First Time Buyer Program
First-Time Jitters, Meet the First-Time Buyer Program
The Ford Credit First-Time Buyer Program helps you get into the vehicle you want with $750 in Customer Bonus Cash, competitive low rates, and no co-signer required.
Why Finance Your First Vehicle With Us?
$750 Bonus Cash
Qualified applicants receive $750 in Ford Bonus Cash towards eligible new vehicles, helping reduce your total upfront costs.
Competitive APR
Make financing approachable. Approved applicants benefit from enhanced Tier 1 interest rates to help keep monthly payments manageable.
No Co-Signer Needed
No prior auto credit? No problem. The program is tailored for qualified buyers looking to build auto credit on their own terms.
Program Details & Flexibility
- Flexible Terms: Choose payment plans up to 84 months to fit your budget.
- Low Down Payment: Get started with as little as $750 customer cash down.
- Generous Financing Limits: Finance up to $50,000 for maximum vehicle choice.
Eligible Vehicles
Choose from a wide range of popular new Ford models and certified pre-owned options:
New Ford Vehicles
- Ford Bronco & Bronco Sport
- Ford Escape & Explorer
- Ford F-150 & F-150 Lightning
- Ford Maverick
- Ford Mustang & Mustang Mach-E
- Ford Ranger
Certified Pre-Owned (CPO)
- Ford Blue Advantage (Gold & Blue Certified)
- Lincoln CPO Signature & Select
- Vehicles up to 5 model years old
Frequently Asked Questions
What customer incentives or bonus cash are available?
Ford provides a $750 First-Time Buyer rebate on eligible new vehicle purchases financed through Ford Credit. This rebate helps reduce your total upfront vehicle cost.
How does the financing rate benefit work?
For approved first-time buyers who qualify, Ford Credit provides a rate concession upgrading the standard rate to Tier 1 interest rates (standard or subvened) to help make monthly payments more affordable.
What down payment is required to qualify?
A minimum $750 customer cash down payment is required. Trade equity and rebates cannot be substituted for the minimum customer cash requirement.
Do I need proof of income or a co-signer?
A co-signer is not required for qualified buyers. Proof of Income (POI) is required upfront for Tier 3 and 4 applicants, along with a minimum of 6 months time on the job.
Who qualifies as a First-Time Buyer?
Qualified buyers must have a minimum FICO score of 620, no prior auto tradelines, and no history of repossessions, charge-offs, or bankruptcies. Vehicles must be for personal use.
*First-Time Buyer Bonus Cash ($750) requires Ford Credit financing on eligible new vehicles. Not all buyers will qualify. A co-signer or higher down payment may be required based on credit history and underwriting guidelines. Program is subject to credit approval by Ford Credit. See dealer for full qualifications and program details.