Vehicle Financing Options


In dealership financing, you and a dealer enter into a contract where you buy a vehicle and agree to pay, over a period of time, the amount financed plus a finance charge. The dealer may retain the contract, but typically sells it to a bank, finance company or credit union - called an assignee - that services the account and collects your payments. Dealership financing may offer you:

Convenience. Dealers offer vehicles and financing in one location and may have extended hours, like evenings and weekends.

Multiple financing options. The dealer's relationships with a variety of banks and finance companies may mean it can offer you a range of financing choices.

Special programs. Dealers sometimes offer manufacturer-sponsored, low-rate or incentive programs to buyers. The programs may be limited to certain vehicles or may have special requirements, like a larger down payment or shorter contract length (36 or 48 months). These programs might require a strong credit rating; check to see if you qualify. Remember: Shop around before you make a decision about buying or leasing. Consider offers from different dealers and several sources of financing, including banks, credit unions, and finance companies. Comparison shopping is the best way to find both the vehicle and the finance or lease terms that best suit your needs.

What kind of ancillary products are available, and how might they benefit me and my vehicle? There are several different categories of ancillary products available for your vehicle, from extended service contracts to environmental protection. It's always helpful to know what types of products may be available to you at the time you purchase your vehicle. It's also a good idea to be aware of the different options available for each type. Below is a list of those products, click on available links to read more about the product from the manufacturer.

Extended Service Contracts

Vehicle Service Contracts are a great way for vehicle owners to keep one of their biggest investments in top working condition. It's also one way buyers can protect themselves from the added costs of any unexpected repairs. With the advanced technology in today's vehicles, repairs can be costly and are often unpredictable. A Vehicle Service Contract can help protect you against unexpected repair costs and significant out-of-pocket expenses that may be required after your manufacturer's warranty has expired. Vehicle Service Contracts are available in several mileage/term combinations and coverage levels to meet your budget and specific needs. Costs depend on the type of vehicle you lease or purchase, how many miles are on the vehicles odometer at that point in time, the kind of repairs that the service contract covers, and the amount of years or miles the contract covers before it expires. Your options may vary, so ensure you find the right vehicle service Contract to fill your individual needs by speaking with your business manager.


Extends maintenance coverage up to a total of 6 years or 100,000 miles.


Pays cost of parts and labor on covered repairs for ____ years or _______ thousand miles, with a $______ deductible.

Guaranteed asset protection (GAP)

When a vehicle is declared a total loss, the primary auto insurance settlement is generally based on the market value of the vehicle. This amount may be substantially less than the balance due on the vehicle. The financial gap remaining is a difference that you have to pay. If you have an incident where your car is declared totaled and you still owe more on your finance or lease contract, GAP can lessen or even eliminate your remaining balance, including your insurance deductible in most states. GAP is best for drivers who are looking for added security against unforeseen circumstances such as theft, fire, total loss, or natural disasters.

Tire & wheel Protection

Protect your tires and wheels from the hazards of the road. No matter how carefully you drive, inevitably you will encounter glass, nails, debris, pesky potholes and other road hazards that can leave you with a tire or wheel in need of repair, or possibly replacement. With comprehensive Tire & Wheel Protection, you can travel the roads with a peace of mind knowing that your tires and wheels will be covered in the event of damage from eligible road hazards, and emergency roadside assistance is available when you need it.


Replaces or repairs tires and wheels damaged due to road hazard for 3 - 5 years.


Replaces tires when tread depth is below 2/32" due to normal wear for as long as you own the vehicle.

Key Replacement

Most modern vehicles are now operated using electronic keys which are programed to correspond with codes located in the vehicles ignition. Replacing these new keys, FOBs and remotes when they are lost, stolen or destroyed can be costly. Key replacement programs often provide you with a replacement key, cover programming costs for missing or damaged key and may even provide roadside assistance and lock-out service.

  1. Jim Schmidt Ford Inc.

    405 West High Street
    Hicksville, OH 43526

    • Sales: (419) 542-7776
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  • Contact our Sales Department at: (419) 542-7776
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