What is the Ford First-Time Buyer Program?
Buying your first vehicle can feel like a big step. Our First-Time Buyer program helps eligible buyers move forward with confidence, including those with limited credit history. It offers flexible financing terms, low down payments, and bonus cash toward a new vehicle.
First-Time Buyer Program Highlights
Build Credit with Confidence
Discover a dependable way to build your credit as a first-time car buyer, even if you have a limited credit history.
First-Time Buyer Incentives
Access exclusive Ford Credit offers, like bonus cash and a lower APR.
Support at Every Step
Move forward with a buying journey that's backed by award-winning customer service and post-purchase support.
Program Details
If you’ve never bought a vehicle before, Ford Credit wants to make that process as easy as possible:

  • Choose from new and Certified Pre-Owned Ford vehicles to find what works for you
  • Make financing more approachable — qualified applicants may be eligible for a lower APR
  • Receive $750 Bonus Cash on new Ford vehicles*, which can be combined with most active programs or offers
  • Finance up to $50,000, giving you more room to explore eligible Ford vehicles
  • Select flexible terms up to 84 months with low down payment options to fit your monthly budget**

*Ford Credit Bonus Cash requires Ford Credit financing. Not all buyers will qualify. **A co-signer or higher down payment may be required based on credit history and underwriting guidelines. See dealer for qualifications and complete details.
Program Eligibility
To be eligible for the First-Time Buyer program, applicants need:

  • No prior auto credit history and no adverse credit history
  • At least 6 months of verifiable current full-time employment
  • A down payment of $750 or more**
  • Minimum 620 FICO score required

Your local Ford Dealer can help confirm your eligibility and walk you through available program details. Additional documentation may be required.

**A co-signer or higher down payment may be required based on credit history and underwriting guidelines. See dealer for qualifications and complete details.
Decide Between a New & Used Vehicle
When choosing between a new or used vehicle, it’s important to look beyond the price and consider the total cost of ownership. New vehicles may offer warranty coverage and lower maintenance costs early on. Used vehicles may cost less upfront but need more repairs over time.
Make sure to also compare costs like insurance, maintenance, and monthly payments. You should also consider personal essentials like safety features, cargo space, and technology. This will help you get a clearer picture of all your potential direct and indirect costs before deciding.
Pre-Qualify for Financing
With your needs and budget established, you can get prequalified to see an estimate of how much you can afford. It has zero impact on your credit score!

Prequalifying can help first-time buyers:

  • Compare vehicles within a realistic price range
  • Shop with more confidence before visiting a dealership
  • Save time during the financing process
Determine the Right Price Range for Your Budget
Start by figuring out what you're comfortable spending on your vehicle each month. Consider regular expenses like insurance, fuel or charging costs, maintenance, and registration.

Once you have a budget in mind, use our payment calculator to estimate your monthly payment. It will also show how current offers and incentives may apply to the vehicle you're interested in.
Prepare for Your Dealership Visit
Before visiting the dealership, gather the documents you'll need. This includes your driver’s license, proof of insurance and income, and any financing or trade-in information.

To prepare for your visit, you can also:

Have a question about Ford's First-Time Buyer Program? Contact your local dealer now!

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