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byAlma Abell

You may have decided that you need to own a new car. You could be wondering how to go about paying for a pre-owned Ford vehicle. The good news is that when you find a pre-owned Ford dealer around Bedford Park IL, they are sure to have different car financing options available. It’s all up to you to select what works best.

Leasing the Car

Leasing allows you to effectively “rent” the car. For a monthly payment, you can enjoy using the car for the duration of the lease term. The car remains the property of the financial institution, so at the end of the lease, you return the car. It is important to understand the terms of the lease with regards to repair and maintenance. If this sounds like something you would be interested in, your local Ford dealer can provide additional information for you.

Buying the Car

If you would rather buy the car than lease it out but are unable or unwilling to do so for an upfront cash payment, your local Ford dealer can highlight the different financing options that they offer. When you finance your new vehicle through a car loan from your bank, be prepared to pay a deposit or down payment at the onset. You can even opt to trade in your current vehicle if it qualifies.

You can talk to your local dealer about the options that they have, and they can help you decide which would work better for you. Be sure to ask about any deals or special offers on any of the inventory. Getting a new car is exciting but be sure to seek advice so that you can make wise financial decisions.

If you would like to find a pre-owned Ford dealer around Bedford Park IL, contact Hawk Ford of Oak Lawn. You can visit them online at http://www.hawkford.com/.