Finance your new or pre-used Ford
Working for you!
Peace River Ford’s Finance team's goals are to:
- Make your buying experience relaxed
- Understand your needs by working with more than a dozen lenders to get you 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
You don't have to come to our showroom to begin the auto finance approval process. You can begin right now at home with our online calculator!
Pick your payment
Your credit score has an impact on your loan's interest rate, so check your score with no impact on your score! We offer financing options for all credit situations.
& leasing options
Peace River 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.
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.
Peace River Ford offers a range of 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!
Prepare for lease end and plan for great opportunities for your next Ford! When your lease ends, you usually have three options, depending who you leased from. Both Peace River Ford and Ford Credit are ready to help make the experience easy and convenient for you. Please refer to your Lease-End Agreement for complete details.
- Buy your lease vehicle
- Purchase or lease a new Ford
- Return your lease vehicle to Peace River Ford
Remember to check 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 financing or
your auto insurance
Some drivers want to know: “Will my insurance cost more if I lease a car?” No, it won't. Here are the key points to consider about financing, leasing, and insurance.
How is car insurance calculated?
Insurance rates are based on where you live, what you drive, and how you drive. The cost of your premiums isn't calculated on how you pay for your car. You pay the same for insurance, whether you buy or lease. Just be sure to let your insurance company know you’re leasing.
Who has an interest in the vehicle?
Financing or leasing both mean that someone is holding the interest on that vehicle: a bank, a dealership, etc. The name of the leasing company or the financier must be on your insurance policy. This process is in place so that a lender’s investment is protected.
What happens if I have an accident?
When a car is in an accident or written off, the finance or leasing company are paid first. After that, you will receive a payment if your car is worth more than what you owe. If you owe more than the vehicle is worth, gap insurance comes into play to cover those costs. Contact your insurance company for details.
Where can I find more information?
Your vehicle insurance agent is the best person to explain what your policy covers, along with the fine print. If you change vehicles or decide to lease instead of financing, contact your insurance company as soon as possible.
Ford Commercial Options
Ford Canada offers businesses flexible automotive financing and leasing packages to keep your business on the move.
- Traditional financing
- Flexible terms
- No hidden fees
- Combined billing available
- Lease payments are usually lower than finance payments
- Allows for your cash to be invested in your business
- Short-term leasing allows newer vehicles more often
- GAP insurance.
- Open-ended lease program
- Vans, trucks, and cars available
- Upfit vehicles
- High kilometrage and heavy-use vehicles.
- Apply for a credit line starting at $250,000 and free up capital
- No setup or non-utilization charges
- Available for Retail, Red Carpet Lease, and Commercial Lease financing.
- Available to retail and Red Carpet Lease, and Commercial Lease customers
- Simplify your payments by consolidating your monthly statements
- Combined billing is complimentary for you if you have two or more accounts.
Or contact Peace River Ford for more information.
Get the new Go Auto App
Download the Go Auto App to start earning Go Card rewards today!
What should I bring to my finance appointment?
All buyers should bring: valid government-issued driver's license, current pay stub, and void cheque. Depending on the specifics of your purchase, 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 Go Auto, call us ahead of time and speak with a sales consultant.
Will I be approved?
Four main factors determine whether you get approved for a car loan. The new or pre-used vehicle's cost, age, and mileage. Your employment history, residence, and income. Your credit history, which is the information in your credit file. 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 [[dealerName,]] we offer competitive rates from Canada's largest lenders to fit nearly every budget and credit profile.
How do I budget for my car payments?
The rule of thumb from most financial institutions is to spend no more than 15% of your gross monthly income on your 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 helps financial institutions predict the risk associated with your purchase of a car, house, use of a credit card, or any other financial products. 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. In general, the higher the number, the more likely you are to get approved for a car loan. The systems that generate your credit score take several factors into account, including: the timeliness of your payments, including late payments, the amount and type of debt you have, the number and age of your credit inquiries created by applying for credit 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 Peace River 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 plenty of flexible financing and leasing programs available. At Peace River Ford, we work with Canada's top 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 Peace River 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.