How to lower your monthly car payment in Lithia Springs, GA

Wondering how you can achieve a lower monthly car payment? At Lithia Springs Ford, our expert team is committed to helping you lower your monthly car payment. Whether you're considering a new purchase, seeking to refinance your current loan or exploring trade-in options, we understand that saving on your car payment is a priority, and we're here to help you make it happen. Plus, to assist you further, we offer a payment calculator to estimate your potential monthly payment or determine your purchasing power. Let's explore how you can get a lower monthly car payment.

Trim Down for Savings

Our Ford models offer many different trim options for you to choose from. For example, the new 2023 Ford F-150 carries trims like the XL, XLT, Lariat, King Ranch®, Platinum, Limited, TremorTM and Raptor®. If you intend to get the lowest monthly payment possible on a pickup truck like the Ford F-150, then we recommend you choose a lower trim like the XL model. You could potentially save thousands by either trading in your current ride for a lower trim or choosing a lower trim from the start of your new purchase.

Explore Used and Certified Options

Opting for a pre-owned vehicle is a fantastic choice to reduce your monthly car payment. For new buyers, used cars typically come at a more affordable cost, resulting in lower monthly payments that fit your budget comfortably. If you're looking to trade in your old ride, our wide selection of used vehicles provides an opportunity to secure better loan terms and a more cost-effective monthly payment. Plus, you'll enjoy a broader range of model years, makes, body styles and features, giving you the flexibility to find the perfect vehicle that meets both your financial and lifestyle needs.

Extend Your Loan Term

You can also consider extending your loan term to lower your monthly car payment. Our financial experts can guide you in exploring extended loan options that align with your financial goals, whether it's for your current vehicle or a new purchase. This can lead to a reduced monthly payment and more budget flexibility. Loan terms range from three years (36 months) to extended terms up to seven years (84 months) and offer a variety of choices to match your financial situation.

Boost Your Down Payment

Boosting your initial down payment when purchasing a new or used vehicle can significantly lower your monthly payment. Even if you don't have a substantial down payment, every extra dollar you put towards your purchase goes a long way when it comes to lowering your costs. Another smart option is trading in your current vehicle and applying its value to your new purchase. This can lead to a substantial reduction in your monthly payment. Easily estimate the value of your trade-in today and receive an offer for it within minutes.

Assess Your Credit

Your credit score plays a pivotal role in determining eligibility of a new car purchase, the refinancing of your current loan or the process of trading in your current vehicle for a more budget-friendly one. It can also impact whether a larger down payment or a co-signer is necessary to reduce your financing costs, including the monthly payment. By checking your credit, you can address any potential issues that might affect your approval. This step offers valuable insights into your credit standing as you embark on the financing process.

Explore our online inventory to discover the latest Ford SUVs, pickup trucks, performance vehicles and commercial options available today. You can also secure a pre-approval from the convenience of your home and even place a custom order for your dream Ford. At Lithia Springs Ford, our experienced finance team is committed to simplifying your car-buying journey, regardless of your budget.

To find out more about how you can lower your monthly car payment, contact us today or stop by our dealership at 870 Thornton Road, Lithia Springs, GA 30122 . We look forward to serving our customers near Atlanta, Dallas, Douglasville and Smyrna.