Ford Consumer Loan

The Ford Consumer Loan is designed to allow you to keep it simple and choose your repayment period and make regular monthly instalments, with a fixed interest
rate. You can repay the Ford Consumer Loan in full by equal payments over your chosen loan period OR you can defer part of the cost of your Ford to the end of the Ford Consumer Loan with a larger final payment – this enables you to lower your regular monthly instalments.

You can also make additional payments throughout the lifetime of the loan that will lower the amount of interest you pay and shorten the term of the loan. In addition, you can choose to fully repay your Ford Consumer Loan early and own the vehicle sooner.

If you choose to have a larger final payment, then when it falls due you have three options:

• Buy a New Ford: trade in your existing vehicle and use its value to pay the final payment and enterinto a new Ford Consumer Loan.
• Keep your Ford: pay the final payment or refinance the final payment for up to 3 more years.
• Sell your Ford: Pay the final payment and sell your vehicle.

Ford Consumer Loan benefits:

• Suitable for non-business customers
• Choose from a range of deposits
• Choose your repayment period
• Add flexibility by tailoring your final instalment
• Regular fixed monthly instalments
• Fixed interest rate
• At the end of the Ford Consumer Loan, you have 3 options

Ford Personal Lease

Allows the advantages of leasing for private customers, and is suitable when you use the vehicle for personal use.  You can tailor your monthly payments by selecting the term (up to 5 years) and residual value, with payments in advance or arrears. This product has fixed monthly rental repayments and puts you in control of your financial budget.

Ford Personal Lease benefits:

• Suitable for non-business customers
• Choose a range of deposits
• Choose your repayment period
• Add flexibility by tailoring the residual value
• Regular fixed monthly rental instalments

Ford Commercial Plan

This product is a Commercial Hire Purchase which offers business users advantages that assist with cash-flow.  The business user can tailor Ford Commercial Plan by selecting the contract term (up to 5 years), include a deposit, and nominate a larger final instalment to lower the regular monthly instalments to suit your budget. If the vehicle is used for income generating purposes, the interest charges and depreciation on the vehicle may be tax deductible.

Ford Chattel Mortgage

This is a Ford Chattel Mortgage, which potentially offers certain business customers tax efficiency advantages that assist with cash-flow. If you are a customer that is registered for Goods and Services Tax (GST) you may be entitled to input tax credits (ITC) with respect to your acquisition of the vehicle.

The vehicle is owned by you and you can tailor your payments by selecting the term (up to 5 years) and incorporating a larger final payment.

Other flexible arrangements to match your cash flow can be arranged, such as seasonal payments and/or any GST refund being paid into the loan to reduce your regular monthly repayments and interest charges. Interest rates are fixed for the life of the loan. If the vehicle is used for income generating purposes, the interest charges and depreciation on the vehicle may be tax deductible.

Finance Lease

This finance lease product allows the business customer to utilise a vehicle without tying up capital. The lease can be tailored with rentals in advance or arrears, flexible terms up to 5 years and a residual value that is set to reflect the vehicle’s usage and Australian Taxation Office (ATO) guidelines. GST is included in each rental and the residual value. If your business is registered for GST, you may be able to claim an ITC for this GST.

Where the vehicle is used solely for business purposes, a tax deduction for the full rental may be available.

Ford Novated Lease

This product enables employees to salary-package their vehicles. The employee selects their Ford and, in conjunction with their employer, signs a novated lease agreement for an agreed term (up to 5 years) with monthly rentals and a final residual payment which is based on the minimum according to ATO guidelines. The monthly lease rentals, net of GST, may be taken from the employee’s pay reducing taxable income.