Ready to get behind the wheel of a new Ford but looking for a more manageable payment structure? The Ford Flex Buy program, an exclusive financing option through Ford Credit, is the smart solution designed to fit your current budget. This unique payment plan is important because it offers significantly lower monthly payments for the first three years, making that new vehicle more affordable today. Unlike a lease, you own the car from the very beginning, building equity and gaining the freedom to customize it without mileage restrictions. Ford Flex Buy allows you to drive the vehicle you want now while anticipating a higher income or lower expenses later, empowering you with flexibility.
Ford Flex Buy is a retail installment contract with an innovative two-tiered payment structure. Here’s how it works:
Q: Is Ford Flex Buy a lease or balloon financing?
A: No, Ford Flex Buy is a retail installment contract, meaning you own the vehicle. It is not a lease and does not include a residual amount, a required refinance, a balloon payment, or a return option. This reassurance should give you confidence in your purchase.
Q: How much lower are the initial payments?
A: The first 36 payments are typically reduced by 15% or 18% from the calculated equal monthly payment of a comparable standard retail contract. They’re similar to what you would get by leasing or financing for 84 months or more, without the drawbacks associated with those options, such as mileage limits and negative equity.
Q: Will I be able to afford the payments after the first 36 months?
A: You will know upfront exactly what your payments will be after the first 36 months. And because the interest rate is fixed for the entire loan term, you will not face any surprises, unlike when leasing and then deciding to buy your vehicle at the end of the term.
Q: Can I use Flex Buy on a used vehicle?
A: Ford Flex Buy is exclusively available for the purchase of new Ford vehicles for personal use.
Q: Who is Ford Flex Buy best for?
A: This program is an excellent choice for first-time buyers, recent college graduates, or anyone who needs a more affordable payment now but reasonably expects their financial situation (such as income or other debt payments) to improve in the next three years.
Q: What if I need a different vehicle?
A: You can pay off, trade, or sell your Flex Buy-financed vehicle just the same as a conventional car loan. It’s not a lease.
Q: Is there a mileage limit, like a lease?
A: Unlike a traditional lease, the Ford Flex Buy program has no mileage limit.
Q: What are the terms of the Ford Flex Buy program?
A. When you finance with Ford Flex Buy, the terms are either 66 or 75 months.
Q: Is there a down payment if I choose the Ford Flex Buy program?
A: Down payments are traditionally used to bring down the payment on the vehicle, but speak to our finance team about our zero down payment options.
Q: Do I own the vehicle at the end of the contract?
A: Yes, you do! You can keep the vehicle or trade it in.
Don’t let high initial payments keep you out of the new Ford you deserve. With the Ford Flex Buy program, you get the flexibility you need upfront while still enjoying the benefits of vehicle ownership. And to maximize your savings, be sure to enroll in the Spitzer VIP program today! As a Spitzer VIP, you will earn points when you purchase a vehicle and for other services. These valuable points can be redeemed to receive discounts on future purchases, whether you need genuine Ford accessories, routine maintenance and service, or are ready to trade in your vehicle. Apply the points toward the purchase price of your next new or used car, truck, or SUV. The combination of Flex Buy and the Spitzer VIP program puts you on the road to smart savings.
