Salmon Arm | 250-832-2101Revelstoke | 250-837-5284
Jacobson Ford Sales
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Finance & Leaseing Services:
Solutions for every credit situation

All types of credit – good, bad, or no credit – can qualify for an auto loan. You’re just a step away from approved car financing and leasing. Complete the online credit application to get started or keep reading for more information.

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Vehicle Financing & Leasing Process

Our financial service representatives make the vehicle financing or leasing process painless. On this page, you’ll find some basic information on what that process looks like here at Jacobson Ford.
 

Financing or Leasing BudgetCreate a budget

It’s important to understand your financial situation, including available cash for vehicle insurance, fuel, and maintenance. Make sure you know exactly what you can afford without feeling financially squeezed.

 

Test Drive A VehicleFind your perfect fit

Come into Jacobson Ford and talk to our no-pressure sales staff. They’ll discuss your vehicle needs and wants and find the perfect car, truck or SUV which fits your budget. Take it for a test drive and make sure you absolutely love it.

 

After you’ve found your perfect vehicle, our lease & finance experts will work with a number of different banks and credit unions to secure you the best rate available. Jacobson Ford has solutions for almost every credit situation. Check out a comprehensive list of lenders we work with, below.

Ford Credit

BMO

Ws Leasing Ltd

First West Credit Union

General Bank Of Canada

Scotiabank

Carfinco

Finance It

CIBC

RBC

National Bank

TD Bank

 

Down PaymentConsider a Down Payment

Down payments aren’t always necessary, but sometimes they can reduce your monthly payments. In other instances, they can increase the likelihood of getting approved.  $0 down situations do occur, so if you’re feeling strapped for savings, don’t worry.

 

Good, Bad, or No CreditCredit Check 

During the lease and financing process, our experts will check your credit. No matter what your situation – good, bad, or no credit – we have solutions to get you driving.

 

Review your AgreementReview your Agreement

Be it lease or finance, make sure you understand the length of your term, your payment schedule, down payment amount, and any maintenance which you may be responsible for.  That’s it! After you’ve signed, make sure you keep up with your payments, which can help to boost your credit score.

 

 

Financing VS Leasing Cost Comparison

Generally speaking, leasing is better for individuals who would like to drive a new vehicle every two or three years. Payments are lower and your vehicle is always under warranty. People looking to lease should have an average number of miles to drive and be okay with regular vehicle maintenance.

Financing is usually a better fit for individuals who want to keep their vehicle for a long time. They have the freedom to customize their car and will enjoy being payment-free after the loan is repaid. Finance payments will be higher than lease payments, but feel free put more miles on your vehicle.

 

Short Term Cost

Short Term Cost

When considering financing or leasing the same vehicle, at the same price, for the same term, and same down payment, a monthly lease payment will always be 30%-60% lower than loan payments. This is still true even when compared to 0% or low-interest loans.

Medium Term Cost

Medium Term

For a medium length term, the cost of leasing is about the same as the cost of financing, assuming the financed vehicle is sold or traded and the leased vehicle is returned at lease-end. Remember that market value will dictate your return on a financed vehicle.

Long Term Cost

Long Term

Long-term cost of leasing is always more than the cost of financing, assuming the buyer keeps their vehicle for many more years after loan-end. For example, if the owner drives it for 10 more years. Driving the same vehicle fo 10 years is less expensive than leasing four or five different vehicles over the same time period.

 

Whether you want to finance or lease your next vehicle, our team of finance managers can help you find the best option available for you. Call 250.832.2101 and ask to speak to a Finance Manage
 

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Jacobson Ford Sales

New and Used Ford Cars, Trucks, SUVs in
Salmon Arm and Revelstoke

Call us now: 250-832-2101
Located at 160 Ross St NE Salmon Arm, BC V1E 4N6

Call us now: 250-837-5284
Located at 1321 Victoria Rd Revelstoke, BC V0E 2S0

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