How to Ace Your Ford Credit Application

With a little preparation, applying for financing for your new Ford vehicle is a simple, straightforward process. Once you gather your documents and check your credit history, you can visit our team and fill out a Ford credit application. If you're confused about the process, these tips from Hall Ford Elizabeth City will give you a head start on getting approved for your next great drive. 

Gather Your Documents 

Applying for financing for a new Ford car requires some documentation. You'll need proof of your identity, such as a driver's license, passport, or another government ID. In addition, you'll need proof of your income, whether as pay stubs, W9 forms, or 1099 forms for independent contractors. Finally, you must prove you are covered by insurance and may have to provide residential documentation if your ID doesn't match your current address. 

Check Your Standing 

It's a good idea to have a sense of your credit history before you apply for financing. If you haven't checked your score in a while, you can access a free annual credit report from AnnualCreditReport.com or directly from Experian, Equifax, and TransUnion. You can also pre-qualify for financing from home to get a sense of what financing offers to expect when you apply. 

Make a Down Payment 

Depending on your credit history, you may be able to apply for financing with no money down. While this may be attractive in the short run, a down payment serves an important function for your loan. A low down payment combined with depreciation can put you in a situation where you owe more on your car than it is worth, which is called being "upside-down" on a loan. Trade in your car with us, and you'll find it easier to make a down payment of 20 percent (or more). 

Apply for Ford Financing in Elizabeth City, NC 

Whether you're exploring our cutting-edge new vehicles or our wide selection of pre-owned Ford cars, financing your next great drive at Hall Ford Elizabeth City is easier than ever. Pre-apply for financing from your living room and submit a custom Ford order to design your perfect vehicle. When you're ready, talk to our team at our Elizabeth City Ford dealership to find out more, then take one of our exciting cars for a test drive!