Stoneham Ford 781-438-0490

First Time Buyers Program

First-Time Buyer Program

Stoneham Ford is pleased to offer our First Time Buyer's Program through Ford Credit.  The terms of the program are as follows:

Customer Eligibility

  • No previous auto credit history on his/her credit bureau report
  • No derogatory credit history
  • Minimum verifiable 6 months on current job or qualified co-buyer
  • Verifiable monthly income sufficient to cover payment and expenses
  • Payment to income ratio of 18% or less
  • Total monthly debt ration of 50% or less
  • Maximum advance 100% of dealer invoice
  • Minimum $500 customer cash down 

Contract Eligibility

  • New Ford Credit Retail - term up to 72 months
  • New Red Carpet Lease and Red Carpet Option - term up to 48 months
  • Certified Pre-Owned - term up to 60 months

Vehicle Eligibility

  • New Ford, Lincoln and Mercury vehicles
  • All vehicles certified under the Ford, Lincoln and Mercury Certified Pre-Owned Programs
 
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