Car Loans In Baltimore

Koons Ford of Baltimore employees and experienced financial staff have great lender relations. We are experts in credit challenged situations and have been for decades. We have obtained the necessary skills needed for securing a line of credit with the best rates for all of our Baltimore and Maryland customers.

If you've been denied a car loan in the past because of bad credit in Maryland, try Koons Ford of Baltimore. You can come by the dealership at 6970 Security Blvd, Baltimore, MD to apply for your car loan, or you can apply online using our secure finance application form. Need help figuring out what you can afford? Try our payment calculator. The finance team at Koons is ready to get you a car loan in Baltimore today.

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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.

Koons Baltimore Ford

Sales: 888-855-0607