Car Loan Options for Ford
Access a wide range of great finance options through Savvy when you’re looking to buy a Ford.
Author
Savvy Editorial TeamFact checked
Ford finance options
Ford is one of the most popular makes of car in Australia, whether that be SUVs like the Ford Puma or Escape, the Focus hatchback or even its ST models like the Ford Fiesta or Ranger Raptor. Because of this, Savvy has partnered with a range of lenders across Australia to help our customers access the cheapest and best finance products for Ford vehicles.
With loans only limited by your borrowing power and low rates, our experienced brokers are here to help you maximise your loan savings every step of the way. You can get the wheels turning by submitting your quick quote today.
The features and benefits of our car loan
Competitive rates
You can fix your interest at a competitive rate from the start of your loan to help you save and bring financial certainty to your repayments.
Borrow up to your Ford’s value
There’s no upper limit to what you can borrow as long as you can comfortably repay, with amounts available from $5,000 and up.
Choose your loan term
Have a say in the cost of your repayments, and your loan as a whole, by selecting the length of your car loan between one and seven years.
Select your repayment schedule
Additionally, you can customise your car loan to fit around your personal income needs to pay your instalments monthly, fortnightly or weekly.
Purchase new or used
Whether you want to buy the newest Ford Ranger or a classic Mustang, we can help you get approved for a loan for cars up to 20 years old at purchase.
Free early repayments
We can connect you with lenders who offer you the flexibility to repay your loan as quickly as you like for no extra cost, saving on interest and fees.
Available for private or business use
Fords aren’t just popular with private consumers. We can help you find chattel mortgage, car lease and hire purchase solutions if you’re self-employed or run a business.
No mandatory deposit
You won’t be forced to put forward a large lump sum as part of your financing agreement, but we can match you with lenders who offer you the ability to do so with your Ford if you want to.
Why Savvy is a great place to finance your Ford
100% online application process
You won’t have to worry about potentially messy paperwork. Your application is conducted online via secure portals, including submitting documents.
More Lenders
With over 25 reputable lenders counted in our panel, you’ll be able to compare from the best offers on the market when selecting your ideal loan.
Fast approvals and settlements
Our experienced consultants and smart on-site technology allow your application to be processed in as few as 48 hours from start to finish.
Car loan repayments calculator
Your estimated repayments
$98.62
Total interest paid: | $1233.43 |
Total amount to pay: | $5,143.99 |
Disclaimer: The results provided is an estimate only. Please read our Calculator Assumptions and Disclaimer for more information
How to maximise your savings on your Ford car loan
Compare a wide range of options
Perhaps the simplest way to save money on your loan is to survey as many lenders and products as possible. Fortunately, at Savvy, we do the heavy lifting for you by conducting the initial comparison process with our advanced technology and experienced loan consultants.
From there, comparing loans based on their interest and fees, as well as their loan terms and extra features, will help you determine the option that saves you the most money.
Make additional repayments throughout your loan
It may seem simple but paying above the minimum throughout Ford car finance deals can help save hundreds, if not thousands, overall. For example, paying just $100 extra each month on a $30,000, five-year car loan at 5% could help you save almost $700 and reduce your term by ten months.
Choose a shorter term where possible
The longer your loan term, the longer the time spent paying interest and fees. While shortening your loan term leads to short-term pain, the long-term gain comes in the form of meaningful savings.
Using the loan from the previous example, cutting your term from five years to four will increase your repayments by over $100 monthly, but reduce your total interest accrued by more than $800 and cut 12 months’ worth of service fees out of your total.
Take steps to improve your credit score
Your credit score plays a significant role in shaping your car loan interest rate, as well as your borrowing capacity, so improving it in the lead-up to financing can benefit you financially. You can do this by taking simple action such as lowering the limits on your credit card and paying off any outstanding debts.
Buy at the right time
You can often find the best deals on cars at the end of the financial year, with widespread sales across dealerships cost at the end of June and start of July. Additionally, Ford offers cheaper deals on runout models (those which are brand-new but from a year or two prior) and ex-demonstrator cars that can help you maximise your savings whilst still receiving a high-quality new car.
What our customers say about their finance experience
Savvy is rated 4.9 for customer satisfaction by 4005 customers.
Frequently asked questions about car finance for Ford
We can still help you receive financing for cars over the age of 20 through an unsecured car loan.
Otherwise known as an unsecured personal loan, these allow you to borrow between $2,000 and $50,000 over one to seven years at a higher interest rate. However, crucially, there’s no requirement to attach an asset as collateral, meaning you can essentially spend it on whatever you like.
No – at Savvy, we’re partnered with lenders who can approve your loan for a used car from a private sale.
While these loans can sometimes take longer to process, private sellers often leave more room for you to negotiate on price than dealers, potentially saving you important funds in the process.
Perhaps the most relevant way to compare models is by assessing their fuel efficiency and total cost to run on a yearly basis. Each type of car will be different in this respect, so it’s always crucial to budget for on-road costs when buying your car.
The Ford Puma and Ford Escape are amongst the cheapest to run in terms of petrol costs annually, coming in at around $1,000 each year, while higher performance models like the Mustang can cost up to $3,000 to $4,000 in the same period due to its 2.3L 4-cylinder or 5.0L V8 engine.
Car finance is available to borrowers living in Australia who hold citizenship, permanent residency or a valid visa. You must be 18 years or older to apply and be earning a total of at least $26,000 to support your car loan repayments.
You can get your application started by completing our online car finance quote, which we then use to match you to lenders.
After you’ve chosen from your selection of Ford car loan offers, your consultant will help you ensure your application is suitable for the lender and send it off for formal approval.
From there, you can choose your car and have all the final documents signed off on to settle the loan and take ownership of your car, all in just 48 hours.
Yes – we have connections with very flexible lenders when it comes to working with customers with more complicated credit histories, such as past defaults on their file. Speak to one of our friendly consultants today about your bad credit options when it comes to buying a Ford.