Ford First-Time Buyer Program
Buying Your First Car? Ford Can Help.
Financing your first vehicle doesn’t have to be complicated. The Ford Credit First-Time Buyer Program is designed to help eligible buyers with limited automotive credit history get behind the wheel of a Ford.
First-Time Buyer Benefits
Ford Credit offers financing options intended to make purchasing your first vehicle more approachable.
Bonus Cash
Eligible first-time buyers can receive $750 Bonus Cash toward the purchase of a new Ford with Ford Credit financing.
Financing Available
Qualified buyers may finance up to $50,000 toward an eligible Ford vehicle.
Months
Flexible financing terms of up to 84 months may be available for qualified applicants.
Down Payment
Ford currently lists a down payment of at least $750 as part of the program eligibility requirements.
What Is the Ford First-Time Buyer Program?
The Ford Credit First-Time Buyer Program helps eligible customers finance their first vehicle, including buyers who may have limited automotive credit history.
Instead of requiring an established history of previous auto loans, the program considers qualified first-time buyers who meet Ford Credit’s eligibility and underwriting requirements.
Eligible buyers can choose from new and Ford Certified Pre-Owned vehicles, with certain incentives applying specifically to new Ford vehicles.
You May Qualify If You:
- Have no prior automotive credit history and no adverse credit history.
- Have at least six months of verifiable current full-time employment.
- Can provide a down payment of at least $750.
- Meet Ford Credit’s applicable underwriting requirements.
Additional documentation, a co-signer or a larger down payment may be required depending on the applicant.
Your First Ford in Three Simple Steps
Find Your Ford
Browse our new Ford inventory and find a vehicle that works for your needs and monthly budget.
Plan Your Budget
If you already own a vehicle, knowing what it’s worth can help you understand how much equity you may be able to put toward your first Ford.
Apply for Financing
Complete our online finance application or talk with the Napleton Ford of Oak Lawn finance team about your options.
What Should a First-Time Car Buyer Know?
Your monthly payment is only one part of buying a vehicle. A little preparation can make choosing your first car easier and help you better understand the total cost of ownership.
Set a Comfortable Monthly Budget
Consider your payment along with insurance, fuel, maintenance and other regular expenses.
Bring Proof of Income
First-time buyer financing may require documentation verifying your employment and income.
Check Insurance Before You Buy
Insurance rates vary by vehicle, so getting a quote beforehand can help you understand your actual monthly cost.
Don’t Shop by Payment Alone
Compare price, loan term, interest rate, down payment and total amount financed—not just the monthly payment.
Buying Your First Ford in Oak Lawn, IL
If you’re buying your first vehicle in Oak Lawn, Chicago or the surrounding suburbs, the finance team at Napleton Ford of Oak Lawn can help you understand the Ford Credit First-Time Buyer Program and determine whether you may qualify.
We’ll help you compare vehicles, review available Ford financing options and understand the steps involved before you make a decision.
Napleton Ford of Oak Lawn is located at 6100 W. 95th Street, Oak Lawn, IL 60453.
Ford First-Time Buyer FAQ
Does Ford have a first-time car buyer program?
Yes. Ford Credit offers a First-Time Buyer Program designed to help eligible customers finance their first vehicle, including buyers with limited automotive credit history.
Can I buy a Ford with no previous car loan?
Potentially. Ford’s First-Time Buyer Program specifically considers eligible applicants with no prior auto credit history. Approval remains subject to Ford Credit underwriting requirements.
How much is the Ford First-Time Buyer Bonus Cash?
Ford currently offers eligible first-time buyers $750 Bonus Cash on new Ford vehicles when financing through Ford Credit. Not all buyers will qualify.
How much money do I need down as a first-time Ford buyer?
Ford currently lists a minimum down payment of $750 for the First-Time Buyer Program. A larger down payment or co-signer may be required based on credit history and underwriting guidelines.
Do I need a co-signer?
Not necessarily. Some qualified buyers may be approved without one, but Ford Credit notes that a co-signer or higher down payment may be required depending on the applicant’s credit history and underwriting.
Can the Ford First-Time Buyer Program be used on a used car?
Ford states that first-time buyers can choose from new and Ford Certified Pre-Owned vehicles. The $750 Ford Credit Bonus Cash referenced by Ford applies to eligible new Ford vehicles.
What documents should a first-time car buyer bring?
Be prepared to provide identification, proof of insurance and proof of income or employment. Additional documentation may be required depending on your application.
Ready to Buy Your First Ford?
Start online or visit Napleton Ford of Oak Lawn and talk with our finance team about your first-vehicle financing options.
Ford Credit First-Time Buyer Program: Program availability, incentives, financing amounts, terms and eligibility requirements are subject to change. Ford Credit Bonus Cash requires Ford Credit financing. Not all buyers will qualify. A co-signer or higher down payment may be required based on credit history and underwriting guidelines. See Napleton Ford of Oak Lawn for qualifications and complete program details.
For current official program information, visit Ford Credit’s First-Time Buyer Program .
