Ford Ranger Raptor Finance

The Ford Ranger Raptor Finance  has taken the automotive world by storm, offering a unique blend of rugged performance and everyday practicality. For many enthusiasts, the question of how to finance this impressive vehicle is at the forefront of their minds. Ford Ranger Raptor finance options have become a hot topic, with potential buyers eager to explore ways to make their dream of owning this high-performance pickup a reality. Source 

Understanding the various Ford Ranger Raptor Finance  options available for the Ford Ranger Raptor is crucial to making an informed decision. From ford ranger leases to traditional ford finance plans, there are numerous paths to consider. This article delves into the ford ranger raptor price, both for new and used models, and examines the deals currently on offer. It also sheds light on the role of credit brokers, consumer credit, and the financial conduct authority in the financing process, providing readers with a comprehensive guide to navigate their Ford Ranger Raptor purchase with confidence. See all Ford Ranger Raptor For Sale

Ford Ranger Raptor Financing Options

When it comes to financing the Ford Ranger Raptor, potential buyers have several options to consider. Each financing method offers unique advantages, allowing customers to choose the one that best suits their financial situation and preferences. See all Ford Ranger Raptor Deals

Ford Options (PCP) Ford Ranger Raptor Finance

Ford Options, also known as Personal Contract Purchase (PCP), is a popular choice for those looking to finance their Ford Ranger Raptor. This plan provides flexibility and lower monthly payments compared to traditional auto loans. Under Ford Options, customers make an initial deposit, followed by fixed monthly payments over a set period, typically 24 to 48 months. See all Ford Ranger Finance Deals

One of the key features of Ford Options is the Optional Final Payment, which is based on the anticipated future value of the vehicle. This amount is deducted from the total price, resulting in lower monthly payments throughout the agreement. At the end of the term, customers have three choices: they can renew by choosing another Ford vehicle, return the Ranger Raptor, or retain it by paying the Optional Final Payment. See all Ford Ranger For Sale

Currently, Ford is offering an exclusive deal on the Ranger Raptor. Customers can drive away in a new model from £409.07 a month, with a customer deposit of £18,696 and a 4.9% APR. This offer is available for vehicles contracted between October 1 and December 31, 2024, and registered by June 30, 2025.

Ford Van Contract Hire Ford Ranger Raptor Finance

For business users, Ford Contract Hire presents an attractive leasing option. This plan allows companies to use a Ford Ranger Raptor without the responsibilities of ownership. Customers pay an advance rental, followed by fixed monthly payments over the agreed term, which typically ranges from 24 to 48 months.

One of the benefits of Ford Contract Hire is that road tax is included for the duration of the agreement. At the end of the term, the vehicle is simply returned to Ford, eliminating any concerns about depreciation or resale value.

Ford is currently offering a special promotion for business users. The All-New Ranger Raptor Double Cab 2.0L EcoBlue 210PS is available from £585 per month over a 4-year term. This deal includes an advance payment of 9 monthly rentals and an annual mileage limit of 5,000 miles.

Ford Van Lease Ford Ranger Raptor Finance

Ford Van Lease is another option for those who prefer not to own the vehicle outright. This plan is similar to Contract Hire but is available to both private individuals and businesses. Ford Lease offers fixed monthly payments, making budgeting easier, and includes the option to add maintenance packages for an additional cost.

Like Contract Hire, Ford Lease agreements typically run for 24 to 48 months. At the end of the term, the customer returns the vehicle to Ford. This option is ideal for those who enjoy driving the latest models and don’t want to worry about the vehicle’s resale value.

 

Traditional Auto Loans Ford Ranger Raptor Finance

Ford Ranger Raptor Finance. or those who prefer a more conventional approach, traditional auto loans are available for financing the Ford Ranger Raptor. These loans, often referred to as Hire Purchase agreements, allow customers to spread the cost of the vehicle over a set period, usually 24 to 60 months.

With a traditional auto loan, customers become the owner of the vehicle once all payments have been made. This option may be suitable for those who plan to keep their Ranger Raptor for an extended period or who prefer to build equity in their vehicle with each payment.

Ford currently offers competitive rates on these loans, with APRs starting from 3.9% for 24-36 month terms and 4.9% for 48-month terms. These rates are available with no minimum deposit, making it easier for customers to get behind the wheel of their dream Ranger Raptor.

Regardless of the chosen financing option, it’s crucial for customers to carefully consider their budget and long-term plans before committing to a finance agreement. Ford Credit, as a member of the Finance and Leasing Association, adheres to a strict lending code, ensuring fair treatment of customers throughout the financing process.

Understanding the Costs Ford Ranger Raptor Finance

When considering ford ranger raptor finance options, it’s crucial to have a clear understanding of the associated costs. This knowledge allows potential buyers to make informed decisions and plan their budgets accordingly.

MSRP and On-the-Road Price

The Ford Ranger Raptor has a starting price of £43,877.44 for the top-level trim. However, this is just the beginning. The on-the-road price includes additional costs such as a delivery fee of £1,253.08, road fund license, and registration fees. When factoring in these extras and an 8% sales tax, the total price can reach approximately £48,080.56.

It’s important to note that the Ranger Raptor doesn’t meet the criteria to be classed as a light commercial vehicle due to its weight and payload. This means buyers cannot claim VAT back from the purchase price, making it more expensive than other pickups in its class.

Deposit and Monthly Payments Ford Ranger Raptor Finance

The deposit amount varies depending on the chosen finance plan. For example, under Ford Options (Personal Contract Purchase), customers can drive away in a new Ranger Raptor from £409.07 a month with a customer deposit of £18,696. This offer is available for vehicles contracted between October 1 and December 31, 2024, and registered by June 30, 2025.

For those opting for a traditional auto loan, assuming a 10% down payment on the total price, the initial deposit would be around £4,808.06. Monthly payments would then be calculated based on the remaining balance, plus interest and fees, spread over the agreed term.

Interest Rates and APR

The interest rates and Annual Percentage Rate (APR) can significantly impact the overall cost of financing a Ford Ranger Raptor. Currently, Ford is offering competitive rates with APRs starting from 3.9% for 24-36 month terms and 4.9% for 48-month terms.

For example, if approved for 72-month financing at a 7% APR, monthly payments would be approximately £741.64. Over the course of six years, this would result in total interest payments of around £2,058.35.

Additional Fees and Charges

When budgeting for a Ford Ranger Raptor, it’s essential to consider additional costs beyond the purchase price and financing charges. These include:

1. Insurance: The average car insurance for a Ford Ranger Raptor is about £1,457.34 per year or £120.96 per month.
2. Fuel: Based on an average driving distance of 15,000 miles per year, monthly fuel costs could be around £135.91.
3. Maintenance: Annual maintenance costs for the Ranger Raptor are estimated at £483.16, or about £40.26 per month.
4. Road Tax: The vehicle excise duty is included in the on-the-road price for the first year. However, due to the Raptor’s price being over £40,000, owners will pay an additional annual charge (currently £390) for five years after the first registration.
5. Facility Fee and Purchase Fee: A facility fee of £10 is payable with the first monthly payment, and a purchase fee of £10 is due with the final payment if you wish to own the vehicle at the end of the agreement.

When all these monthly expenses are combined, the total cost of owning a Ford Ranger Raptor could amount to approximately £1,037.04 per month. Over a 72-month period, this totals to around £66,935.69, highlighting the importance of careful financial planning when considering ford ranger raptor finance options.

Tips for Securing the Best Deal Ford Ranger Raptor Finance

Securing the best deal on a Ford Ranger Raptor requires careful planning and strategic decision-making. By following these tips, potential buyers can maximize their chances of getting the most favorable ford ranger raptor finance terms and overall value for their investment.

Compare Multiple Offers

To obtain the most advantageous ford ranger raptor finance package, it’s crucial to compare offers from various sources. This includes not only Ford Credit but also other financial institutions and credit brokers. While Ford’s website may not provide comprehensive information on interest rates, contacting multiple dealers can yield a range of options. Some buyers have reported seeing rates as low as 5.99% for those with excellent credit. However, it’s important to note that rates can vary based on factors such as credit score, loan term, and current promotions.

Negotiate the Price Ford Ranger Raptor Finance

Although the Ford Ranger Raptor comes with a set starting price, there may be room for negotiation, especially when considering additional features or packages. When discussing the price with dealers, it’s helpful to have a clear understanding of the vehicle’s value and current market conditions. Keep in mind that the Ranger Raptor’s price point, starting at £43,877.44 for the top-level trim, places it in a premium category. This positioning may limit the extent of price negotiations, but it’s still worth exploring potential discounts or value-added extras.

Consider the Timing Ford Ranger Raptor Finance

Timing can play a significant role in securing favorable Ford Ranger Raptor Finance. Ford often runs promotions at specific times of the year, which can result in substantial savings. For example, current offers include the opportunity to drive away in a new Ranger Raptor from £409.07 a month with a customer deposit of £18,696 and a 4.9% APR. This offer is available for vehicles contracted between October 1 and December 31, 2024, and registered by June 30, 2025. By aligning your purchase with these promotional periods, you can potentially benefit from more attractive financing terms or additional incentives.

Check for Special Promotions Ford Ranger Raptor Finance

Ford Ranger Raptor Finance frequently offers special promotions that can significantly enhance the value proposition of the Ranger Raptor. These may include:

1. Upgrade Savings: Ford is currently offering a £500 Upgrade Saving off selected new Ford cars, including the Ranger Raptor. This offer is available to eligible customers who own a Ford vehicle over 4 years old or a non-Ford vehicle of any age owned for at least 4 months.
2. Low APR Financing: While not currently available for the Ranger Raptor, Ford offers 0% APR on certain models for specific financing terms. Keep an eye out for similar offers that may become available for the Ranger Raptor in the future.
3. Service Plans: Ford is offering a Ford Protect Two Year / 25,000 Mile Service Plan for the New Ranger from £36.67 per month with Klarna Financing until December 31, 2024. This can help manage maintenance costs over time.
4. Business Contract Hire: For business users, Ford is offering the All-New Ranger Raptor Double Cab 2.0L EcoBlue 210PS from £585 per month over a 4-year term, including an advance payment of 9 monthly rentals and an annual mileage limit of 5,000 miles.

By staying informed about these promotions and timing your purchase accordingly, you can potentially secure a more favorable deal on your Ford Ranger Raptor. Remember to read the terms and conditions carefully, as eligibility criteria and offer details may vary. Additionally, don’t hesitate to ask dealers about any unadvertised promotions or flexibility in their offerings, as this can sometimes lead to unexpected savings or benefits.

Conclusion Ford Ranger Raptor Finance

Financing a Ford Ranger Raptor has a significant impact on the overall ownership experience. The various options available, from Ford Options (PCP) to traditional auto loans, give buyers the flexibility to choose a plan that suits their budget and long-term goals. Understanding the costs involved, including the purchase price, monthly payments, and additional expenses like insurance and maintenance, is crucial to make an informed decision.

To get the best deal, it’s wise to compare multiple offers, negotiate the price, and time the purchase to take advantage of special promotions. By keeping these factors in mind and exploring all available options, potential buyers can find a financing solution that aligns with their financial situation and allows them to enjoy the thrill of owning a Ford Ranger Raptor without breaking the bank. In the end, careful planning and research can lead to a satisfying purchase experience and years of enjoyment behind the wheel of this impressive vehicle.

FAQs Ford Ranger Raptor Finance

What is the monthly cost to lease a Ford Ranger?
The Ford Ranger can be leased for approximately £416.90 each month.

Who is responsible for Ford Credit?
Ford Credit operates under the trading style of FCE Bank plc. If there are any concerns about their service, customers are encouraged to contact them.

What are the financing rates for Ford vehicles in 2024?
In 2024, the financing rates for Ford vehicles are as follows: Ford Mustang at 1.9%, Ford Mustang Mach-E at 3.9%, and the 2023 Ford Mustang Mach-E at 0.0%. The 2024 Ford Ranger also has a financing rate of 3.9%.

Is Ford Credit UK the same entity as Ford Credit Europe?
Ford Credit UK is part of Ford Credit Europe. Ford Credit is fully owned by Ford Motor Credit Company LLC, which is itself wholly owned by Ford Motor Company. Ford Credit Europe is authorized to conduct a variety of regulated activities within the UK and Europe through its branches and subsidiaries.