What interest rate does ford credit have? - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
The Pub For General Discussion

LinkBack Thread Tools Display Modes
post #1 of 9 (permalink) Old 02-06-03, 12:33 AM Thread Starter
Registered User
Join Date: Jul 2002
Posts: 16
What interest rate does ford credit have?

am doing some calculations and wanted to know what ford credits interest rate is, does it vary with each person??

whats the best way to finanace a car???
hsvls1255 is offline  
Sponsored Links
post #2 of 9 (permalink) Old 02-06-03, 02:03 AM
Registered User
Join Date: Aug 2002
Location: VIC
Posts: 911
I arranged finance outside of the dealership 6.95 % over 5 years with 40% residual. The dealer was quick to match it however I stuck with Creditline who have financed some of my work equipment (forklift for eg.) If you have a registerd business or registered for GST consider a Chatel mortgage, where you pay the GST component in advance and can claim it back in the next BAS. Hope this helps!
Curls is offline  
post #3 of 9 (permalink) Old 02-06-03, 05:04 AM
a little bit sideways
rsgerry's Avatar
Join Date: Dec 2001
Location: in a ditch
Posts: 1,258
best advice i could give is shop around and CAREFULLY read any contracts before signing. if you are unsure, seek legal advice on what something means. dont ask the fnance provider cos they shouldnt be interpretting contracts for you.

as for what is best for you, is it personal finance, business, are you looking to lease or ordinary loan etc?

You wash your car like it was your firstborn child, you tend to its needs like it was your own body, you protect it like it's your family, then you drive it like you stole it.

Weapons of rice destruction

2002 Ford Falcon AU3 XR6
1985 Ford Sierra XR4i
1980 Ford Escort RS2000
rsgerry is offline  
post #4 of 9 (permalink) Old 02-06-03, 05:12 AM
Registered User
Join Date: May 2002
Location: Melbourne, Australia
Age: 39
Posts: 25
I was just shoping around the other week (I just got a new AUIII) and the ANZ was offering 10.4% but then there is all their fees and stuff. Ford Credit was on 10.95% but no ongoing fees.

Just what I found.

NX1701 is offline  
post #5 of 9 (permalink) Old 02-06-03, 10:38 AM
Registered User
Kypez's Avatar
Join Date: Sep 2001
Location: Sydney, Australia
Posts: 518
was offered 9% by ford credit...

Quiet... They are sleeping
BA XR8 Manual, BluePrint, Momo Steering, Momo Shifter, Leather, Sunroof, Premium Sound, Premium Brakes, 20" X 8.5" HP Hekitk Wheels. Herrod Lowering Springs and Chip, Brad Garlic Reprogramme, NO REAR SPOILER.
Kawasaki ZX 10R, Lime Green. 0-100kms/hr 2.8 sec, 0-160kms/hr in under 5.5 sec. 0-400m 9.4 sec. First gear sees you to 185kms/hr. THE CHAMP IS HERE!
Kypez is offline  
post #6 of 9 (permalink) Old 02-06-03, 03:06 PM
Team Galaxy Try Hard
Nevermind's Avatar
Join Date: Aug 2002
Location: Newcastle, Australia
Age: 37
Posts: 550
Im getting 8.85%
Nevermind is offline  
post #7 of 9 (permalink) Old 02-06-03, 03:25 PM
laminge's Avatar
Join Date: Feb 2001
Posts: 10,402

those paying more than 6.90% are being ripped off!!!!!

laminge is offline  
post #8 of 9 (permalink) Old 02-06-03, 07:00 PM
Ford Member
Join Date: Aug 2001
Posts: 259
I did some looking around late last year and got bloody confused and took heaps of time.

Seems the rate is not the only thing to consider - you would not believe some of the fees banks charge!!!......... monthly fees... account keeping fees.... $30 fee for a statement....$45 fee for them to send you a letter for being late, $1 a minute fee to speak with a customer service person to help you!!!!.

Check out the fees and the rates and the hassel. This took ages and while the bank could approve in 2 days it would take another two business days to get the money so it could be a week until you get your car.. (I wanted a Barra yesterday -not another week)

Look at the big picture I say.

"Non-Engineer - Guinea Pig Type" - aka Wavy Gravy
Bluey is offline  
post #9 of 9 (permalink) Old 02-07-03, 03:08 AM
Two SC 61's = trouble
ebxr8240's Avatar
Join Date: Jul 2001
Location: Penrith,nswAus/Morrinville.NZ
Age: 63
Posts: 6,360
I see the STI Subaru charge 3.9% ..
You will possibly get lower interest rates if you have a house/bussness etc or add it onto that, but thats crazzy. Paying over a longer time...Check also that if you payout early there is no penalty for doing so..
Under %10 is'n too bad, if all your security is in the purchase of the car you want..It's a risk thing...Like insurance..

Don't be afraid to try something new. Remember, amateurs built the Ark...Professionals built the Titanic!
Tuned & maintained by "Peppertree Perfmormance". Dart block, Scat 4340 steel crank, Custom C.P pistons.Oliver rods.. Mal Wood twin plate clutch.. Twin SC61/2's,482 rwkw/ 645 rwhp..
Passengers, myocardial infarction material..
R.I.P Possum...
ebxr8240 is offline  
Sponsored Links

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > The Pub

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode

Similar Threads
Thread Thread Starter Forum Replies Last Post
U.S. Ford leadership depth critical to turnaround Stacy94PGT Ford Worldwide News 0 06-15-03 05:17 AM
FORD TOUGH: The pressure's on for Bill Ford Jr. to finish first Stacy94PGT Ford Worldwide News 0 06-10-03 05:52 AM
'Henry had the dream' Stacy94PGT Ford Worldwide News 0 03-28-03 06:58 AM
A CENTURY OF VISION: Fords built city, changed the world Stacy94PGT Ford Worldwide News 0 03-12-03 08:17 AM
Ford Product-Led Transformation: 2003 RPO83 Trans | Driveline 0 07-22-02 07:48 AM

Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

For the best viewing experience please update your browser to Google Chrome