Ford Finance Consumer Fixed Rate Loan with a Guaranteed Future Value (GFV) Option
Secured
Our competitive fixed rate vehicle loans cover all (or part) of a car’s purchase price. Pick your term. Put down a deposit if you choose to. And pay it back weekly, fortnightly, or monthly. It’s your call.
- Comparison rate, from
- Not published
- Establishment fee
- $499
- Monthly fee
- $15
- Borrow
- From $5,000
Interest rate a year, from
Not published
Loan details
Rates
- Interest rate (a year)
- Not published
- Comparison rate (a year)
- Not published
- Rate type
- Not published
- Security
- Secured
Limits and fees
- Loan amount
- From $5,000
- Loan term
- Not published
- Establishment fee
- $499
- Monthly fee
- $15
How it compares
Against the other secured car loans we compare. Typical means the middle half of them.
Setup fee
$499
A typical setup fee is $258.
Monthly fee
$15
A typical monthly fee is $8.
Pros and cons
Pros
Nothing stands out.
Cons
- A $15 monthly fee. That adds $900 over 5 years, as well as the interest.
- Secured against an asset. That usually keeps the rate down, but the lender can take the asset if you can't repay.
- 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.