Ford Finance
The best way to get a Ford for you is to get in touch with Ford Credit Australia Limited. This company was incorporated in November, 1971 and is a wholly owned subsidiary of Ford Motor Credit (US). Their main aim is to provide quality financial products and services for new and used vehicles to its customers. Their products are Consumer Loan, Chattel Mortgage, Hire Purchase, and Finance Leasing. Their offices are located all over Australia in Melbourne, Brisbane, Adelaide, Sydney, and Perth.
Ford Credit at a glance
-Founded in 1959
-subsidiary of Ford Motor Company
-world's largest automotive finance organization
-Finances automobiles from Ford, Lincoln, Mercury, Jaguar, Mazda, Volvo and Aston Martin
-Network of offices throughout North America, Europe, Latin America and Asia-Pacific
-12,500 automotive dealers
-Financed the sale or lease of more than 4 million new and used vehicles in 1999
-Five J.D. Power No. 1 awards for dealer and customer satisfaction
-20,000 employees worldwide at 313 locations in 36 countries
-More than 11 million customers
-Receivables base of more than $140 billion
-Has financed more than 50 million vehicles since company's founding in 1959
Financial Options
There are different options for an individual and a business. Depending on that you can choose your finance option. They even provide you with a finance calculator so that you are able to make a choice between the most beneficial options to suit your budget.
Consumer Loans
They are basically for individuals. This product is very flexible and convenient for new as well as used cars. The vehicle itself is used as a security against the loan but you have ownership of your vehicle right from the beginning. As soon as the final payment is made you get clear title to the vehicle. The terms range from twelve to sixty months. The interest rates and your repayments are fixed for the term of the loan. You have an option of paying your loan through Direct Debit or BPay and can be as often as you choose it to be. You can either pay weekly, forthnightly or monthly. You also have an option of making a larger final payment that is known as a 'balloon payment'.
Corporate Hire Purchase
With this option your payments can be tailor-made as per the cashflow of your business. In this option you can actually buy your vehicle anytime during the loan period. Typically, this option is for businesses and can be approved in the name of an individual or a company. The term period of this option ranges from twelve to sixty months. The interest and your rentals are fixed during the period of your loan. You have an option of paying your rentals through Direct Debit or BPay. The additional costs like comprehensive insurance, registration and on-road costs can also be incorporated in the loan. In this option also you have an option of a larger final payment.
Chattel Mortgage
This is a fairly new and smarter option that Ford Australia has come up with for financing your vehicle. This product is tailor-made to suit your business. The payments are structured to suit your individual needs considering your budget and cashflow. There rate of interest and payments are fixed that protects you against market fluctuations. The ownership of the vehicle is yours right from the start of the agreement. In this option also the additional costs are covered in the loan itself so that you can save your cash for other purposes. The balloon payment option improves your cashflow, reduces your regular monthly payments and makes your vehicle more feasible.
Finance Lease
This option is more suitable for a business. Finance Lease is basically a rental agreement between you and your financial company where your budget is considered and your rentals are set according to that. The residual value is as per Australian tax life and depreciation guidelines. The features and benefits are very similar to the other financial options mentioned above.
For more information and details you can contact Ford Credit on (03) 9868 8400 in Victoria, (02) 8879 1300 in New South Wales, (07) 3332 1200 in Queensland, (08) 8372 5700 in South Australia and (08) 9482 2222 in Western Australia.
-Founded in 1959
-subsidiary of Ford Motor Company
-world's largest automotive finance organization
-Finances automobiles from Ford, Lincoln, Mercury, Jaguar, Mazda, Volvo and Aston Martin
-Network of offices throughout North America, Europe, Latin America and Asia-Pacific
-12,500 automotive dealers
-Financed the sale or lease of more than 4 million new and used vehicles in 1999
-Five J.D. Power No. 1 awards for dealer and customer satisfaction
-20,000 employees worldwide at 313 locations in 36 countries
-More than 11 million customers
-Receivables base of more than $140 billion
-Has financed more than 50 million vehicles since company's founding in 1959
Financial Options
There are different options for an individual and a business. Depending on that you can choose your finance option. They even provide you with a finance calculator so that you are able to make a choice between the most beneficial options to suit your budget.
Consumer Loans
Corporate Hire Purchase
With this option your payments can be tailor-made as per the cashflow of your business. In this option you can actually buy your vehicle anytime during the loan period. Typically, this option is for businesses and can be approved in the name of an individual or a company. The term period of this option ranges from twelve to sixty months. The interest and your rentals are fixed during the period of your loan. You have an option of paying your rentals through Direct Debit or BPay. The additional costs like comprehensive insurance, registration and on-road costs can also be incorporated in the loan. In this option also you have an option of a larger final payment.
Chattel Mortgage
This is a fairly new and smarter option that Ford Australia has come up with for financing your vehicle. This product is tailor-made to suit your business. The payments are structured to suit your individual needs considering your budget and cashflow. There rate of interest and payments are fixed that protects you against market fluctuations. The ownership of the vehicle is yours right from the start of the agreement. In this option also the additional costs are covered in the loan itself so that you can save your cash for other purposes. The balloon payment option improves your cashflow, reduces your regular monthly payments and makes your vehicle more feasible.
Finance Lease
This option is more suitable for a business. Finance Lease is basically a rental agreement between you and your financial company where your budget is considered and your rentals are set according to that. The residual value is as per Australian tax life and depreciation guidelines. The features and benefits are very similar to the other financial options mentioned above.
For more information and details you can contact Ford Credit on (03) 9868 8400 in Victoria, (02) 8879 1300 in New South Wales, (07) 3332 1200 in Queensland, (08) 8372 5700 in South Australia and (08) 9482 2222 in Western Australia.