One of the most exciting Ford programs offered at Stoneham Ford is the First Time Car Buyers Program available through Ford credit. Offering deals to teenage drivers attending both high school and college, this program is designed to help ease the intimidating process of purchasing a car for the first time.
Through our first-time buyers program, no prior credit is needed and we can offer a low down payment, low monthly payments and low interest rates. At Stoneham Ford, Greater Boston's premier Ford dealer, we understand the stress of being a first- time buyer. Through the Ford First Time Car Buyers Program, we hope to make each step in buying your first Ford car, truck, hybrid, crossover, van or SUV a little easier. The terms of the program are as follows: (existing copy follows)
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
