At Baytown Ford we understand that choosing between various car financing programs can be difficult or confusing. That's why we work to understand our customer's needs, and partner with area and national lenders to offer some great deals on car loans in Baytown. We provide you with easy to comprehend loan and lease options. Our Texas car loan experts will explain the details and offer you a customized program.
For a car loan in the Baytown area, give Baytown Ford's finance team a call at (800) 720-1930, or visit us at 4110 Highway 10 East, Baytown, TX 77521. You can also contact us by filling out our financing contact form below, or submitting our online finance application. We look forward to hearing from you, and serving your Texas car financing needs. We are here to get you behind the wheel of a new 2010 Ford or used car today!
4110 Highway 10 East
Baytown, TX 77521pause
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.
Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.
If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.