Financing a Ford in Australia
Getting finance for a Ford in Australia can be relatively simple. You have two main options: finance through Ford directly via myFord Finance, or getting a car loan separately from a bank or other lender.
There are also Ford finance options specifically for businesses and those who are eligible for a tax-friendly novated lease through their employer.
Whichever option you choose, it’s important to get the best deal possible on your Ford finance. Even a small difference in your car loan interest rate can mean spending significantly more or less. Particularly if you’re shelling out up to $90,000 for a top-of-the-range Ford Raptor, the extra interest over a full loan term could be painful.
Ford finance options at a glance
- Finance for a Ford Ranger, Everest, Mustang and more
- Secured and unsecured car loans
- Ford business finance options
- Ford novated lease
- Borrow up to $150,000
- Fixed or variable interest rate
- Finance terms from 1 - 7 years
- Flexible repayment options
- Pre-approval available
- Extra features like redraw
Ford finance rates compared
Compare car loan interest rates for a range of Ford models to see your estimated monthly repayments.
Ford model | Ford Escape Active |
|---|---|
Estimated cost | $34,990 |
Monthly repayments (6% p.a. interest) | $676 |
Monthly repayments (8% p.a. interest) | $709 |
Monthly repayments (10% p.a. interest) | $743 |
Ford model | Ford Ranger XL (2.0 Hi-Rider - 4X2) |
Estimated cost | $36,880 |
Monthly repayments (6% p.a. interest) | $713 |
Monthly repayments (8% p.a. interest) | $748 |
Monthly repayments (10% p.a. interest) | $784 |
Ford model | Ford Everest (Ambiente RWD) |
Estimated cost | $54,240 |
Monthly repayments (6% p.a. interest) | $1,049 |
Monthly repayments (8% p.a. interest) | $1,100 |
Monthly repayments (10% p.a. interest) | $1,152 |
Ford model | Ford Tourneo (Active lwb) |
Estimated cost | $65,990 |
Monthly repayments (6% p.a. interest) | $1,276 |
Monthly repayments (8% p.a. interest) | $1,338 |
Monthly repayments (10% p.a. interest) | $1,402 |
Ford model | Ford Mustang Coupe (GT 5.0 V8 Manual) |
Estimated cost | $78,990 |
Monthly repayments (6% p.a. interest) | $1,527 |
Monthly repayments (8% p.a. interest) | $1,602 |
Monthly repayments (10% p.a. interest) | $1,678 |
Ford model | Ford Ranger Raptor (3.0 4X4) |
Estimated cost | $90,440 |
Monthly repayments (6% p.a. interest) | $1,748 |
Monthly repayments (8% p.a. interest) | $1,834 |
Monthly repayments (10% p.a. interest) | $1,922 |
Ford model | Ford F-150 (Lariat Auto 4X4) |
Estimated cost | $124,990 |
Monthly repayments (6% p.a. interest) | $2,416 |
Monthly repayments (8% p.a. interest) | $2,534 |
Monthly repayments (10% p.a. interest) | $2,656 |
| Ford model | Estimated cost | Monthly repayments (6% p.a. interest) | Monthly repayments (8% p.a. interest) | Monthly repayments (10% p.a. interest) |
|---|---|---|---|---|
Ford Escape Active | $34,990 | $676 | $709 | $743 |
Ford Ranger XL (2.0 Hi-Rider - 4X2) | $36,880 | $713 | $748 | $784 |
Ford Everest (Ambiente RWD) | $54,240 | $1,049 | $1,100 | $1,152 |
Ford Tourneo (Active lwb) | $65,990 | $1,276 | $1,338 | $1,402 |
Ford Mustang Coupe (GT 5.0 V8 Manual) | $78,990 | $1,527 | $1,602 | $1,678 |
Ford Ranger Raptor (3.0 4X4) | $90,440 | $1,748 | $1,834 | $1,922 |
Ford F-150 (Lariat Auto 4X4) | $124,990 | $2,416 | $2,534 | $2,656 |
Types of Ford finance options available
1
Secured loan
A common way to finance a Ford is with a secured car loan, where the vehicle acts as security for the loan, lowering the lender’s risk. However, if you miss payments or default, the lender can take ownership of the vehicle and sell it to recover the debt. Loan terms usually range from 1 to 7 years, and you can choose between fixed or variable interest rates.
2
Unsecured loan
An unsecured personal loan is similar to a car loan, but it doesn’t require your Ford as security. Since there’s no asset backing the loan, lenders usually charge higher interest rates to cover the increased risk. Otherwise, unsecured loans work much like car loans.
3
Novated lease
Another option for financing a Ford for personal use is a novated lease through your employer. This can offer tax advantages that aren’t available through other forms of Ford finance. If you take out a novated lease, you can pay for your Ford, as well as most running costs (fuel, car insurance etc.), partly using your pre-tax salary. You’ll also get a GST discount on the cost of the vehicle and car running costs.
4
Finance lease
If you're looking for the flexibility of not owning your Ford right away, a finance lease could be a great option for eligible business customers. In this arrangement, you make regular payments to the lender, who purchases the vehicle on your behalf and retains ownership throughout the lease term. At the end of the lease, you can choose to either renew the lease or buy the Ford outright.
5
Chattel mortgage
If you’ll be using your Ford for business purposes more than 50% of the time, you might be eligible for a chattel mortgage. This type of business vehicle finance works like a secured car loan but also provides additional tax benefits for businesses.
Ford dealer finance
Yes, it’s possible to get finance directly from Ford when you buy your vehicle. Through myFord Finance, Ford offers a fixed rate car loan with terms of between one and seven years available. Interest rates are personalised depending on the borrower.
Ford’s car loan comes with a balloon payment option for eligible vehicles. With a balloon payment option, it means you will have lower ongoing payments but a large one-off payment at the end of the term. Customers who choose this option will have the following options at the end of their finance term, according to Ford:
- Upgrade your Ford for a new one, or;
- Keep the vehicle, or;
- Return your Ford to the dealer.
Ford says it will guarantee the minimum return value of the vehicle, to ensure it covers the final balloon payment.
How to get the best deal on your Ford finance
Getting the best Ford finance deal means the loan with the lowest overall cost. That’s not necessarily the same as the lowest car loan interest rate advertised by a lender. Instead, it’s important to compare Ford finance options with a few different factors in mind:
Your personalised interest rate
This is the interest rate you’ll actually be paying on your Ford finance (not the one advertised). Your personalised rate will be calculated by the lender based on an individual assessment (e.g. your credit score).
Ford finance fees
Fees can quickly inflate the cost of financing a Ford. Pay attention to fees you’ll be charged up-front as well as ongoing fees.
The finance term
Ideally, you'll want the shortest term possible for your Ford finance, as that will mean paying less interest overall. For example, if you finance a Ford Ranger Raptor (3.0 4X4) priced at $90,440 with an 8% p.a. interest rate, you'll pay an extra $8,380 in interest over a 7-year term compared to a 5-year term.
Repayment options
Getting Ford finance with the flexibility to make extra repayments and repay the loan early (without penalties applying) could save you money in interest. You may also want to align your repayments with your pay and budget by having the option to choose between weekly, fortnightly or monthly repayments.
Am I eligible for Ford finance?
Eligibility for a Ford car loan will vary from lender to lender. But these are the standard car finance requirements with a lot of providers:
- You must be at least 18 years of age
- You must be an Australian citizen or permanent resident
- You must have a regular source of income to cover the repayments
- You meet the lender’s other credit criteria (e.g. they will check your credit score)
How to apply for Ford finance
Here’s a quick overview of the process for applying for Ford finance:
- Compare tailored Ford car loan quotes
- Choose your best deal or use a car loan broker who can help you compare a range of offers
- Apply for finance with the lender
- Provide documents to support your application
- The lender will assess your application
If your application is approved, the lender will either grant you car loan pre-approval up to a certain amount (meaning you can go shopping for a Ford based on that pre-approved budget), or final approval if you have already decided on the model you want to buy.
Ready to compare car loans for a Ford?
Get your best offers from multiple lenders. There's no obligation and checking your rates won't impact your credit score.
