FORD FINANCE EDUCATION

Finance Education

Russell & Smith Ford has provided resources to make your car buying experience a pleasant one. We have a range of financing options and programs available to our customers. As you consider your purchase, here are some terms you might encounter when discussing finance packages with your Russell & Smith Ford business manager. Please contact the business manager with any questions that may arise.

Traditional Financing

Traditional financing is an installment transaction over a period of time. You agree to pay the amount financed, plus an agreed-upon finance charge. Traditional financing is probably right for you if you like the idea of owning a vehicle or you plan to keep the car for more than a few years. Russell & Smith Ford works with many different lenders to offer you competitive rates.

Leasing

A lease can be a good way to have a more affordable payment than when buying a car. Your lease payment covers only the vehicle depreciated value (plus the lessor's monthly finance charges), not the entire purchase value. Most vehicles are leased for 24 to 48 months, then returned to the lease company. We don't recommend leasing a vehicle for longer than its general warranty. For people who drive an average number of miles and take good care of their vehicles, leasing is a good financing alternative. Note: If the vehicle incurs excessive wear and tear or mileage during the lease period, a fee will be assessed when the vehicle is turned in.

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