Ford’s 2020 Lineup Will Be Most Advanced Ever

The year 2020 may sound like the future, but it will be here in less than two years. Many automotive brands have big plans for that year. In fact, Ford’s 2020 lineup promises to bring new models, more technology, and improved capabilities.

Ford has announced that it is in the process of revamping its lineup to focus on its three core strengths: its SUV, truck, and commercial products. By 2020, Ford is promising to deliver four new trucks and SUVs. In addition, it is working on engineering new propulsion methods and creating new technology for future mobility systems.

“Our passion for great vehicles is stronger than ever,” said Jim Hackett, Ford president and CEO. “This showroom transformation will thrill customers, drive profitable growth and further build toward our future of smart vehicles in a smart world.”

By the end of 2019, all Ford vehicles will offer 4G LTE connectivity. Ford is also introducing its Co-Pilot360 system, which will be feature new driver-assist technologies including standard automatic emergency braking.

Ford’s hybrid models will also get a boost by offering better performance and capabilities. This will enable owners to potentially save money as gas prices fluctuate. In the next few years, we can also expect to see hybrid version of popular trucks and SUVs like the F-150 and Escape.

As we wait for the 2010 lineup to come into being, stop by Jimmy Michel Motors to test drive the latest Ford models we have on our lot.

How to Save for a Down Payment on a Car

car finance

A car might be one of the most expensive items you will ever buy. When you save up money for a down payment, you will have to finance less of the car, which will save you more money in the long run. Here are five steps on how to save for a down payment.

  1. Set a goal. If you have a specific kind of car in mind and a good idea of how much it will cost, you can set a goal for a down payment. If you are buying new, aim for 20% of the cost. For used, 10% of the cost will suffice.
  2. Track your spending. Go through your checking account and track where every dollar goes. Do this for a couple of months to get an idea of how much you are spending on certain items and services.
  3. Cut back. After tracking your expenses, you might realize you spend $100 a month on buying coffee. Cut back on items like this and put the money you save towards your down payment.
  4. Open a savings account. Make your savings easy by having a portion of your paycheck automatically deposited into a specific account.
  5. Trade in your old car. Many people forget that a trade-in counts towards a down payment. Use online tools like KBB.com to get an idea of what you can get for your old car.

 

For more information about down payments and to answer any vehicle financing questions, contact us at Jimmy Michel Motors. Our Finance Department will be glad to share their expert knowledge.