial decision awaits: a brand-new car or a reliable pre-owned one? This choice extends beyond the vehicle itself, significantly impacting the financing options you’ll encounter. At Crossroads Ford of Indian Trail, we have some financing tools you can use to help you along your way, including a finance application, payment calculator, and a valuation tool for your trade-in. However, financing your next ride goes beyond the tools we offer at our dealership. Understanding the nuances of new vs. used car financing is essential for navigating the car-buying journey and steering yourself toward a financially sound decision. Visit Crossroads Ford of Indian Trail to discover the ride that’s perfect for you!
New Car Financing: Allure of the Latest and Greatest
New car financing offers a certain undeniable charm. You get the latest safety technology, cutting-edge features, and the satisfaction of driving a car that hasn’t seen another owner. Often, dealerships offer the enticing prospect of 0% APR financing on new cars, which translates to no interest paid on the loan. This can significantly reduce your monthly payments and make a new car seem more affordable when comparing new vs. used car financing. However, there’s more to the story than meets the eye. New cars depreciate rapidly, losing a significant chunk of their value the moment you drive them off the lot. This means you’ll be financing a depreciating asset, potentially ending up owing more than the car’s worth if you don’t plan to keep it for a long time. Additionally, new car loans typically come with lower interest rates compared to used car loans. This can be offset by the initial depreciation, so careful calculation is necessary. These are important to keep in mind when comparing new vs. used car financing.
Ford New Car Financing
Reviewing new vs. used car financing applies to many car manufacturers, including Ford. With its own financing programs for new car purchases, these programs can provide competitive rates and special incentives tailored to specific models. For example, Ford might offer 0% new car financing for a limited time on certain vehicles, or they might have low down payment options to make the initial cost more manageable. It’s crucial to research these brand-specific offers before heading to the dealership to ensure you’re getting the best possible deal. However, remember that dealer financing isn’t your only option. Before visiting a dealership, pre-approval for a loan from a bank or credit union might work in your favor. This gives you leverage during negotiations and allows you to compare interest rates offered by different lenders. Ford also has Ford Credit, which gives you some options to finance your next ride with ease, including Standard Purchase, Flex Buy,* and Red Carpet Lease. Our dealership also has new vehicle and pre-owned vehicle specials you’ll want to consider when you’re comparing new vs. used car financing.
New vs. Used Car Interest Rates: Weighing the Numbers Game
Interest rates are a significant factor influencing your overall car loan cost. While new car loans historically boast lower rates than used car loans, the actual difference might be narrower than expected. A good credit score can qualify you for a competitive rate on a used car loan, potentially negating the slight advantage of new car financing. Remember, interest rates are just one piece of the puzzle. Factor in the depreciation of a new car compared to the potentially lower purchase price of a used car in your research of new vs. used car financing. You might end up paying less overall, even with a slightly higher interest rate on a used car loan, if the depreciation of a new car is significant.
The Right Turn on Your Financing Journey
Ultimately, the decision between new vs. used car financing hinges on your individual needs and priorities. Do you crave the latest technology and features, or are you more budget-conscious? How long do you plan to keep the car? Evaluating these factors alongside the new and used car financing options will empower you to make an informed decision. Remember, there’s no one-size-fits-all answer. The key is to research, compare rates, and select the financing option that’s best suited to your financial goals. With careful planning and a bit of research, you’ll be well on your way to cruising down the road in your dream car! Visit Crossroads Ford of Indian Trail to find your ride today!
*Flex Buy is unavailable in Maine, Michigan, New Hampshire, North Carolina, Ohio, Pennsylvania, Virginia and Washington, D.C.
The Advantages of Advanced New Car Technology
Pioneering The Future With New Car Technology
The automotive industry thrives on innovation, and Ford, a longstanding leader in the field, continues to push boundaries with new Ford tech features. These advancements prioritize safety, connectivity, and driver assistance, crafting a driving experience that’s not only exhilarating but also remarkably user-friendly. When you sit behind the driver’s seat of your next Ford vehicle, you’re greeted by a wealth of new car technologies designed to be your trusty travel companion on every journey you take. By exploring the latest Ford vehicles at Crossroads Ford of Indian Trail, you can gain a glimpse into the exciting future that new Ford technology is shaping in the automotive world. Visit us to experience new Ford tech features with a test drive today!
Ford’s Digital Transformation
Technology changes constantly. Here are a few new car technologies that are implemented into Ford vehicles.
SYNC® technology: One of the most significant developments in new Ford technology is the continued use of SYNC® technology. Offered as SYNC® 3, SYNC® 4A, and SYNC® 4, this new car technology is projected onto your vehicle’s interior infotainment system. You’re able to connect your smart devices through Apple CarPlay® and Android Auto™, plus other features like voice controls, Wi-Fi hotspot, and vibrant touchscreen displays. These features let you control everything you need, from your text messages and making calls to navigation and entertainment.*
Ford BlueCruise: Do you sometimes need a break from the wheel? Ford BlueCruise has your back. This hands-free highway driving feature utilizes a combination of cameras and radar to keep the vehicle centered in its lane and maintain a set distance from vehicles ahead. Thanks to pre-mapped sections of divided highways, you’re able to enjoy a relaxed and comfortable experience on long journeys. However, it’s important to note that Ford BlueCruise is a driver-assist system, and drivers must remain engaged and ready to take back control of the vehicle when prompted.
Ford Digital Experience: Keep a weathered eye on the horizon for the Ford Digital Experience. This new car technology features a user-friendly interface and faster processing power with stunning graphics. Seamlessly integrating Google Maps, 5G connectivity, voice assistance, and even in-vehicle Wi-Fi into the system, you’re in for a glimpse of the future. Ford Digital Experience is currently available in the 2025 Ford Explorer.
Rugged Ford Tech Features
If you’re looking to dominate roads and trails alike with ease, consider some more rugged technology options for configuring your Ford ride.
Towing Technology: Looking to haul bigger items like campers, boats, and more on your own? Not to worry because new Ford technology features let you tow with confidence thanks to systems such as Smart Hitch, Smart Trailer Tow Connector, Pro Trailer Backup Assist, and many more. When properly equipped to your Ford truck, these available features let you haul thousands of pounds to get your load wherever it needs to go.
Terrain Management System™: This new car technology was designed for those daring adventurers and comes with up to seven selectable drive modes depending on which vehicle you choose. Visible on your digital cluster, you can conquer any path you take your vehicle on. The Terrain Management System is available on Ford performance vehicles such as the Ford Explorer, F-150, Bronco, and Bronco Sport.
Off-Roading Technology: Embrace the call of the wild by tackling the unknown trails. Ford off-roading vehicles are powerhouses thanks to standard and available features like Hill-Descent Control, Rock Crawl mode, Ford Trail Control™, and more!
Embracing Connectivity: FordPass® Connect
With the ever-growing need for seamless connectivity on the go, FordPass® Connect is a complimentary feature on many new Ford vehicles. The FordPass App extends connectivity beyond the vehicle itself. This app lets you remotely lock or unlock your car, start the engine for pre-conditioning in extreme temperatures, and even schedule service appointments directly from your smartphone. This level of convenience is achieved because of new car technology. Now you can stay updated on your vehicle’s condition at all times, even when you’re away from it. Can you recall what you did without all this security at your fingertips?
Make Your Move
New Ford technology represents a significant leap forward in the automotive industry. Ford’s focus on safety, connectivity, and user-friendly interfaces creates a driving experience that’s not only functional but also enjoyable and empowering. By continuously innovating, Ford positions itself as a leader in the automotive technology race, ensuring a future where driving is more than a means of transportation, but a seamless and enjoyable experience with new car technology. Visit Crossroads Ford of Indian Trail to find your ride today!
*Don’t drive while distracted. Use voice-operated systems when possible; don’t use handheld devices while driving. Some features may be locked out while the vehicle is in gear. Not all features are compatible with all phones.
New Car Inventory Levels In 2024
When the world came to a halt during the COVID-19 pandemic in 2020, it affected many lives and industries, including the automotive marketplace. It created a chip shortage, which is a crucial component in most new vehicles, and thus led to many dealerships’ lots lacking inventory. Even though the supply of vehicles temporarily decreased, the people’s demand to purchase them hasn’t budged. As things began to stabilize in the past couple of years and these chips became accessible again, dealer lots started filling up again, so much to the point that new car inventory levels in 2024 are at an all-time high since pre-pandemic levels!
In the ever-evolving automotive landscape, staying informed about current car availability is crucial for any prospective buyer. Everyone knows that variety is the spice that gives life a rich sense worth experiencing, therefore more options mean more possibilities for you to find the perfect ride. In the search for your next vehicle, Crossroads Ford of Indian Trail recognizes this need and is proud to provide you with access to our new car inventory levels in 2024. Streamline the car-buying journey by browsing hundreds of new Ford cars in our inventory, and take a test drive to your heart’s content!
High Inventory Means More Opportunities to Save
In a nutshell, due to their advanced technologies, among other factors, car prices generally haven’t lowered in conjunction with the high new inventory car levels in 2024. Since quality is crucial when you drive, the vehicle’s price will reflect that, but you’ll appreciate how each technology can be catered to you. That said, you’re probably wondering what dealerships plan to do with all that inventory if prices don’t decrease. It’s true that moving hundreds of new cars will take time, but so do a lot of good things. With our dealership incentives, we can help ourselves while helping you find your ride.
New Vehicle Specials: We constantly have deals you can take advantage of, so be sure to check out our new vehicle specials online for more information!
Savings on New 2023 Models: Sometimes, out with the old and in with the new can apply retroactively, as these 2023 models are untouched and ready to be driven.
Leasing Opportunities: Don’t want to commit to a new model just yet? Lease a Ford from our new car inventory to find your perfect match.
Courtesy Vehicles For Sale: Low mileage and never owned, courtesy vehicles are ones that were loaned to customers or used for test drives. Now they’re ready to be owned by you.
Price Negotiation: During the COVID-19 pandemic, there was little opportunity to negotiate prices, since there was a limited supply of vehicles, and consumers had no choice but to pay the sticker price. However, with the high new car inventory levels in 2024, you can take advantage of scoring a deal with a bit of negotiation.
Unveiling a Dream: Browse Our New Ford Car Inventory
Gone are the days of scouring multiple websites or visiting dealerships only to discover limited vehicle options. Our new car inventory levels for 2024 have hundreds of models, providing you with access to many different models and trims, guaranteeing that you’ll find the right one. Whether you choose to browse our intuitive website at home or see the new car inventory at Crossroads Ford of Indian Trail up close, rest assured our helpful staff is here to help you every step of the way.
You’ll notice that accessing our extensive inventory online is user-friendly and allows you to effortlessly filter results based on what you’re looking for. You’ll even have a chance to book a test drive whenever you’re ready. On top of our dealer-specific specials, you’ll find more ways to save.
With new car inventory levels in 2024 being where they are, you have a prime opportunity to make use of Ford incentives like potential EV federal tax credits* and the Ford Recognition Programs.** Shopping for a new EV comes with its share of benefits not found in traditional gas-powered vehicles. One of the key benefits includes a tax credit of up to $7,500 for qualifying vehicles.* Looking into the Ford Recognition Program, members of the military, college students, first responders, and farmers each have opportunities to save more with discounts and other rebates up to $500 on their new vehicle purchase.** You can contact our dealers for more information and see if the vehicle you chose qualifies for any of these Ford benefits.
Begin Your Journey
Ready to start shopping? Let the search begin, and discover the perfect Ford for you. Visit Crossroads Ford of Indian Trail today to explore our new car inventory levels for 2024! Remember to take advantage of a test drive and savings initiatives to really experience everything your next ride has to offer.
*Please consult with your own tax or legal professional to determine your individual eligibility. Tax credit amount is based on vehicle-specific component sourcing and assembly and may be subject to change. You may not claim the credit if (1) your adjusted gross income exceeds certain thresholds or (2) the MSRP of the vehicle, as configured, exceeds $80,000 (including all optional equipment attached to the vehicle at the time of delivery to the dealer, but excluding destination charges, optional items added by the dealer, taxes, and fees). Tax credit may be applied at point of sale, subject to dealer availability, or as a potential future tax savings. The amount of your tax savings will depend on your individual tax circumstances. Incentives and additional rebates are not within Ford’s control. This information does not constitute tax or legal advice. For additional information, go to https://fueleconomy.gov/feg/tax2023.shtml.
**See dealer for complete details.
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