FAQs

Where accessories for a Ford Ranger are included on the dealer invoice with the vehicle, they can usually be included in the funding package.

When buyers need to register on a wait list for a new vehicle, they may apply for pre-approved funding. Applications can be processed through to the approved stage prior to a vehicle being purchased. This provides buyers with an indication of the credit limit they are approved for, interest rate and monthly payments. The approved offer is valid for a certain timeframe. If delivery is outside that timeframe, the buyer would need to re-apply or renew the application for an updated offer.

Online calculators are formatted to provide estimates based purely on the data entered by the user. They do not allow for individual variations in credit scores which can affect the interest rate offered. They do not include lender fees and charges. Repayments estimated with the use of an online device can be different from any offer received.

Lenders assess the credit score and history, creditworthiness and ability to meet repayments when making interest rate offers. The price of the vehicle being purchased may affect the funding as it may determine the credit amount requested. Interest rates for funding PHEV and petrol models would be the same for that individual applicant unless the lender offers special rates for EV funding.

Deciding which credit facility is best for an individual enterprise depends on the suitability of the facility to the accounting method, tax and balance sheet approach and objectives of the business. Chattel Mortgage and Leasing both offer affordable options with tax deductions.

New tradies that have been operating for less than 12 months and do not have all the documentation required for commercial credit applications may consider Low Docs and No Docs options. These specialist commercial credit facilities are available through brokers and specialist lenders.

Ford transit van purchases may be funded with the operator’s choice of Leasing, Chattel Mortgage or Commercial Hire Purchase. New operators may require approval for No Docs commercial vehicle funding. This can be sourced through specialist lenders and brokers.

Ford Puma buyers can use an online vehicle funding calculator to work out estimates of repayments for a secured personal car loan. The results obtained are estimates only. For an exact figure, buyers should request a quote from a broker or lender.

Leasing rates on Ford vehicles may vary across the lending market. Lenders assess each application individually for creditworthiness when deciding on the specific rate to offer.

All commercial credit facilities provide tax deductions. Leasing repayments are fully tax deductible. Commercial Hire Purchase and Chattel Mortgage deliver a deduction through depreciation of the Ford in line with ATO schedules.