View All Specials

Click Here for Featured Specials

Randall Reed Family Owned & Operated Since 1992

¡Tenemos agentes que hablan español! ¡Llama hoy!

Auto Financing & Auto Loans in Dallas

Auto financing on any new Ford vehicle for sale

Planet Ford Dallas Love Field maintains close relations with top lenders. We handle your financing professionally and promptly.

We are here to help you get into the car or truck you want with a monthly payment you can afford and feel comfortable with. Our experienced staff will work with you and your unique situation to find you the best possible rate and terms.

To have one of our professional analysts take a precursory look at your situation, please fill in our secure credit application. Submit a completed application, and we will contact you promptly.

You can start your financing process before you even head to the dealership by filling out the secure credit application. We can look at the completed form, and then one of our staff will contact you and help you through the rest of the process.

If you have immediate questions about financing an auto loan, please refer to our Auto Finance FAQs below or call us at (833) 699-1405.

auto financing in dallas, tx

What is Auto Financing for a Car, Truck, or SUV?

When you finance a car or any other large purchase, it means that you borrow money from a financial institution. Whether you buy your next vehicle from a dealership or choose to go through a private party, financing ultimately means you agree to specific terms to pay the money back over a certain period. When you take out a loan, it means you will pay back the amount you borrowed, plus any fees and interest.

How Does Auto Financing Work?

If you plan to buy a car and need to finance it, you'll have to apply for a car loan. Once approved, you will make monthly payments until you repay the loan. Each fee is made up of two different parts. One is the principal payment, which goes toward paying back the balance on your loan, and the other is the interest payment. This part of the payment pays the monthly interest based on the rate you received when applying for the loan.

If you make a down payment, it's subtracted from the amount you have to borrow, which lowers the amount you'll pay interest on. The monthly payment is determined by the price of the car, the annual percentage rate, and the loan term.

What Do I Need to Get Auto Financing?

The best way to make the car buying and financing process go smoothly is to prepare ahead of time. You can start by checking your credit score to see where you stand, and if you have time, take the necessary steps to bring your score up if needed.

There are some documents you'll want to make sure you have when you head to the dealership.

  • Proof of identity.
    • Bring your license.
  • Proof of income.
    • Please bring copies of pay stubs from at least the last month, and make sure it shows your total year-to-date income.
    • You can bring tax returns instead of pay stubs if you are self-employed.
  • Proof of residence.
    • Have a utility bill or mortgage statement available if your license with your address is insufficient.
  • Proof of insurance.
    • Provide a copy of your auto insurance policy, or start shopping around to ensure you get insurance before buying your new vehicle.
  • Vehicle information.
    • When you finance directly through the dealership, the finance department will provide the lender with the vehicle information.

What Are the Different Types of Financing?

There are several different ways you can finance a vehicle. First, direct financing comes directly from a lender such as a bank or credit union. These companies provide loans directly to the buyer to purchase their car from the dealership. Buyers fill out an application with the bank and get preapproved for the loan before shopping.

Indirect financing is when the dealership arranges financing for their customer. Most dealerships have working relationships with several local banks and financial institutions. Therefore, they serve as a liaison between the buyer and the bank to complete the loan process. Once you find the vehicle you want to buy, you complete a credit application at the dealership. They will submit it to several different lenders, who will return with their offers. You can then compare rates and terms to find the best deal.

What Are the Benefits of Going Through Your Dealership's Finance Center?

There are several benefits to going through your dealership to get financing for your next vehicle. Companies such as Planet Ford Dallas work with local Dallas area banks to help bring good rates for their customers, and they take care of all the legwork.

Another benefit of going through the dealership is comparing rates with just a single application. Since the dealer works with several financial institutions, they will contact more than one, and you can choose the one that offers the best deal.

Even if you have a relationship with a particular bank, they are often less willing to negotiate your APR if you apply for a loan directly with a bank or credit union. However, if you use the finance department at your dealership, they might be able to negotiate the terms to get you a better rate.

When you finance through Planet Ford Dallas, the whole process is done in one place. You can show up at the dealership, let us take care of the legwork, and drive away with your new car in one day.

Another benefit is the promotional pricing that dealerships offer for some vehicles. Financing through the dealership might allow you to take advantage of offers such as 0% APR on some new models if you have a particular credit score.

Providing Extended Warranties and Extended Service Plans

Our finance center offers official Ford extended warranties lasting eight years or 150,000 miles, whichever comes first. Our extended service plans help cover all sorts of service operations on top of 24-hour roadside assistance. These plans cover the work of Ford-certified technicians using authorized parts only. The plans last up to 30 months, but lengths are subject to change. The support offered by this kind of plan covers dealership servicing across the United States, Canada, and Mexico. You can ask your dedicated finance team member for more information on Ford Protect extended service plans, such as Ford Protect PremiumCARE.

The finance team at Planet Ford Dallas in Texas, is dedicated to providing our valued patrons with the best deals they can muster. They also offer a broad range of services and products that greatly enhance the benefits of buying from Planet Ford. Here we'll cover what our finance department does and tell you about some of the useful tools they've refined for your use.

What Planet Ford's Finance Center Does

Our finance professionals handle a numerous and wide range of offers and tasks every week. Here's a breakdown of some of the important things they do:

Providing Leasing Opportunities

Leasing presents you with a set of interesting advantages and opportunities. Leased vehicles have cheaper repair costs and lower monthly payments. The downpayment requirements for leased vehicles also tend to be lower. If you choose to lease, you can get your hands on a new vehicle every few years, so you're less likely to have to handle serious repair needs brought about by long-term use. 

This swapping process also allows you to get a feel for a wide range of vehicles and all that each one has to offer. Once you've decided on a vehicle that you favor, you can purchase the car at the lease's end, but this is optional, and you can take out another lease if you prefer.

Providing Extended Warranties and Extended Service Plans

Our finance center offers official Ford extended warranties lasting eight years or 150,000 miles, whichever comes first. Our extended service plans help cover all sorts of service operations on top of 24-hour roadside assistance. These plans cover the work of Ford-certified technicians using authorized parts only. The plans last up to 30 months, but lengths are subject to change. The support offered by this kind of plan covers dealership servicing across the United States, Canada, and Mexico. You can ask your dedicated finance team member for more information on Ford Protect extended service plans, such as Ford Protect PremiumCARE.

Handy Tools That Make Getting a Ford a Breeze

We've put together a handy car buyer's digital toolkit to make the financing process faster and easier. Here we'll cover each tool in that kit and all that they do for our patrons and finance experts:

The Secure Credit Application

Our secure credit application process allows our finance center personnel to gather a great deal of useful information and may even allow them to pre-approve you for certain special deals. The process is free and simple. All you need to do is fill out some personal information, and our department will do the rest. You can find financing through this tool regardless of the quality of your credit history. We won't share any information gained through this application with third parties not directly involved in dealership or finance operations. Your data is safe with us.

The Simplified Payment Calculator

It's easy to work out what a given monthly payment rate will be with our payment calculator. Just input the loan amount, loan length, and interest rate numbers, and the calculator does the rest and works out your monthly payment.

The Easy Appraisal Tool

We also offer an easy appraisal tool so that you can figure out what you might be able to get in trade for your old vehicle. You'll need your car's year, make, model, trim level, condition, mileage, and contact information to use this tool. A True Market Value Report will be sent to the contact email provided.

Come to Planet Ford Dallas for Great Financing Deals

Our finance department at our dealership in Dallas, Texas, is entirely at your service when the time comes to get your hands on a new, used, or certified pre-owned Ford. The finance center opens from 8:30 a.m. to 8 p.m. Monday through Saturday and is always closed on Sundays.

Please don't hesitate to reach out to us for more information on what our finance center has to offer. Our team will do their best to help you find the perfect deal for your desired Ford car, truck, or SUV. We do our best to grant everyone a low-stress, detail-oriented, hassle-free vehicle financing experience.

What if I don't have outstanding credit?

While the process might be a bit more complicated, you don't need excellent or any credit to finance a vehicle. At Planet Ford Dallas Love Field, we don't just look at your credit; we look at your whole financial situation. We will treat all of our customers the same way, whether they have the highest possible credit score or you need to work on your credit. Even if you have been turned down at other financial institutions or dealerships, stop by Planet Ford, and we can see what we can do. Click Here To Get Started

© 2024 Planet Ford Dallas Love Field | Privacy Policy