Ford Motor Credit: What You Need to Know About 0 Financing


When it comes to purchasing a car, one of the most important factors to consider is financing. The interest rate on a car loan can greatly impact the total cost of the vehicle over time. That's why the concept of 0% financing is so appealing to many buyers. Ford Motor Credit, the financing arm of Ford Motor Company, offers 0% financing on select vehicles, providing a great opportunity for car buyers. In this article, we will explore what you need to know about 0% financing from Ford Motor Credit.

What is 0% Financing?

Before we dive into Ford Motor Credit's 0% financing, let's first understand the concept of 0% financing. 0% financing, also known as zero percent annual percentage rate (APR), means that you can borrow money to purchase a vehicle without paying any interest on the loan. This can significantly lower the monthly payments and save you money in the long run.

Typically, a car loan comes with an interest rate determined by the lender, which can range from a few percent to double digits. With 0% financing, however, the interest rate is set at 0%. This type of financing is usually offered as an incentive by car manufacturers or their finance companies to attract customers.

How Does Ford Motor Credit's 0% Financing Work?

Ford Motor Credit offers 0% financing on select vehicles for qualified buyers. The terms and conditions may vary depending on the specific vehicle and promotion. To qualify for the 0% financing, you usually need to meet certain criteria such as a good credit score and a down payment. It's important to note that not all buyers will qualify for this special financing offer.

With Ford Motor Credit's 0% financing, you can finance your new Ford vehicle without paying any interest on the loan. This means that every payment you make goes directly towards the principal balance of the loan. As a result, you can pay off your car faster and save money on interest charges.

Benefits of Ford Motor Credit's 0% Financing

There are several benefits to choosing Ford Motor Credit's 0% financing for your next vehicle purchase:

  • Save money: By not paying any interest on your loan, you can save a significant amount of money over the life of the loan. This can make a big difference in your monthly budget and overall financial well-being.
  • Lower monthly payments: Since there is no interest, your monthly payments will be lower compared to a traditional car loan. This can free up some extra cash for other expenses or savings.
  • Pay off your car faster: Without any interest charges, more of your payment goes towards reducing the principal balance. This can help you pay off your car loan faster and own your vehicle outright in a shorter period of time.
  • Get a new car sooner: With 0% financing, you may be able to afford a new car that you otherwise couldn't. This can allow you to upgrade to a newer model or higher trim level without breaking the bank.

It's important to note that while 0% financing offers numerous benefits, it may not always be the best option for everyone. Depending on your financial situation and creditworthiness, you may be eligible for other financing options that offer lower interest rates or better terms.

Is 0% Financing Right for You?

Now that you know about Ford Motor Credit's 0% financing, you may be wondering if it's the right choice for you. The answer depends on your individual circumstances and financial goals. Here are a few factors to consider:

  • Your credit score: To qualify for 0% financing, you typically need a good to excellent credit score. If your credit score is less than stellar, you may not qualify for this special financing offer.
  • Loan term: 0% financing offers are often available for shorter loan terms, such as 36 or 48 months. If you prefer a longer loan term to lower your monthly payments, you may not be eligible for 0% financing.
  • Down payment: Some 0% financing offers require a substantial down payment. If you don't have the cash available for a large down payment, this type of financing may not be the right choice for you.
  • Other financing options: Consider exploring other financing options to compare interest rates and terms. You may find that a low-interest rate loan with a longer term is a better fit for your financial situation.

Ultimately, the decision on whether to take advantage of Ford Motor Credit's 0% financing depends on your unique circumstances and personal preferences. It's important to weigh the pros and cons, and consider how it aligns with your overall financial goals.

How to Apply for 0% Financing with Ford Motor Credit

If you've decided that 0% financing is the right choice for you, here's how you can apply for it with Ford Motor Credit:

  1. Research eligible vehicles: Start by researching which Ford vehicles are currently offering 0% financing. Visit Ford's official website or check with your local Ford dealership for the latest promotions and eligible models.
  2. Gather necessary documents: Before applying for financing, gather all the necessary documents such as your driver's license, proof of insurance, proof of income, and proof of residence. Having these documents ready will expedite the application process.
  3. Visit a Ford dealership: Schedule an appointment with a Ford dealership to discuss your financing options. Bring all the required documents, and be prepared to provide information about your employment, income, and financial history.
  4. Complete the application: Fill out the financing application provided by Ford Motor Credit. Be sure to provide accurate information and review the terms and conditions before submitting the application.
  5. Wait for approval: Once you've completed the application, wait for Ford Motor Credit to review and process it. This may take a few days, so be patient during the approval process.
  6. Sign the contract and get your car: If your application is approved, you'll need to sign the financing contract and complete any remaining paperwork. Once everything is finalized, you can drive away in your new Ford vehicle.


Ford Motor Credit's 0% financing offers a great opportunity for car buyers who are eligible for this special financing promotion. By not paying any interest on the loan, you can save money, lower your monthly payments, and pay off your car faster. However, it's important to carefully consider your individual circumstances and financial goals before committing to 0% financing. As with any major financial decision, it's always a good idea to explore all your options, compare interest rates and terms, and make an informed choice that aligns with your overall financial well-being.

21 October 2023
Written by John Roche