First Time Buyers Campaign
Made with you in mind.
Through our first-time buyers program we can offer a low down payment, low monthly payments and low interest rates. At Bowen Scarff Ford Lincoln, Kent’s premier Ford dealer, we understand the stress of being a first- time buyer. Through the Ford First Time Car Buyers Program, we hope to make each step in buying your first Ford car, truck, hybrid, crossover, van or SUV a little easier.
Bowen Scarff Ford Lincoln is pleased to offer our First Time Buyer’s Program through Ford Credit. The terms of the program are as follows:
- Applicant has no previous automotive credit history on his/her bureau
- No derogatory credit history found on bureau
- Minimum verifiable 6 months on current job or qualified co-buyer
- Verifiable (pay stub, W-2, etc.) monthly income suffiecient to cover vehicle payment, ordinary living expenses (including rent, utilities, etc) and all currently outstanding debt, if any.
- Payment to income ratio of 15% or less
- In order to qualify for this program there is a payment cap of $350/month – If customer’s payment is over $350.00 they will not qualify for the FTB program.
- Tier 5 is not eligible
- Term is not to exceeed 72-months retail, 48 month lease
- Total monthly debt to total monthly income ratio of 50% or less. Total monthly debt includes, if applicable:
- Monthly vehicle payment
- Monthly rent or mortgage payment
- Other monthly payment obligations (installment loans, revolving loans, alimony or support payments, etc.)
- Minimum $500 customer cash down
- Maximum advance 100% of dealer invoice
- All criteria must be met in order to qualify