Finance your new or pre-used Ford
Working for you!
Team Ford’s Finance team's goals are to:
- Understand your vehicle buying needs and get you what you need. We wirj with more than a dozen lenders to get flexible financing or leasing solutions.
- Quickly get you into your next vehicle, no matter if you have a low credit score or no credit.
Get pre-approved online
Begin pre-approval right now at home with our online calculator! No need to come to our showroom!
Pick your payment
Your credit rating impacts your loan's interest rate, so check your score without impacting it. We have financing solutions for all credit situations.
Ford financing
& leasing options
Team Ford financing and leasing
We work with Canada's big banks and lenders to give you plenty of options for financing and leasing. If you have a poor credit rating or are a first-time buyer, our parent company Go Auto has its own finance company, Yes Plan, to get you approved without relying on the banks. We will give you a financial solution that meets your needs and be back on the road fast.
Buying a Ford
We will explore our plans and Ford's Standard Purchase plans and see which is best for your circumstances. You'll get to build equity into your new or used vehicle. Use our calculator to work out your payments.
Ford leasing
Team Ford offers quite a few leasing options, including Ford's Red Carpet leasing. They all have a selection of kilometer options and lease-end choices. Enjoy all the benefits exclusive to leasing!
Lease-end options
When your vehicle lease ends, there are a few options, depending who you leased from. Team Ford and Ford Credit will help make the transition easy and convenient for you. Your Lease-End Agreement will contain all the details. Usually, you can:
- Buy your lease vehicle
- Return the lease vehicle to Team Ford
- Buy or lease a new Ford
Please review your lease vehicle for excess wear and tear. If you leased directly from Ford, refer to the wear and tear guidelines mailed to you prior to lease-end or download Ford's wear and tear checklist, at the link below.
How does leasing impact my insurance?
Sometimes customers ask: “Will my insurance cost more if I lease a car?” The answer is no. Insurance costs are the same if you lease or finance.
How do insurance companies determine auto premiums?
Insurance premiums are determined by your driving history, your postal code, what you drive, and how you drive. The cost of your car insurance isn't based on whether you finance or lease.
Who has an interest in the vehicle?
Someone has a financial interest when you lease or buy - usually a bank or a dealership. Ask your insurance company if the name of the leasing company or the financier needs to be on your insurance policy. This is so that a lender’s investment is protected.
What happens if my vehicle is involved in an accident?
The finance or leasing company will be paid first if there is an accident or your vehicle is written off. After they are paid, you will receive money if your car is worth more than what you owe. If you owe on your loan and it's than the vehicle is worth, gap insurance will cover those costs. Your insurance company can provide you with all details.
Any additional information?
Your insurance agent will be able to detail what your policy covers. If you change vehicles or decide to lease instead of financing, be sure to contact your insurance company soon.
Ford Commercial Options
Ford offers some fantastic Get flexible automotive financing and leasing packages!
Commercial Purchase
- Get financing with flexible terms
- There are no hidden fees
- Combined billing is available
Red Carpet Leasing
- Lease payments are sometimes lower than finance payments
- Leasing means your cash can be invested in your business
- Short-term leasing means you get newer vehicles often
- Includes GAP insurance.
Commercial Lease
- Flexible open-ended lease program
- New/used vans, trucks, and cars available
- Upfit vehicles
- Leasing for high kilometrage and heavy-use vehicles.
Commercial Line of Credit
- Apply for a credit line beginning at $250,000 - you free up capital
- No setup or non-utilization charges
- Available for Retail, Red Carpet Lease, and Commercial Lease financing.
Combined billing
- For retail, Red Carpet Lease, and Commercial Lease Customers
- Simplify payments and consolidate monthly statements
- Combined billing is free if you have two or more accounts.
Contact a Ford Credit Business Development Manager
- In Alberta contact Western Market Area Manager Mark Pederson, email: mpederso@ford.com, or call (587) 335-1570.
- Or contact Team Ford for more information.
Get the new Go Auto App
Download the Go Auto App to start earning Go Card rewards today!
FAQ from Team Ford
What should I bring to my finance appointment?
When you are ready to buy, please bring a valid government-issued driver's license and a void cheque or your current pay stub. Depending on the details of your loan or lease, you may be required to bring additional information. For a complete list of what you'll need to buy or trade in a vehicle with Team Ford, call us ahead of time and speak with a sales consultant.
Will I be approved?
Generally, four things influence whether you get approved for a car loan. They are the new or pre-used vehicle's cost, age, and mileage, your employment history, residence, and income, and your credit history, which is the information in your credit file. The last thing is a down payment, which can be the total of cash and trade equity. Also, try to provide as large of a down payment as you can.
How are my car payments calculated?
Three things affect your monthly payment. The first is the amount financed, the term or length of the loan contract, and the annual percentage rate (APR) we offer. At Team Ford we offer great rates from Canada's largest lenders to fit nearly every budget and credit profile.
How do I budget for my car payments?
Most financial institutions say a buyer shouldn't spend more than 15% of their gross monthly income on their car payment. For example, if you make $2,000 a month you should spend no more than $300 on your car payment.
What is my credit score?
Your credit score is a number that assists financial institutions to determine the risk associated with your purchase of a car, house, use of a credit card, or any other financial product. A credit score ranges from about 350 to 850 and is used to forecast if you will pay your bills on time. In general, the higher your credit score, the more likely you are to get approved for a car loan. The systems that generate your credit score look at your credit report and take several factors into account when determining your credit score, including, for instance, your payment history, and the number of inquiries made on your credit report.
How is my credit score calculated?
Your credit score is a number that ranges from about 350 to 850. Usually, the higher the number, the more likely you are to get approved for a car loan. The systems that generate your credit score look at your credit report and take several factors into account, such as the timeliness of your payments, including late payments, and any debt you have. Other factors are the number and age of your credit accounts inquiries created by applying for credit, and public records such as liens and judgments.
Should I finance or lease?
This depends on your circumstances, budget, and future plans. If you plan on moving away or traveling in the next few years, leasing could be a good idea. Leasing is also good for people who prefer having a car under warranty and want the latest features. If you want to own a car for the long term and build equity, then buying is a better option. Our Finance team can go through all the pros and cons and help you with this decision.
Can I qualify for financing on my first vehicle?
Of course. Many Team Ford customers qualify for financing on their first vehicle purchase. If a normal credit determination cannot be made based on your current credit history, you may still qualify for other programs, like those for recent college graduates. Stipulations for college students vary by finance company. Check with a finance professional at any of our go auto dealerships for more information.
Does Ford have their own financing?
Yes, Ford Canada has many flexible financing and leasing options for customers. At Team Ford, we work with Canada's best lenders for financing and leasing. We also have financing options from our parent company, Go Auto. Contact us today to discuss.
Who is a well-qualified buyer for Ford?
Anyone is qualified to buy from Ford. Even if you have a low credit score or have declared bankruptcy, we can find solutions for you. First-time buyers, newcomers to Canada, and students may also qualify for Ford financing at Team Ford.
How long does it take to get approved for Ford Credit?
Car loan or leasing approval can be as fast as a few minutes or a few days. Bring the correct documents with you for a smooth approval process.
How late can I be on my Ford payment?
It's best not to be late on your monthly or bi-weekly payment. Being late means you could risk financial penalties as well as your credit score. If you think your payment will be late, contact us or your lender immediately.
Is it hard to get financed through Ford Credit?
It's easy and simple to get financing or a lease through Ford Credit. Even if you have a low credit score, options are available. Call us at 780 624 3450 to discuss your requirements and financing options.
