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Financing

It used to be that you picked out a new vehicle and went to your local bank for an auto loan. Not anymore! Do you take the rebate or the Special Manufacturer APR, what about the combination rebate and APR, is my credit union always the best bet, how about a home equity loan? There are a lot of options available and our staff is happy to present all of your senerios  so you can make the decision that best suits your needs.

Even if your credit is less than perfect we have the knowledge and ability to secure some of the best financing options in town. We pay our sales staff a salary, not a commission, so they will invest the time and energy needed to explore all of the finance options available for your situation.

If you already have financing arranged or are paying cash (at 0% APR keep your money in the bank!) let us see if there are options available that may make more sense. If you write a check, your bank writes a check or another bank writes a check it is all cash to us. We don't charge for the time so let us work for you. 

Here you can use our online form to get a quick and accurate response on financing your next vehicle. Your financing information is encrypted in a super-safe digital format and is never sent through E-Mail.
Contact Information

Contact Information

Donahoo Ford

4810 Belair Road

Baltimore, MD 21206
workSales:
877-811-1651

Finance FAQ

Check out our online finance FAQ section for important information regarding car lease and loan characteristics.

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Tip!

Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.

Tip!

Owning a lease vehicle is possible if purchased outright after the lease period ends.

A typical lease period runs between 24 and 48 months.

Tip!

Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.

Tip!

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.

Tip!

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.

Tip!

Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.

Tip!

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.