Five Star Ford
Sam Pack Five Star Ford of North Richland Hills makes it easy to secure affordable financing or lease terms when you purchase a new or used vehicle. Our finance experts are committed to finding you the best deal, no matter your credit situation.
We work closely with trusted financing sources and can help find you a loan with a low rate and flexible terms. Reach out to our Ford experts today to get closer to a new set of Ford keys!
Deciding whether to buy or lease a new Ford sedan, truck, or SUV can be a difficult choice. As you decide, it’s important to know the differences between the two options to determine which is best for you.
When you buy a vehicle, you’re paying for the entire vehicle. Typically, buyers make a down payment, either pay the sales tax in cash or roll the amount into the loan, and then make monthly payments with a set interest rate. This option is great for those who drive many miles or plan on keeping their car for a long period.
Leasing is a great option for those who want lower monthly payments and a new vehicle every few years. When you lease a vehicle, you’re only paying for the amount of the vehicle you use. The sales tax is included in the monthly lease payment, which is determined in part by a money factor that is much like an interest rate on a new car loan. In most cases, the first monthly payment is made when you sign the contract.
Use Our Financial Resources
As you look around our inventory for your favorite new or used Ford vehicle, know that you can rely on our ample resources to help guide the way. For instance, use our free online appraisal to estimate the value of your trade-in. This process is easy and only requires a few clicks. From there, simply bring in your existing vehicle for an appraisal—and we’ll handle the rest from there!
Additionally, we offer our online payment calculator to help you find out what you can afford. By better understanding what to expect with your monthly payments, you can further finetune your search. Then, when you’re ready to buy or lease, you can fill out our online financing application for pre-approval!
Studying can be exhausting, but searching for reliable transportation shouldn’t be. Current college students and recent college graduates qualify for an extra $500 rebate for a new Ford sedan, truck, or SUV. Best of all, this rebate can be combined with any other existing offers, meaning you can save even more money with a can’t-miss driving experience.
To learn more, reach out to our team online or over the phone!
Whether you’re considering buying or leasing, know that our Ford finance experts carry ample knowledge and understanding. We’ll work with any budget and credit type to ensure you’re able to drive around the Lone Star State with added assurance—and added comfort, too.
We’re available to discuss specifics anytime you need us. Reach out to us online or over the phone and we’ll get you situated with the answers you deserve!
What Can I Afford?
The amount you can afford to pay monthly for the vehicle.
A down payment is an initial, upfront payment you make toward the total cost of the vehicle. Your down payment could be cash, the value of a trade-in, or both. The more you put down, the less you need to borrow. A larger down payment may also reduce your monthly payment and your total cost of financing.
The trade in value is the amount that a dealer is willing to offer you towards the purchase of a new vehicle in exchange for your current one. It’s typically based on the market value of your vehicle (the amount it would sell for on the open market).
Your payoff amount is how much you will actually have to pay to satisfy the terms of your mortgage loan and completely pay off your debt. Your payoff amount is different from your current balance.
Additional down payment in cash.
This is the length of your auto loan, generally expressed in months. A shorter loan term (in which you make monthly payments for fewer months) will reduce your total loan cost. A longer loan can reduce your monthly payment, but you pay more interest over the life of the loan. A longer loan also puts you at risk for negative equity, which is when you owe more on the vehicle than the vehicle is worth.
This is the annual percentage rate, and is not always the same as the interest rate. This represents the annual rate that is charged, and as such, is the actual annual cost to the consumer over the course of the auto loan. The APR will allow you to more easily shop and compare car loans, since it equates all loans to the same annual rate.