Finty
Ford Finance

Ford Finance Transit City 0.99% Commercial

Term loan

Ford Finance offer for Ford vehicles

Written byDavid Boyd
Interest rate a year, from
0.99%
Establishment fee
$6
Monthly fee
$20
Borrow
From $5,000

Monthly repayment

$100,000 over 3 years

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What it would cost

At the lowest published rate of 0.99%, including the monthly fee. The rate you are offered depends on your business, and the establishment fee is not included.

Monthly repayment
$2,840
Total repayments
$102,254
Interest and monthly fees
$2,254

Loan details

Rates

Interest rate (a year)
0.99%
Rate type
Fixed
Security
Not published
Type of finance
Term loan

Limits and fees

Loan amount
From $5,000
Loan term
Up to 3 years
Establishment fee
$6
Monthly fee
$20

How it compares

Against the other business loans we compare. Typical means the middle half of them.

Setup fee

$6

A typical setup fee is $26.

Monthly fee

$20

A typical monthly fee is $25.

Longest term

3 years

3 years is the usual longest term.

Pros and cons

Pros

  • One rate for everyone. Everyone approved gets 0.99%, so the rate you see is the rate you get.
  • A fixed rate. Your repayments stay the same for the whole loan, which makes it easier to budget.

Cons

  • A $20 monthly fee. That adds $1,200 over 5 years, as well as the interest.
  • An early repayment fee. Paying the loan off early or refinancing can cost a fee, which cuts into what you save by repaying sooner.
  • A $20 late payment fee. Setting up automatic repayments avoids it.

Similar loans

Business loans of the same kind from other lenders that start at a similar interest rate.