Chastang Ford

Finance Center

Financing & Leasing

Chastang Ford makes it easy to secure affordable financing or lease terms when you purchase a new or used vehicle. Our finance experts are committed to finding you the best deal, no matter your credit situation. We work closely with trusted financing sources and can help find you a loan with a low rate and flexible terms.

Investing in your business comes with expectations.

As you manage and grow your operations, the Chastang Ford Commercial Credit Team delivers financial solutions and services that help you achieve your goals.
Commercial Line of Credit from Ford

Commercial Line of Credit Details

When you need to add commercial vehicles to your fleet, Ford Credit can help you get them quickly and easily with a Commercial Line of Credit (CLOC). Once you establish a CLOC, you can acquire additional vehicles whenever you need to. No need to reapply every time you need a vehicle.

What Is a CLOC?

A CLOC helps you secure the availability of credit to save time when financing or leasing new commercial vehicles. Once approved, you can add vehicles to your fleet and get coverage for all of your financing or leasing needs; no need to reapply every time you need a vehicle.

Why Should I Apply For a CLOC?

CLOC ADVANTAGES:

  • Flexible terms
  • No setup or non-utilization charges
  • Credit that frees up capital
  • Availability of a combined billing statement
  • The availability of credit when you need it

FEATURES & CONVENIENCE

  • Credit approval for up to 12 months
  • Credit lines starting at $250,000
  • Saves time when additional vehicles are needed
  • Frees up capital for other investments
  • Availability for retail financing, Red Carpet Lease and CommerciaLease

Commercial Credit Application

Applying for credit online is convenient and secure. The process usually takes around 10–15 minutes. Chastang Ford will contact you shortly after submitting your application to complete the process and configure your vehicle to your business needs.

You’ll also be asked to answer a few questions about your preferred vehicle and financing options (i.e., financing type: purchase or lease, and if you have a Guarantor). Your final vehicle and financing options will be selected at your local dealer.

You’ll need to provide the following basic personal information:

  • Email Address
  • Tax ID Number
  • Business Gross Profit

If you have a Guarantor, the following information will be needed for this individual:

  • Social Security Number
  • Date of Birth
  • Employment Status and/or Monthly Income

Finance Department

Mon:
8:00 am – 7:00 pm
Tues:
8:00 am – 7:00 pm
Wed:
8:00 am – 7:00 pm
Thurs:
8:00 am – 7:00 pm
Fri:
8:00 am – 7:00 pm
Sat:
9:00 am – 6:00 pm
Sun:
closed

Buying Vs Leasing a Ford​

Deciding whether to buy or lease a new Chastang Ford can be a difficult choice. It is important to know the differences between the two options so you can figure out which is best for you.

When you buy a vehicle, you are paying for the entire vehicle. Typically buyers make a down payment, either pay the sales tax in cash or roll the amount into the loan, and then make monthly payments with a set interest rate. This option is great for those who drive many miles, or plan on keeping their car for a long period of time.

When you lease a vehicle, you are only paying for the amount of the vehicle you use. The sales tax is included in the monthly lease payment, which is determined in part by a money factor that is much like an interest rate on a new car loan. Typically the first monthly payment is made when you sign the contract. Leasing is a great option for those who want lower monthly payments and a new vehicle every few years.

Finance Questions?

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