Understanding Ford Flex Buy | A Smart Financing Option for Your Budget

July 18th, 2024 by

When it comes to buying a car, finding a payment plan that fits your budget is crucial. Ford Credit’s Flex Buy is an innovative financing option designed to offer lower initial payments. Therefore, making it easier for you to drive home a new Ford vehicle. Let’s explore the details of what makes this program an attractive choice for many buyers.

What is Ford Flex Buy?

Flex Buy is a Ford Credit-exclusive payment structure that provides lower payments for the first three years. Initially saving you money compared to a standard retail contract. This unique financing option allows you to enjoy reduced monthly payments at the beginning of your loan term. Thus, easing the financial burden during the initial years of ownership.

How it Work?

Flex Buy offers two term options. For example, 66 months and 75 months. During the first 36 months, your payments are discounted by either 15% or 18%. Depending on the specific terms you choose. After this initial period, your payments will increase. However, the total loan balance will be structured to ensure it is fully satisfied by the end of the term.

Here’s a quick breakdown:

– Term Options: 66 months or 75 months
– Initial Payment Discount: 15% or 18% for the first 36 months
– Later Payments: Higher payments after the initial discount period to ensure the full balance is paid off by the end of the term

 The Benefits

Flex Buy offers several advantages that make it a compelling option for many car buyers.

  1. No Mileage Limitations: Unlike some financing plans, Flex Buy does not impose mileage restrictions. You have the freedom to drive as much as you need without worrying about extra costs.
  2. Freedom to Customize Your Vehicle: Since you are building equity with each payment, you have the flexibility to customize and modify your vehicle. This allows you to suit your personal preferences and needs.
  3. Lower Payments for the First Three Years: The discounted payments for the first 36 months make it easier to manage your budget. Especially if you are anticipating higher expenses or other financial commitments in the early years of ownership.
  4. Build Equity: With each payment, you are building equity in your vehicle. This can be advantageous if you decide to trade in or sell your car in the future.
  5. Two Term Choices: Flex Buy offers the flexibility to choose between 66-month and 75-month terms. Therefore, allowing you to select the option that best fits your financial situation.
  6. Two Payment Discount Choices: Depending on your preference and financial strategy, you can opt for either a 15% or 18% payment discount for the first three years.

Is Flex Buy Right for You?

Flex Buy is ideal for buyers who want to enjoy lower initial payments and greater flexibility in their financing plan. If you are looking for a way to make car ownership more affordable in the short term while still building equity and having the freedom to drive without limitations, Flex Buy could be a perfect match.

In summary, Ford Credit’s Flex Buy is a smart financing option that offers lower payments for the first three years. For instance, two term choices, and no mileage limitations, making it an appealing choice for many car buyers. Consider Flex Buy if you want a payment plan that adapts to your budget and provides greater flexibility during the early years of ownership.

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Posted in Kalispell Ford