Ford Drives U

schoolThe “broke college student” stereotype exists for a reason. Between the rising cost of tuition and how much money students spend on textbooks every semester, the prospect of purchasing a new car can seem like a distant post-graduation dream.

However, Ford is here to help. With the Ford Drives U program, eligible college students can apply for a $500 incentive and better finance rates; now that distant dream of owning your own brand-new car can become a not-so-distant reality.

You can sign up for the $500 in bonus cash right on Ford’s website to see if you’re eligible for the program. Once you sign up, you’re pre-registered until Ford approves you for great rates through Ford Credit.

In order to be eligible for this program, you must:

  • Be a full-time or part-time student at an accredited four-year college or university, junior college, community college, or trade school
  • Graduate between the dates of May 1, 2014 through January 3rd, 2017 (yes, recent graduates are still eligible!)
  • Be a student in an accredited Graduate School program

The Ford Drive U program began January 5, 2016 and will end January 3, 2017. Only Ford vehicles in the model years 2016 and 2017 are applicable. In order to become approved for the program, you must bring Proof of Student Eligibility, including a copy of your diploma, a copy of your final transcript, a letter of intent, or proof of enrollment status such as a current class schedule, reported card, or a dated letter from the school itself. Applicants must be enrolled in at least two classes or the equivalent of six credit hours.

My Old Car—Should I Trade it In or Sell It?

vehicle salesWhen the time comes to get a new car, most people want to get rid of their old one. To do this, you have two choices: you can trade it in or sell it yourself. Let’s take a look at some of the pros and cons of each option to help you decide which is best for you.

Trading it in

When you trade in your car, the dealership will evaluate your car, look at all of its features, consider any damage and offer you a price. You can use that money and put it directly toward the purchase of your next car. This is by far the easiest way to rid yourself of your old set of wheels since there is very little you have to do.

Selling it yourself

If you want to sell your car yourself, this will take a lot more work. You will have to advertise your vehicle, determine how much you are willing to sell it for, keep it insured, and take time out of your day for test drives.

When you do a private-party sale of your car, you may end up getting more money for it, but after you consider the cost of keeping it insured, possibly paying for advertising, doing any necessary cleaning and repairs, and taking time for test drives, that financial benefit begins to wane.

In the end, if you are willing to take the time and effort required to sell your own car, then by all means, go for it. But, if you prefer a no-hassle approach, bring your old car in to Friendly Ford and we promise to give you a fair price for your car.