Finance or leasing for your new or pre-used Ford
Working for you!
Kentwood Ford aims to make your vehicle buying experience stress-free. Our team works with over a dozen lenders to understand your needs and provide flexible financing or leasing solutions that suit your situation. We'll help you get into your next vehicle quickly, even if you have a low or no credit score.
Get pre-approved online
You can start the auto finance approval process from the comfort of your home with our online calculator, so there's no need to visit our showroom just yet.
Pick your payment
Your credit score can affect the interest rate you receive on your loan. With us, you can check your credit score without any impact and explore our financing options suitable for all credit situations.
& leasing alternatives
Kentwood Ford financing & leasing
We collaborate with major banks and lenders across Canada to offer you a wide range of financing and leasing options. Whether you are a first-time buyer or have a low credit rating, our parent company Go Auto has its own finance company, Yes Plan, which can approve your financing without depending on the banks. Our team will work with you to find a financial solution that suits your unique needs and gets you into a vehicle quickly.
We will explore our finance options and Ford's Standard Purchase plans and see which is best for your circumstances. Use our calculator to work out your payments.
Kentwood Ford offers a number of leasing packages, as well as Ford's Red Carpet leasing. Each package has a range of kilometer options and lease-end choices.
Plan ahead for the end of your lease and explore great opportunities for your next Ford vehicle! When your lease ends, you typically have three options, depending on who you leased from. Both Kentwood Ford and Ford Credit are here to assist you and make the process hassle-free. Please refer to your Lease-End Agreement for complete details.
You can choose to buy your leased vehicle, lease or purchase a new Ford, or return your leased vehicle to Kentwood Ford. Please inspect your lease for any excess wear before returning it. If you leased directly from Ford, refer to the wear and tear guidelines that were mailed to you prior to lease-end or download Ford's wear and tear checklist from the link provided below.
Will financing or
your auto insurance?
Consider the following points when it comes to financing, leasing, and insurance to understand if your insurance cost will increase if you lease a car
How auto insurance calculated
Are you wondering whether leasing a car will increase your insurance rates? The answer is no. Your premiums are determined by factors such as your location, vehicle, and driving habits, not by your method of payment. Whether you choose to finance or lease, your insurance costs will remain the same. However, it's important to inform your insurance provider that you're leasing a vehicle.
Who has an interest in the vehicle?
When you finance or lease a vehicle, the financier or leasing company holds an interest in that vehicle, which must be reflected on your insurance policy. This is to ensure that the lender's investment is protected. Therefore, it's important to include the name of the leasing company or financier on your insurance policy, regardless of whether you are financing or leasing.
What happens if I have an accident?
In the event of an accident or if the car is written off, the finance or leasing company is paid off first. If the value of the car exceeds the amount owed, you will receive a payment. On the other hand, if you owe more than the car's value, gap insurance can cover the difference. For more information, it is recommended to contact your insurance provider.
Where can I find more information?
Please contact your insurance agent and ask them to explain what your policy covers, along with the fine print.
Ford Commercial Options
If you're a business, access flexible automotive financing and leasing packages to keep your business growing.
- Traditional financing
- Flexible terms
- No hidden fees
- Combined billing available
- Lease payments are usually lower than finance payments
- Allows for your cash to be invested in your business
- Short-term leasing allows newer vehicles more often
- GAP insurance.
- Open-ended lease program
- Vans, trucks, and cars available
- Upfit vehicles
- High kilometrage and heavy-use vehicles.
- Apply for a credit line starting at $250,000 and free up capital
- No setup or non-utilization charges
- Available for Retail, Red Carpet Lease, and Commercial Lease financing.
- Available to retail and Red Carpet Lease, and Commercial Lease customers
- Simplify your payments by consolidating your monthly statements
- Combined billing is complimentary for you if you have two or more accounts.
- Contact Kentwood Ford for more information.
Get the new Go Auto App
Download the Go Auto App to start earning Go Card rewards today!
What should I bring to my finance appointment?
All buyers should bring a valid government-issued driver's license, current pay stub and void cheque. Depending on the specifics of your purchase, you may be required to bring additional information. For a complete list of what you'll need to buy or trade in a vehicle with Go Auto, call us ahead of time and speak with a sales consultant.
Will I be approved?
Getting approved for a car loan depends on these factors: the cost, age, and mileage of the new or pre-used vehicle, your employment history, residence, and income, your credit history, which includes information in your credit file, and your down payment, which can be a combination of cash and trade equity. Providing a larger down payment can increase your chances of approval.
How are my car payments calculated?
Three things affect your monthly payment. The first is the amount financed, the term or length of the loan contract, and the annual percentage rate (APR) we offer. At [[dealerName,]] we offer competitive rates from Canada's largest lenders to fit nearly every budget and credit profile.
How do I budget for my car payments?
Most financial lenders say a borrower shouldn't spend no more than 15% of their gross monthly income on a car payment. For example, if you make $2,000 a month you should spend no more than $300 on your car payment.
What is my credit score?
Your credit score is an important number that financial institutions use to assess the risk of lending you money for a car, home, credit card, or other financial products. Credit scores typically range from 350 to 850 and reflect your likelihood of paying your bills on time. Generally, the higher your credit score, the greater your chances of being approved for a car loan. Factors that influence your credit score include your payment history and the number of inquiries made on your credit report, among others. Credit bureaus generate your credit score based on information contained in your credit report.
How is my credit score calculated?
Typically ranging from 350 to 850, a credit score is an important factor considered by lenders. Higher score increases your chances of approval. Credit scoring systems analyze various factors when calculating your score, such as how promptly you make payments (including any late payments), the type and amount of debt you have, the number and age of credit inquiries, and any public records like liens or judgments.
Should I finance or lease?
This decision will depend on your lifestyle, future plans, and budget. If you plan on moving away or traveling in the next few years, leasing might be the right direction. Leasing works for people who want a car under warranty and want the latest features. If you want to own a car for the long term and build equity, then buying is a better option. Our Finance team can go through all the pros and cons and help you with this decision.
Can I qualify for financing on my first vehicle?
Of course. Many Kentwood Ford customers qualify for financing on their first vehicle purchase. If a normal credit determination cannot be made based on your current credit history, you may still qualify for other programs, like those for recent college graduates. Stipulations for college students vary by finance company. Check with a finance professional at any of our Go Auto dealerships for more information.
Does Ford have their own financing?
Yes, Ford Canada has its own financing and leasing packages. At Kentwood Ford, we work with Canada's top lenders for financing and leasing. We also have financing options from our parent company, Go Auto. Contact us today to discuss.
Who is a well-qualified buyer for Ford?
Anyone can qualify to buy a Ford. Even if you have a low credit score or have declared bankruptcy, there are options. First-time buyers, newcomers to Canada, and students may be a fit for Ford financing at Kentwood Ford.
How long does it take to get approved for Ford Credit?
Car loan or leasing approval can take only a few minutes, or sometimes a few business days.
How late can I be on my Ford payment?
Try not to be late on your monthly or bi-weekly payments. If you are late, you risk financial penalties as well as your credit score. If you think a payment will be late, please call us or your lender immediately.
Is it hard to get financed through Ford Credit?
Usually, no. Even if you have a low credit score, options are available. Call us at 780 476 8600 to discuss your requirements and financing options.