Stoneham Motor Company Inc. 781-438-0490

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