Call or Text 403-346-6621 | 3010 - 50 Avenue, Red Deer, Alberta, T4R 1M5
MGM Ford Lincoln
MGM Ford Lincoln
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  • Financing with MGM Ford Lincoln

    We Can Approve You When Other Dealers Can’t

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    We Can Get You Approved Even if the Banks Deny Your Loan

    Find a Vehicle Icon

    Find The Vehicle You Love

    Search our inventory to find the vehicle you love. At MGM Ford Lincoln, we have hundreds of models to choose from, including Ford’s award-winning lineup of cars, trucks, and SUVs.

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    Get Pre-Approved Online

    Now that you’ve decided on a vehicle, we can get you pre-approved for it without having to bring you into a dealership. Get approved in your pj’s!

    Pick Payment Icon

    Pick Your Payment

    Once you’ve been approved (MGM Ford Lincoln can finance your loan if the banks won’t) we work with you to choose a payment that fits both your lifestyle and your budget.

    Apply For Financing

    We’ve Approved More Than 300,000 People

    First-Time Buyer

    At MGM Ford Lincoln, we work with more than a dozen lenders to make sure we can give you the most flexible financing and leasing options. We have many financing options available for first time car buyers.

    Low or No Credit

    Having a hard time getting approved for a car loan? Don’t worry. MGM Ford Lincoln has solutions for nearly every credit situation. Our financing specialists can help you get back behind the wheel with affordable auto loans, even if banks turn you down.

    High Current Loans

    If you have a car loan already, and you think you’re paying too much, MGM Ford Lincoln’s parent company, Go Auto, can buy out your loan and get you a better finance rate and lower payment.

    Frequently Asked Questions

    What Should I Bring to My Finance Appointment?

    All buyers should bring:

      1. Valid government-issued driver’s license
      2. Current paystub
      3. Void Cheque

    Depending on the specifics of your purchase, you may be required to bring additional information. For a complete list of what you’ll need to buy or trade in a vehicle with Go Auto, call the dealership ahead of time and speak with a Sales Consultant.

    Will I be approved?

    Four main factors determine whether you get approved for a car loan:

    1. Vehicle selection—Cost, age, and mileage
    2. Application information—Employment history, residence, and income
    3. Credit history—Information contained in your credit file
    4. Down payment—Total of cash and trade equity

    For the best chance of approval, and the lowest monthly payment possible, try to select a vehicle that fits your budget. Also, provide as large of a down payment as you can.

    How are my car payments calculated?

    Once you’re approved for a car loan, three factors will affect your monthly payment (in order of importance):

    1. Amount financed
    2. Term or length of contract
    3. Annual Percentage Rate (APR)

    We offer competitive rates from a variety of finance companies to fit nearly every budget and credit profile. You can learn more about your personal finance options at any Go Auto dealership.

    How do I budget for car payments?

    The rule of thumb from most financial institutions is to spend no more than 15% of your gross monthly income on your car payment. For example, if you make $2,000 a month you should spend no more than $300 on your car payment.

    What is my credit score?

    Your credit score is a number that helps financial institutions predict the risk associated with your purchase of a car, house, credit card, etc. Typically, your credit score ranges from about 350 to 850, and is essentially meant to forecast how (and if) you will pay your bills. In general, the higher your credit score, the more likely you are to get approved for a car loan.

    The systems that generate your credit score look at your credit report, and take several factors into account when determining your credit score, including, for instance, your payment history, and the number of inquiries made on your credit report.

    How is my credit score calculated?

    Your credit score is a number that ranges from about 350 to 850. In general, the higher the number, the more likely you are to get approved for a car loan. The systems that generate your credit score look at your credit report and take several factors into account, including:

    • The timeliness of your payments, including late payments
    • The amount and type of debt you have
    • The number and age of your credit accounts
    • Inquiries created by applying for credit
    • Public records such as liens and judgments
    Should I finance or lease?

    Do you prefer to drive a new vehicle that will always be under warranty every few years? That’s one advantage of leasing. Do you prefer to build up equity and drive one car for a long time? Then consider financing.

    There are all sorts of factors to consider when choosing between financing and leasing. Luckily, we have a team of finance experts who are Happy to Help you find the best option for you. Call 403-346-6621 or any Go Auto dealership to schedule a free consultation.

    You can also learn more at our financing vs leasing page.

    Can I qualify for financing on my first vehicle?

    Of course. Many Go Auto customers qualify for financing on their first vehicle purchase.

    If a normal credit determination cannot be made based on your current credit history, you may still qualify for other programs, like those for recent college graduates.

    Stipulations for college students vary by finance company. Check with a finance professional at any of our Go Auto dealerships for more information.

    Need More Info? We’re Here to Help!

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    MGM Ford Lincoln

    3010 - 50 Avenue, Red Deer, Alberta
    T4R 1M5

    Go Auto Logo

    | A Go Auto Dealership

    MGM Ford Lincoln

    3010 - 50 Avenue, Red Deer, Alberta
    T4R 1M5

    Go Auto Logo

    | A Go Auto Dealership

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    *Where a photo is identified as a stock photo, the vehicle may not be exactly as shown. Stock photos may not reflect the vehicle’s exact colour, trim, options or other specifications. Please contact the dealership for verification or if you would like more information on this vehicle. *Prices for the provinces of Ontario, Alberta and British Columbia include dealer-installed accessories, optional equipment physically attached to the vehicle, transportation charges, taxes (other than GST/HST) and any applicable administration fees, but do not include GST/HST, insurance or licensing fees. For all other provinces (excluding Quebec), prices exclude taxes, insurance, licensing and other applicable fees. Price may not include dealer-installed options, accessories, administration fees, and other dealer charges. *All prices are in Canadian Dollars unless otherwise stated. *The Payment Calculator is for comparison purposes only and is based on the vehicle price, the entered term in months, the entered percentage rate and any other fields you are prompted to enter. Taxes, insurance, and licensing fees are additional. All financing is OAC. Please contact our dealership for more information.
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