Lincoln Auto Loans at Grapevine Lincoln

The classy sophistication and impressive luxury of a Lincoln car or SUV is difficult to resist, and you may be eagerly looking forward to taking home a new vehicle soon. Before you can enjoy cruising around the Grapevine area and beyond in your new Lincoln, you will need to consider your payment methods carefully. One of the more traditional ways to pay for a new vehicle is to finance the purchase with an auto loan. However, with the alternative options available to pay with cash or to sign an auto lease, you may be wondering if applying for an auto loan is a good idea. You may also be concerned that your credit scores are not sufficient to qualify for financing.

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Is Financing a Car a Good Idea?

Many drivers in the Grapevine area cannot afford to pay cash for a new vehicle, and those who can often prefer to keep their money in their own bank account. If you are included in this group, you may now be considering a loan versus a lease. Both have their strong points, but they are different in key areas. A closer look at the options may tell you which of these options is a preferred one given your specific financial needs and driving plans.

Some Grapevine drivers have heard that a lease is a more affordable option than a loan. In some cases, a lease may have more affordable monthly payments, but there are other factors to consider. With a lease, the driver usually must pay separate fees at the start and end of the lease term. The driver will be limited in terms of mileage, and an additional fee will be charged if you exceed the mileage limit. In addition, the term length is usually three years or less, and the driver usually must pay a lease termination fee and pay a new fee to start over with a lease another car at this same time.

You can see that the monthly payment could be lower with a lease, but the fees can be prohibitive for some drivers. The amount of a loan term will be based on the length of the term that you select and on the amount of money that you put down. These factors are flexible in most cases. For example, you could choose to make a large down payment with a long loan term, and this would generate low payments. In fact, the payment may be lower than with a lease in many cases with this type of situation. You could also choose to put no money down. With so much flexibility, you can set up a loan payment that fits comfortably in your budget. Remember that the vehicle is yours to own at the end of the term. You are not forced to surrender the vehicle or pay additional fees.

Is There a Minimum Credit Score to Finance a Car?

The financing team at Grapevine Lincoln understands that each of our customers has unique financing concerns, and we will work closely with you while giving you personalized attention. We regularly work with customers who have both higher and lower credit scores, and you can rest assured that we will do our best to find a quality loan program that is suited well for your unique situation.

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Grapevine Lincoln

801 E. State Hwy 114
Directions Grapevine, TX 76051

  • Sales: 866-271-3479


  • Monday 8:30AM - 9:00PM
  • Tuesday 8:30AM - 9:00PM
  • Wednesday 8:30AM - 9:00PM
  • Thursday 8:30AM - 9:00PM
  • Friday 8:30AM - 9:00PM
  • Saturday 8:30AM - 9:00PM
  • Sunday Closed