According to data gathered by the Financial Industry Regulatory Authority (FINRA) Investor Education Foundation, many Americans are not as educated as they should be when it comes to making important decisions like financing a vehicle. On 24 percent of millennials, and 40 percent of Americans overall, can correctly answer 4 or 5 questions relating to common financial issues.
With this in mind, Ford Credit has announced a series of short videos designed to deliver concise, easy to understand, information related to car financing. The first three videos in the series address issues such as understanding credit, the differences between buying and leasing, and what happens when a lease ends.
“We’re making it easy for people to understand automotive financing by providing the straightforward information they need to make good decisions about one of their biggest purchases – a vehicle,” said Krista Conyers, Ford Credit Marketing director. “For example, the ‘What is Credit?’ video compares a credit score to a grade on a school report card.”
The videos are available in English and Spanish at youtube.com/user/fordowner.