Compare Ford car loans and financing options

Often heralded as the first car company in the world, Ford was founded in 1903 and made the first car available to the masses in 1908, the Model T manufactured by Henry Ford’s Ford Motor Company.

Since its inception and founding, Ford has gone on to become the second biggest car company in America and the fifth in the world. While many car companies and competitors have offices in Australia, Ford was one of a handful that operates a research & development office in Australia, which was opened in Richmond, Victoria, in 2016.

Ford’s development goes beyond that of production cars for the developed world, working on economical and electric technologies, building buses, tractors, and vehicles for motor-racing, covering international events such as IndyCar, Formula One, Formula Ford, rally racing, stock car racing, sports car racing like (and including) that of Le Mans, touring car championships, drag racing, drifting, and more locally, Australia’s V8 Supercars Championship.

Ford offers a variety of vehicles in Australia, ranging from small to large, covering 4WD and SUV, as well as utility, an area that Ford has become known for thanks to its trucks.

Ford is one of Australia’s largest car companies, with vehicles built for a range of body types.

As such, Ford sells sedans, coupes, hatchbacks, and utility vehicles (utes), but also makes many SUVs made to take on more terrain than just the roads of the city. Pricing in Australia ranges from the $20K range up until close to $100K, depending on what you’re looking for in a vehicle.

There are over 200 Ford dealerships around the country, many of which are independently owned, offering both new and used Ford models.

New cars purchased from May 1, 2018 onward receive Ford’s new warranty, covering a Ford vehicle purchase for five years with an unlimited amount of kilometres driven. Cars purchased before May 2018 are bound by the older warranty, covered by three years or 100,000 kilometres, whichever comes first.

While Ford focuses on consumers and performance vehicles, it also builds fleet vehicles for businesses.

With cars at a range of price points, popular Ford models include:

• Ford Focus (from $29,628): Available in six different models including both hatchback and wagon options, the Focus is Ford's smallest car.
• Ford Puma (from $33,748): With a choice of three models, this sporty compact SUV is one of Ford's newest models with a focus on distinctive design, bold styling and innovative technologies.
• Ford Escape (from $39,928): The Ford Escape is a small SUV designed to take the effort out of everyday living. It's available in six models including both AWD and 4WD options.
• Ford Endura (from $49,238): A luxury midsize SUV, the Ford Endura is available in a selection of six models with AWD or 4WD capability.
• Ford Everest (from $54,593): One of Ford's largest SUVs, the Everest is available as a five or seven-seater. It's offered in a total of six models in 4WD or RWD options.
• Ford Ranger (from $32,718): Available in 22 different models including single and double cab varieties, the Ford Ranger is a commercial vehicle touted as the pick-up truck that will help you tackle any challenge head on.
• Ford Mustang (from $54,488): Built with a performance focus, the Mustang’s legacy dates back to the 60s and is built for speed and handling. It's available in a choice of four models including two convertible options.
• Ford Fiesta ST (from $35,808): A versatile performance vehicle, the Fiesta ST features a range of sports technologies and is powered by Ford's all-new 1.5-litre EcoBoost petrol engine.

Vehicle information and pricing last updated in February 2019

Like many car companies, Ford offers in-house finance to help new vehicle buyers organise car loans for a Ford purchase, provided under MyFord Finance.

Dealer finance may not be as cost-effective as other options, as it typically offers convenience in exchange for higher fees, higher interest rates, or both. When you’re signing the lease agreement for a new Ford, the convenience extends from your ability to command money at the dealer, making a Ford car loan that much easier.

When purchasing a new Ford, consider one of several options to find the most competitive finance rates for your new car:

• Use a car loan comparison website like RateCity
• Find a finance broker to act on your behalf
• Go directly to a bank and apply for financing

There are a number of different options on the market when it comes to Ford car finance, each of which meet specific requirements. Generally speaking, there are seven different ways to finance your Ford:

• Unsecured Car Loans: car finance where you don’t provide collateral.
• Secured Car Loans: car finance where you do provide collateral, usually the car you are purchasing.
• Car Finance Lease: similar to a commercial hire purchase, but with more options. You rent the vehicle for a set period and at the end of the lease, you either return the car or buy it.
• Novated Lease: like a car lease, but with a more complicated ownership structure, as you acquire the car from a second party (usually an employer) which in turn leases it from a third party (a finance company).
• Chattel Mortgage: a specialist car finance option specifically for business customers.
• Operating Lease: more like a long-term car rental arrangement, involving a company leasing a car for an extended period.
• Commercial Hire Purchase: closer to a rent-to-buy arrangement, generally involving a finance company buying a car on your behalf and letting you use it in return for regular rental payments. After a number of payments, you may own the car.

When you submit an application for a loan, lenders will typically assess your income, spending habits and credit score, in order to determine your borrowing power. Before you apply for a finance solution, it’s a good idea to work out the amount that fits comfortably into your personal budget. 

To make this easier, you might like to consider using RateCity’s Car Loan Calculator to get an estimate of what your Ford car finance monthly repayments might look like depending on your loan amount, preferred loan term and potential interest rate. 

Having a clear understanding of what car you want to buy can make this even more simple, as you can enter the cost of the car straight into the ‘I’d like to borrow’ field. The finance calculator can also give you an idea of how much total interest you might pay over the life of the loan.

For advice specific to your personal financial situation, consider talking to a financial advisor. You could also get in touch with the Ford finance team to enquire about finance packages, special offers and potential trade in options.