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Thinking about buying a Ford? In Australia, you can purchase one using several Ford finance options, including a secured car loan, unsecured personal loan, Ford dealership finance, a novated lease or a chattel mortgage.
Compare all the available Ford finance options here.
These are the six key Ford financing options:
Ford running costs fluctuate depending on several factors. Things like the size of the engine, the transmission installed and even the trim can influence fuel economy and servicing prices.
Traditionally, the Fiesta would have been the most economical Ford to own. However, this model is only sold as an "ST" performance variant now. It seems like the most economical Ford currently available, according to the Green Vehicle Guide, is the Ford Escape Trend. For this particular Ford model, the Government fuel-use website estimates you'd spend $973 annually on fuel. That's driving 14,000km, 66% of which is on urban roads. Servicing for this model, according to Ford, costs (over the first five years): $299 (15,000kms), $299 (30,000kms), $299 (45,000kms), $299 (60,000kms) and $305 (75,000kms).
The most expensive model to run is likely going to be the Ford Mustang Mach 1, which has an estimated yearly fuel cost (based on the above driving conditions) of $3,433. That's thanks to its massive 5.0-litre V8, which uses 13.9L/100km combined, or 20.6L/100km in urban settings. The Mustang Mach 1 has five-year servicing costs of: $400 (15,000kms), $455 (30,000kms), $555 (45,000kms), $455 (60,000kms) and $400 (75,000kms).
You should know that the above fuel economy costs are estimates, based on the factory brochure figures. On real-world roads, you'll likely experience different rates of fuel burn, so your results will vary.
If you want to calculate how much financing a Ford will cost, use our car loan repayment calculator.
These six factors are what you should pay attention to when comparing different options for financing your Ford:
Ford's founder, the eponymous Henry Ford, founded the company in 1903. Ford worked out of a former wagon manufacturing garage. The first Ford car to launch, the Model A, extracted just 6.0kW, from a 2-cylinder engine and a 2-speed transmission. Manufacturing for many of the components was outsourced until later in Ford's history.
The Model T is one of Ford's most famous cars, and it's commonly viewed as the world's first truly attainable vehicle. The car has been ranked in the top 10 best-selling models of all time, with some 16.5 million sold. Ford is also credited as pioneering the concept of mass manufacturing.
Ford expanded at a pace into one of the largest car brands in the world. One source places Ford as the fourth largest car manufacturer, behind Volkswagen, Toyota and Daimler.
Almost unbelievably, until 2009, Ford was a family-owned business, having passed through the hands of four generations. Through the years, the company has competed in Formula One, the World Rally Championships, NASCAR and Le Mans, with the sleek GT40.
Ford Australia, officially known as the Ford Motor Company of Australia Limited, is a subsidiary of the US carmaker. Ford first assembled Model T's in Australia in 1925, shipping them as giant kits. They worked out of an abandoned wool storage shed in Geelong, Victoria. Through the years, Ford Australia would sell US and UK market models, adapting them to suit Aussie roads.
Later, the company progressed to creating its own designs, like the Falcon (initially based on a North America Ford model, but later engineered domestically). The Falcon would spark a fierce rivalry with Holden and its Commodore, with the two cars going toe-to-toe in V8 Supercars.
Ford's financial services department is called MyFord Finance. Previously, Ford operated Ford Credit Australia, but this wing closed in February 2009.
In Australia, Ford markets eight models in several variations and body styles. They are:
Ford Australia models |
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Ford Puma. A recently released small crossover SUV, which rivals the Toyota C-HR and Nissan Juke. Driveaway prices start from $33,803 for a 1.0-litre petrol FWD model. |
Ford Escape. A small SUV with a plug-in hybrid engine option. The Escape rivals models like the Toyota RAV4. Under the body is the same Ford C2 platform used on the Focus. Driveaway prices start from $40,147. |
Ford Everest. Ford's large SUV, the Everest is a traditional 4x4 in that the body is secured to a ladder chassis. The Everest shares the Ford Ranger foundations and is developed by Ford Australia. Prices start at $54,811 driveaway. |
Ford Focus. Ford's hatchback, which first launched in 1998, is currently in its fourth-generation. The Focus is German-made and sells in Australia as an ST-Line hatch or Active model. The Active is an adventure-oriented model. Prices for both variants start at $34,832. |
Ford Australia commercial models |
Ford Ranger. The award-winning and popular Ford Ranger was designed by Ford Australia engineers. The Ranger sells well and has a variety of body styles and engines on offer. Prices start from $33,779, rising to $71,992 for the Wildtrak model. |
Ford Transit Custom. The Transit Custom van comes as a single cab or double cab. There's a Sport variant of both body styles too. Ford also produces long (LWB) and short wheelbase (SWB) versions of the Transit Custom, as well high and low roof lines. Prices start from $48,302 for a SWB, low roof custom. |
Ford Transit van (or bus). If you need a larger van, the Ford Transit is sold as being built for business. The van is produced with a standard or high roof, depending on your requirements. Ford builds a rear twin-wheel model for higher payloads. There's also a minibus version and a cab chassis model. For the standard transit van with a "mid-roof", prices start from $57,057. For the 12-seater bus, expect to pay upwards of $63,690 for the mid-roof, or $66,190 for the high roof model. For the Transit single cab chassis, Ford sets the driveaway price from $57,881. For the double cab, driveaway prices start at $61,692. |
Ford Australia performance models |
Ford Fiesta ST. The Ford Fiesta ST is a small hot hatch, which the company says has track-day levels of performance. With its turbocharged three-cylinder petrol engine pumping out 147kW and 290Nm, the Fiesta should make for a spirited drive. Driveaway prices start from $36,172. |
Ford Focus ST. Ford's answer to the Volkswagen Golf GTI, the ST Focus has 206kW and 420Nm. The ST has a race-track only mode and can sprint from 0-100km/h in 5.7 seconds. Driveway prices start from $49,352. |
Ford Mustang. The original muscle car, Ford's Mustang sells in Australia with a range of different engines and performance levels. There's also the choice of a hard-top fastback or a convertible Mustang. The base model 2.3-litre fastback sells for $56,491, while the GT model (as a hard-top) costs $69,826. In addition, Ford also builds limited edition models like the Mach 1 and the R-Spec Mustang. |
Ford Ranger Raptor. The Raptor is a performance ute based on the Ranger. During testing, it was thrashed within an inch of its life in remote places like Alice Springs. Cold weather testing got so rough that humans couldn't be at the wheel! |
Here are the pros for buying a new Ford:
The main con is depreciation, which starts as soon as you leave the dealership forecourt and can quickly rack up.
Here are the pros for buying a used Ford car:
The downsides of buying a used vehicle are:
Because the lender has a registered security interest in the car, they can repossess it to recoup their losses.
It depends on the Ford finance option you've chosen. If it's a secure car loan, an unsecured personal loan, a chattel mortgage or purchased with dealership finance, you own the car. If you go for a novated lease, you don't own the car, so you can't make modifications to it freely.
Not entirely convinced if you want a Ford? Or have another make in mind too? Check our comparison car reviews and use our Finder Score to help you make a decision.
If the coronavirus pandemic has affected your ability to pay for your Ford finance, be sure to read our Coronavirus: What to do if you can't afford your car repayments guide.
Picture: Supplied
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