myFord FINANCE1 makes choosing the right vehicle and finding the right financial package simple. Whether you’re a private purchaser or selecting a vehicle for business use, we have a wide range of flexible finance and lease products that can be tailored to meet your needs.
| |
Products |
Benefits |
| Personal Financial Options |
|
- Suitable for non-business customers
- Fixed interest rates and flexible loan terms including balloon repayments
- Fixed payments for budgeting purposes with the option to make additional payments, potentially lowering the interest payable and reducing the loan term
|
| Business Financial Options |
- Chattel mortgage
- Commercial hire purchase
- Finance lease
- Novated lease
|
- Retain capital for other business needs
- Flexible loan terms including balloon repayments
- Fixed payments for budgeting purposes
- Possible tax advantages
- Preserve banking facilities for other needs
|
Financial solutions to meet your individual needs
Contract completion
End of contract
At the end of your myFord FINANCE contract you have two options.
Refinance your vehicle
Option one
If applicable refinance the balloon payment for up to three more years.
Own your vehicle
Option two
Make the final payment and keep your vehicle.
The right car needs the right financial package to complement your lifestyle
| Product Features |
Consumer Loan |
Chattel Mortgage |
Commercial Hire Purchase |
Finance lease |
Novated lease |
| Private Use |
✔ |
- |
- |
- |
- |
| Vehicle Ownership At Contract End |
✔ |
✔ |
✔ |
Choices available1 |
Choices available1 |
| Business Use |
- |
✔ |
✔ |
✔ |
✔ |
| Term – Months |
12 to 84 |
12 to 60 |
12 to 60 |
12 to 60 |
12 to 60 |
| Deposit |
Optional |
Optional |
Optional |
- |
- |
| Fixed Repayments |
✔ |
✔ |
✔ |
✔ |
✔ |
| Fixed Interest Rates |
✔ |
✔ |
✔ |
Not applicable |
Not applicable |
| Balloon/Residual Payment |
✔ |
✔ |
✔ |
✔ |
✔ |
[1] Choices available at the end of lease: Offer to purchase the vehicle (subject to our agreement); or – return the vehicle and recompense us for any loss on sale (and be remitted any profit).
