Ford financing versus Honda financing?
Is it easier to get approved for a lease/finance thru Ford than Honda? Because I have absolutely no credit.. better yet bad credit.. and I was able to lease a brand new civic with a reasonable contract. I want to be able to either lease/finance a Mustang. The honda salesman told me, that anyone who can do some sort of down payment is surely able to get a loan. I can care less about the interest... because I'll be able to refinance.
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Answer by Miss Mota Mouth
A lease on a Ford is going to be a bit different than on a Honda because with a lease you are making payments on what the expected depreciation will be on the car over the terms of the lease. Fords will surely depreciate more than Hondas but it depends on what the price of the car is that you choose. I am sure that if you have the money and a deposit and a history of a successfully paid lease before that Ford will be fine with leasing to you but they may not be as willing to sell to you through their financing department. You should look into getting financed through a bank, credit union or State Farm even first and the compare what they offer you if you decide to purchase rather than lease.
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2012 Social Finance Forum: Measuring up
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