myFord Finance at Heartland Ford

Financial Solutions to Meet Your Individual Needs

At Heartland Ford we believe that financing your new or used vehicle should be a simple, stress-free exercise.

That's why our team of finance professionals are trained in all aspects of vehicle financing and can put the right package together to get you driving the car you want at the repayment you want to make.

The cost of finance is a major part of any vehicle purchase, as a result selecting the most suitable finance alternative for your individual needs is essential.

Your financial situation, personal preferences, business and tax position can all have a impact on selecting the most suitable finance from the many types available to you at Heartland.

So if it's a car for personal or business use, Heartland's finance team are focused on showing you how easy it can be.

Find out more about the options available from Heartland Ford below for both individuals and business.

Personal Finance Options

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

Personal Finance 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

Business Financial Options

For business customers MyFord FINANCE has developed a range of finance and lease products to lower the cost of funding by potentially providing tax efficiencies, and are responsive and adaptable.

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. The employer
pays the full monthly rental including GST to myFord FINANCE and may be able to claim the GST as an ITC.