Koons Ford of Baltimore Finance Center

From leasing to buying, the Koons Ford of Baltimore finance team is ready to help! Take care of nearly every step of the financing process right from home, or, if you prefer, drivers can contact one of our in-house finance experts. Our team is ready to help with all your new and used vehicle finance needs! From our online digital retailing tools to our finance experts, Dundalk and Randallstown drivers can look forward to a modernly convenient financing experience at Koons Ford of Baltimore.

Koons Ford of Baltimore Finance Resources

Buying Vs Leasing


Vehicle leases are contracts that usually last anywhere from two to six years and end with the return of the leased vehicle to your dealership. Whether you don't like the commitment that comes with buying a vehicle outright or you enjoy switching to a new model every couple of years, vehicle leasing affords plenty flexibility. Leases feature structured monthly payments that last for the length of the lease contract. At the end of the leasing contract, Baltimore area drivers just have to return the vehicle to the dealership and, voila - you're free to lease another vehicle.


If you're looking for a vehicle that will be entirely yours, buying a vehicle is for you. Buying a vehicle sees drivers either buying the vehicle outright or opting for a loan. If you opt for a loan, you usually pay the loan off at monthly intervals. Once fully paid off the loan, the car is completely own by you. 

Loan Approval

Baltimore area drivers can fill out an online finance application to get an overview of prospective auto loan, finance packages, and leasing options. Once completed and submitted, your finance application will be reviewed by one of our in-house finance experts, who will contact you to go over potential finance options.


No-Hassle Trade Evaluation

Our trade-in experts at Koons of Baltimore will give you the most market reflective vehicle pricing for your used car, truck, van, or SUV. click here

Buy vs Lease

Buying a car is easy, how you pay for it is a little more involved. If you're looking for information on what works better for you click here.

Quick Links to help with your financing questions:

You've got questions we've got answers.
A quick payment and interest calculator.
  The FTC has some info for you on vehicle financing.

Call: (888) 698-7569

Auto Finance Vocabulary

Buying a vehicle is an easy process. Like any industry, however, the financing world has its share of odd and sometimes difficult to understand language. Here's a short list of the most common terms used during the finance process:

> APR:
The Annual Percentage Rate

> Assignment:
A transfer of a loan from one lender to another

> Base Price:
The costs of a car with standard equip incentives & freight

> Certificate of Title:
A Legal document issued by a state at the time of sale

> Co-signer:
A person who takes on a loan if the orig. borrower stops pay

> Default:
Failure to meet the terms of the loan

> Interest:
A percentage charge for a loan

Manufacturers Suggested Retail Price

> Refinance:
When one loan is used to pay off another

> Term:
The length of the loan, 24, 48, 60... months

> Underwriting:
Verifying the data used to obtain a loan