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Financing

Get a car loan or lease in the Virginia & Washington DC area from Koons Sterling Ford's Finance Department.

Koons Sterling Ford's finance department is here to assist you with a car loan or lease for your new or used car, truck or SUV. Visit our Washington DC Ford car dealership convenient to Virginia or fill out our secure online car loan application.

Koons Sterling Ford finance staff works with many financial institutions to get you the best rates on a car loan in the Washington DC and Virginia area. Our objective is to simplify the finance process and make it easy for a customer to get behind the wheel of his or her new or used car and onto the Washingotn DC streets.

Make sure to check out our latest finance specials and save big on select models.
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Financing Navigation

Contact Information

Koons Sterling Ford

46869 Harry Byrd Hwy.

Sterling, VA 20164
workSales:
703-430-7700
serviceService:
703-444-5750

Finance FAQ


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Tip!

Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.

Tip!

Owning a lease vehicle is possible if purchased outright after the lease period ends.

A typical lease period runs between 24 and 48 months.

Tip!

Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.

Tip!

Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.

Tip!

Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.

Tip!

Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.

Tip!

Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.

If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.