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Which Electric Vehicles Qualify For A Tax Credit?

EVs That Qualify for Tax Credit

Power Up Your Savings

Have you been thinking about making the switch to an electric vehicle? It's a fantastic decision for the environment and your wallet, especially with the enticing federal EV tax credit. Here at Preston Ford of Denton, we're committed to helping you navigate the exciting world of electric vehicles and maximize your savings. In this blog, we'll break down the latest updates on the EV tax credit for 2024, highlighting which Ford models qualify and the potential financial benefits you can enjoy. Buckle up and get ready to rev up your eco-friendly ride with significant savings!

Electrifying Choices: Ford EVs Eligible for the Tax Credit

At the start of 2024, eligibility pertaining to the EVs that qualify for a tax credit has changed slightly. The good news is that several popular Ford models are eligible for the 2024 EV tax credit, making it easier than ever to find the perfect electric vehicle for your needs and lifestyle. Here are two standout choices:

Ford F-150 Lightning: This groundbreaking electric truck delivers the power and capability you expect from the legendary F-Series, all with zero tailpipe emissions. With an available range of over 300 miles on a single charge and the full $7,500 tax credit, the Ford F-150 Lightning is a game-changer for work and adventure.

Ford Escape Plug-in Hybrid (PHEV): This versatile Built Ford Tough® PHEV combines the efficiency of an electric motor with the range security of a gasoline engine. Perfect for everyday errands and longer commutes, the Ford Escape PHEV is another one of the Ford EVs that qualifies for tax credit. You can enjoy a $3,750 tax credit, making it an even more compelling choice for eco-conscious drivers.

These are just a couple of the fantastic Ford EVs that qualify for tax credits and can help you save money at the dealership. Be sure to visit our showroom or browse our online inventory to explore the full range of Ford electric and plug-in hybrid options available.

EV Tax Credit Changes in 2024: What's New?

Along with which particular EVs qualify for a tax credit, the biggest change for the 2024 EV tax credit is the exciting shift to an instant rebate system. Previously, EV customers had to wait until filing their taxes to claim the credit. Now, with the new system, the tax credit is applied directly at the point of sale! This means you'll see the savings reflected in the final purchase price of your new Ford EV, making the transition to electric even more financially rewarding. It's important to note that there are still some eligibility requirements for the EV tax credit. The vehicle's MSRP (Manufacturer's Suggested Retail Price) must fall under a certain threshold, and there may be income limitations depending on your tax filing status. For the most up-to-date information, we recommend visiting the IRS website to stay informed on the latest EV tax credit news.

Drive Electric, Save Big with Ford

Finding Ford EVs that qualify for tax credits is a fantastic opportunity to experience the thrill and environmental benefits of electric driving with significant financial savings. Our knowledgeable team is here to answer your questions and guide you through the process of finding the perfect Ford EV that fits your needs and budget. With a variety of electric and plug-in hybrid options to choose from and the instant EV rebate system, there's never been a better time to go electric with Ford! Head over to our dealership, begin browsing, and take a test drive today!

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JD Power Award

Ford Earns the Top Spot in the 2026 J.D. Power Initial Quality Study

Ford Takes the Top Buying a new vehicle is a big investment, and every driver wants to know they're choosing a brand they can trust. That's why Ford's latest achievement is such exciting news. For the first time since 2010, Ford has been named the No. 1 mainstream brand in the 2026 J.D. Power U.S. Initial Quality Study (IQS), one of the automotive industry's most respected measures of new-vehicle quality. After years of continuous improvement, Ford has climbed from 15th place among mainstream brands just a few years ago to the very top. At Preston Ford of Denton, we're proud to offer a lineup built on quality, innovation, and reliability, giving our customers even more confidence when it's time to drive home in a new Ford. See which Ford models ranked in the top and shop them online or in person today at our trusted Ford dealership! What Makes This Award So Important? The J.D. Power Initial Quality Study looks at the real experiences of new vehicle owners during their first 90 days of ownership. Drivers report any issues they encounter, from technology and infotainment to build quality and overall craftsmanship. Simply put, fewer reported problems mean a better ownership experience. This year's results show that Ford isn't just improving its stats in the automotive industry; it's paving the way. Built Better From the Ground Up Quality doesn't happen by accident. Over the past several years, Ford has reimagined how its vehicles are designed, tested, and built. Engineers, manufacturing teams, suppliers, and software developers now work more closely than ever before, focusing on one shared goal: delivering the highest-quality vehicles possible. Ford has also strengthened its engineering process by bringing in hundreds of experienced engineers to identify potential issues before production even begins. At the same time, manufacturing plants have adopted advanced technology, including AI-powered inspection systems, to catch even the smallest imperfections before vehicles reach customers. Technology You Can Count On Today's vehicles are smarter than ever, and Ford knows drivers expect technology to work just as well as the engine under the hood. That's why one of Ford's biggest improvements came in software and infotainment. Every system now undergoes hundreds of thousands of automated test scenarios before reaching production vehicles, helping create a smoother, more dependable driving experience from day one. Whether you're connecting your smartphone, using navigation, or relying on advanced driver-assist technologies, you can enjoy greater confidence behind the wheel. These Fords Continue to Shine The impressive overall ranking is backed by outstanding performances from some of Ford's most popular vehicles. For the second consecutive year, these models ranked highest in their segments: Ford F-150 Ford Mustang Ford Super Duty Several additional favorites also earned Top 3 finishes, including: Ford Escape Ford Explorer Ford Expedition Ford Maverick In total, seven of Ford's ten eligible vehicles finished among the top three in their categories, more than any other automaker. Whether you need a dependable pickup for work, an SUV for the family, or a versatile daily driver, Ford continues to prove its commitment to building vehicles drivers can rely on. Why This Matters When you visit our trusted Ford dealership, you're not just shopping for a vehicle with impressive features. You're choosing a brand that's invested years into making every drive better. From award-winning trucks to family-friendly SUVs, today's Ford lineup reflects a commitment to craftsmanship, smarter technology, and continuous improvement. It's all part of delivering the kind of ownership experience our customers deserve. Our team is here to help you explore the latest Ford models, answer your questions, and help you find the vehicle that fits your lifestyle with confidence. Key Takeaways Ford's latest recognition isn't just another industry award. It's a reflection of years of innovation, engineering, and a commitment to building better vehicles for drivers like you. #1 Mainstream Brand in the 2026 J.D. Power U.S. Initial Quality Study (IQS). 41 fewer problems per 100 vehicles compared to last year, marking one of the biggest quality improvements among mainstream automakers. Ford F-150, Ford Mustang, and Ford Super Duty earned Best in Segment honors for the second consecutive year. Seven of Ford's ten evaluated models finished in the Top 3 of their respective segments, the highest percentage of any automaker. Ford achieved these results through significant investments in engineering, manufacturing, software testing, and quality control, all with one goal: delivering a better ownership experience. Experience Ford's Award-Winning Lineup Today There's a reason more drivers continue to choose Ford. Now recognized as the No. 1 mainstream brand for initial quality, Ford is setting a new benchmark for reliability and customer satisfaction. If you're ready to experience the difference for yourself, visit Preston Ford of Denton and explore our wide selection of new Ford trucks, SUVs, and cars. We look forward to helping you find a vehicle you'll enjoy for years to come! SHOP NOW

when should you trade in your car

When Should You Trade In Your Car? Signs It’s Time

Is Your Car Past Its Prime? Many drivers reach a point where keeping their current vehicle becomes more expensive, less practical, or simply less comfortable. For anyone wondering, “When should you trade in your car?” the answer usually comes down to costs, reliability, and whether the car still fits daily life. A smart vehicle trade-in decision is not based solely on age. It depends on repair costs, trade-in value, mileage, your loan balance, and how well the car matches your current needs. Keep reading to discover when it’s time to trade in your vehicle and how you can value your trade today at Preston Ford of Denton. Watch for Rising Ownership Costs One of the clearest signs you should trade in your car is when ownership costs keep climbing. If routine service has turned into repeated visits for the engine, transmission, brakes, or electrical issues, your budget may be telling you it is time. A few repairs each year are normal, especially as a vehicle gets older. The problem starts when repair costs approach or exceed the car’s actual market value. If a major repair is coming soon, compare that bill with your estimated trade-in value. Spending thousands on an aging car rarely makes sense if that money could be used as a down payment on a more dependable replacement. Fuel efficiency matters too. If your current car burns more gas than newer options in its class, the long-term cost gap can become significant, especially for drivers with longer commutes. Evaluate Reliability, Condition, and Mileage High mileage does not automatically mean you need a different vehicle. Still, mileage often affects resale value, reliability, and the likelihood of expensive wear on critical systems. Mechanical and Safety Warning Signs Certain problems deserve extra attention because they affect both cost and confidence behind the wheel. If several of these are happening at once, the best time to trade in a car may be right now. Frequent engine trouble or recurring check engine lights Transmission slipping, delayed shifting, or harsh gear changes Brake issues that keep returning after service Rust, leaks, or suspension wear that affects drivability Outdated safety features compared with newer vehicles Modern safety features can be a practical reason to move on from an older car. If your vehicle lacks helpful features such as Blind Spot Monitoring, Automatic Emergency Braking, or updated airbags, a trade may improve daily safety, peace of mind, and convenience. Cosmetic Wear Also Affects Value Cosmetic details such as dents, interior wear, worn tires, cracked glass, and an inconsistent maintenance record can all influence the offer you receive. That does not mean every small imperfection needs to be repaired before trading in. Minor cosmetic issues are often not worth fixing. However, signs of visible neglect can affect how your vehicle is assessed and may lower its overall trade-in value. Consider Timing, Equity, and Market Value A good trade is often about timing as much as condition. If your car still runs well and retains decent value, trading before major problems arise can preserve more of that value. Check whether you have positive equity or negative equity. If your car is worth more than your loan balance, that difference can help lower the cost of your next vehicle. If you owe more than the car is worth, waiting may be smarter unless reliability has become a serious concern. Rolling negative equity into a new loan can make your next purchase more expensive than it needs to be. When Market Conditions Favor A Trade Used vehicle prices do not stay constant. If demand is strong for your type of car, truck, or SUV, dealerships may offer more competitive trade-in value than usual. Seasonality can matter as well. Fuel-efficient sedans and hybrids may attract more interest when gas prices rise, while all-wheel-drive vehicles often gain attention before winter in colder regions. It also helps to trade before a warranty expires, especially if your vehicle is nearing the end of bumper-to-bumper or powertrain coverage. Buyers and dealers often value vehicles more favorably when some warranty protection remains. Ask Whether Your Car Still Fits Your Life Sometimes the issue is not mechanical at all. Lifestyle changes are one of the most overlooked reasons people decide to trade. A growing family may need more space for car seats, strollers, or cargo. A new job with a longer commute may make fuel efficiency far more important than it was before. You might also need different capabilities. Someone who moved to a snowy area, started towing, or downsized to city driving may benefit from a vehicle that better matches those routines. If your current car no longer supports your day-to-day needs, holding onto it may create ongoing inconvenience and expense. In that case, when you should trade in your car becomes less about age and more about function. Comparing a Trade-In with a Private Sale Selling privately can sometimes fetch a higher price, but it usually involves more time, effort, and paperwork, such as listing the vehicle, answering buyer messages, arranging test drives, and managing the transaction yourself. Trading in at our dealership offers a simpler and more convenient experience. Our process is quick and straightforward. The value of your current vehicle can be applied directly toward your next purchase, and in many cases, you may also benefit from potential tax savings when you trade in rather than sell separately. A private sale may be worth considering if your vehicle is in excellent condition and you are comfortable spending extra time finding the right buyer. However, many drivers prefer the speed, convenience, and peace of mind that come with completing the entire process right here at our dealership. How to prepare for the trade-in process You do not need a perfect vehicle to get a fair offer. You do need preparation. Check your car’s estimated market value from multiple sources. Gather maintenance records, title information, and loan details. Clean the vehicle inside and out before appraisal. Know your loan balance so you understand your equity position. Get offers from more than one dealership if possible. Doing this gives you a clear understanding of your vehicle’s value so you can negotiate with confidence rather than relying on guesswork. Make the Decision with Numbers, Not Pressure The best trade-in decisions come from looking at the full picture. Consider factors such as repair costs, mileage, warranty coverage, fuel efficiency, safety features, and your vehicle’s current trade-in value. It is also worth considering whether your current car still meets your daily needs and lifestyle. If your vehicle is starting to require frequent repairs, becoming less reliable, or no longer meeting your needs, trading it in can be a smart next step. At Preston Ford of Denton, our team can help you evaluate your vehicle, provide a fair trade-in value, and make the process simple so you can move forward with confidence and explore your next vehicle. FAQs How do I know when it's time to trade in my car? It may be time when repair costs keep rising, reliability drops, or the car no longer fits your needs. Expiring warranty coverage, major repairs, and positive equity are also common signs. What is the 30-60-90 rule for cars? The 30-60-90 rule suggests putting 30% down, choosing a loan of 60 months or less, and keeping total car costs near 10% of gross monthly income. It is a budgeting guideline designed to keep vehicle expenses manageable. When not to trade in your car? Avoid trading if you have heavy negative equity, low repair costs, or a dependable car that will be paid off soon. Keeping a reliable vehicle is often cheaper than replacing it too early. GET STARTED

Ford Employee Pricing

Ford Employee Pricing For All

AMERICAN VALUE. FOR AMERICAN VALUES. Ford has spent more than 120 years helping move America forward, earning its place on roads, job sites, driveways, and in family memories across the country. Now named the Most Iconic Company in America by TIME and Statista, Ford is celebrating that legacy as the nation approaches its 250th birthday with the AMERICAN VALUE. FOR AMERICAN VALUES. Employee Pricing Event. Preston Ford of Denton in Denton, MD, is proud to participate in this limited-time event, giving eligible shoppers access to Employee Pricing on select eligible new Ford vehicles. It’s a meaningful opportunity to upgrade with confidence, enjoy real value, and drive home in a Ford vehicle that fits your way of life. Employee Pricing For A Limited Time For a limited time, eligible shoppers can take advantage of Employee Pricing on select eligible new Ford vehicles at Preston Ford of Denton during the AMERICAN VALUE. FOR AMERICAN VALUES. Employee Pricing Event. This national Ford event celebrates the values that have shaped the Ford legacy for generations: hard work, craftsmanship, dependability, innovation, and a lasting commitment to communities across America. Ford has long been part of the American story, helping drivers show up for the workday, the school run, the family trip, the growing business, and everything in between. Today, that same purpose continues across a lineup of capable Ford trucks, versatile Ford SUVs, hardworking Ford vans, performance vehicles, and electric vehicles designed for the way Americans drive. Employee Pricing Made Simple The AMERICAN VALUE. FOR AMERICAN VALUES. Employee Pricing Event is a national Ford program available through participating dealers from May 1, 2026, through July 6, 2026. During this event, eligible customers can receive Employee Pricing on select eligible new Ford vehicles. Eligible vehicles may include select new 2025 and 2026 Ford models, such as the Ford Mustang, Ford Mustang Dark Horse, Ford Mustang Mach-E, Ford Bronco Sport, Ford Bronco, Ford Expedition, Ford Maverick, Ford Ranger, Ford F-150, Ford Transit Van, Ford E-Transit, Ford Bronco Raptor, Ford Bronco Stroppe Edition, Ford F-150 Lightning, Ford Super Duty, Ford Escape, and Ford Explorer. Eligibility varies by model year, trim, delivery type, availability, and program rules, and some specialty vehicles are excluded. Our team at Preston Ford of Denton can help you confirm which vehicles in our inventory qualify, review current pricing, and walk you through your options. Shop AMERICAN VALUE. FOR AMERICAN VALUES. Near Denton, MD Ford vehicles are woven into the daily lives of drivers across the country, from work sites and school drop-offs to road trips, errands, and weekend escapes. Here in Maryland, Preston Ford of Denton is proud to help drivers from Denton and surrounding communities find dependable Ford vehicles that fit their lives. Whether you’re interested in a capable Ford F-150, a versatile Ford Explorer, an adventure-ready Ford Bronco Sport, an efficient Ford Mustang Mach-E, a practical Ford Maverick, or another eligible new Ford vehicle, this event gives you a timely reason to shop. Why Shop With Preston Ford of Denton? At Preston Ford of Denton, we believe the right dealership experience should feel clear, helpful, and easy from the start. Our team is here to provide upfront guidance, answer your questions, and help you compare eligible Ford models with confidence. During the AMERICAN VALUE. FOR AMERICAN VALUES. Employee Pricing Event, you can shop online or visit our dealership in Denton, MD, to explore qualifying new Ford inventory. We’ll help you understand Employee Pricing, review available incentives, and find a vehicle that makes sense for your lifestyle, your business, and your budget. When you shop with Preston Ford of Denton, you’re working with a local dealership that values honesty, hospitality, and doing right by our customers. Shop the Event Before It Ends July 6, 2026 The AMERICAN VALUE. FOR AMERICAN VALUES. Employee Pricing Event is only available for a limited time, from May 1, 2026, through July 6, 2026. Inventory and eligibility may vary, so now is the time to explore your options. Visit Preston Ford of Denton in Denton, MD, give us a call, or browse our new Ford inventory online today. However you choose to shop, our team is ready to help you take advantage of Employee Pricing on select eligible new Ford vehicles during this limited-time Ford event. SHOP NOW