Buying a used Ford Ranger with hire purchase (HP) car finance

The Ford Ranger is a versatile and robust pickup truck known for its strong performance, durability, and practicality.

At AutoMoney Motor Finance we can help you secure HP car finance on a used Ford Ranger within minutes.

What’s more we can complete your deal the same day, so you can drive home with your chosen Ford Ranger model straight away.

Apply now for HP car finance

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Representative example

You could borrow £10,000 over 60 months with an initial payment of £490.66 (including £199 Admin Fee) followed by 58 monthly payments of £291.66 with a final payment of £490.66 (including optional £199 Option to Purchase Fee).

Total amount repayable will be £17,897.60.

29.3% APR, annual interest rate (fixed) 24.7%.

This example uses the representative APR. This is the rate at least 51% of customers are expected to get.

Lending is subject to status and additional affordability checks. Rates quoted are subject to change and will depend on lending amount and personal circumstances.

Contents

Want to know more about buying a used Ford Ranger?

If you’re considering purchasing a used Ford Ranger, here’s a detailed look at what you should know about its strengths and weaknesses:

Strengths of Ford Ranger

  1. Robust Performance: The Ford Ranger is built for tough tasks and offers strong performance with its range of powerful engines. Whether you're towing, off-roading, or simply driving on highways, the Ranger delivers reliable and capable performance.
  2. Durability: Known for its rugged build quality, the Ford Ranger is designed to handle challenging conditions and heavy-duty use. Its durability makes it a reliable choice for those needing a workhorse vehicle.
  3. Off-Road Capability: Many Ford Ranger models come with off-road capabilities, including four-wheel drive (4WD) systems, off-road suspension, and terrain management systems. This makes it a great choice for adventurous drivers and off-road enthusiasts.
  4. Towing and Hauling: The Ranger excels in towing and hauling, with impressive towing capacities that make it suitable for pulling trailers, boats, and other heavy loads. Its payload capacity also ensures it can handle substantial cargo.
  5. Spacious Interior: Despite being a pickup truck, the Ford Ranger offers a comfortable and spacious interior. The cabin is designed with practicality in mind, providing ample legroom, headroom, and storage spaces for passengers and gear.
  6. Modern Technology: The Ford Ranger is equipped with modern technology features, including advanced infotainment systems, connectivity options, and driver assistance features. Features like Ford's SYNC infotainment system enhance convenience and safety.
  7. Versatility: The Ranger's versatile design makes it suitable for a wide range of activities, from work to recreation. Its bed can be configured with various accessories, making it adaptable to different needs and uses.

Weaknesses of Ford Ranger

  1. Fuel Economy: Due to its powerful engines and capability, the Ford Ranger's fuel economy may be lower compared to smaller vehicles or more fuel-efficient alternatives. It's important to consider ongoing fuel costs based on your driving habits.
  2. Ride Comfort: While the Ranger offers a sturdy and durable ride, it may feel firmer compared to passenger cars, particularly when driving on rough roads. The emphasis on capability can result in a less cushioned ride experience.
  3. Interior Material Quality: Some models of the Ranger may have interiors with materials that feel less premium compared to more luxurious vehicles. However, the focus on durability and practicality compensates for this in many cases.
  4. Size and Manoeuvrability: The Ford Ranger's size can be a drawback in urban environments or tight parking spaces. Its larger footprint may make it less manoeuvrable compared to smaller vehicles.
  5. Depreciation: Like many vehicles, the Ford Ranger may experience depreciation, especially in the first few years. However, its strong reputation and demand in the used market can help mitigate this to some extent.

Tips for buying a used Ford Ranger

  • Research Specific Models: Popular models like the Ford Ranger XLT, Lariat, and Wildtrak each have unique features and capabilities. Research specific model years for any common issues or recalls to ensure you make an informed decision.
  • Check Service History: Ensure the vehicle has a comprehensive service history, preferably by authorised Ford service centres. Regular maintenance is essential to ensure the vehicle's performance and reliability.
  • Inspect for Wear and Tear: Look for signs of wear and tear, especially on high-mileage models. Pay close attention to the condition of the interior, electronics, and suspension components.
  • Consider Certified Pre-Owned: Buying a dealership-certified pre-owned Ford Ranger offers benefits like extended warranties and rigorous inspections, providing added peace of mind.
  • Evaluate Running Costs: Factor in potential running costs, including insurance, road tax, and fuel consumption, to ensure the truck fits within your budget. The Ranger's capability may come with higher running costs, so it's essential to consider these expenses.

Overall, a used Ford Ranger can offer a versatile, robust, and capable driving experience, with modern technology and practical features. By doing thorough research and inspections, you can find a high-quality used Ford Ranger that meets your needs and provides lasting satisfaction.

Buying a used Ford Ranger with HP car finance

One of the ways to buy a used Ford Ranger, if you do not have enough money to pay for it in full straight away, is to use Hire Purchase car finance (HP car finance).

This is where you ‘hire’ the Ford Ranger from us, spreading the cost of the car over monthly payments to us. These payments contribute towards you ‘purchasing’ (buying) the Ford Ranger from us at the end of the term of the borrowing, when you also pay a one-off “option-to-purchase” fee.

At this point you own the Ford Ranger completely and our contract comes to an end.

The pros and cons of HP car finance

Borrowing money to buy anything comes with risks, as well as rewards.

Buying a used Ford Ranger could be the right choice for you and an ideal solution to the practical challenges of getting about day to day. However, whilst a used car can be significantly cheaper than its brand new alternative, it still involves spending a lot of money.

When you borrow money, you need to make sure you can keep up with payments comfortably. You will have other bills to pay and necessary things to buy, so you don’t want to find that the payments on your Ford Ranger are leaving you short of money each month.

There are also other considerations when buying a used car and below we share the pros and cons, to help you decide if applying for HP car finance is right for you.

The pros

  • Drive away in a Ford Ranger today: with HP car finance you can get a Ford Ranger, even if you don’t have all the money for it right now.
  • Spread the cost of owning your Ford Ranger: cars are expensive, but are often an essential part of daily life. When you buy your Ford Ranger with HP car finance, you can pay for it gradually over time.
  • Manage your finances: HP car finance comes with a clear payment plan. You can easily compare what your finances will look like each month by taking away the money your Ford Ranger will cost you, alongside your other bills and costs, from your income to make sure it is affordable for you.
  • Decide how much you can afford each month: if you find the Ford Ranger you are looking at is too expensive per month, you can look at other options, with lower monthly costs.
  • Choose a term that suits you: you can repay over 3-5 years, which will impact the monthly cost to suit your monthly finances. Borrowing for longer reduces the monthly cost, but be aware it may increase the total amount you repay.
  • Own your Ford Ranger at the end of the term: If you keep up with your monthly payments, and can afford the “option-to-purchase” fee, you will own your Ford Ranger at the end of the term of your agreement.

The cons

  • Delayed ownership: You won't own the car until the final payment is made. Missing payments could result in your Ford Ranger being repossessed.
  • Depreciation: Used cars can lose value quickly. You might end up paying more than the Ford Ranger is worth over time.
  • Higher total cost: The total amount paid, including interest and fees, will be much higher than the Ford Ranger’s purchase price.
  • Insurance requirements: Comprehensive insurance is required, which can be more costly.
  • Credit impact: Missing payments can negatively affect your credit score, making future borrowing more difficult.
  • Repossession risk: Failure to make payments can lead to the car being repossessed, possibly leaving you with outstanding debt.

Please make sure you read and understand your hire purchase agreement, maintain your car and ensure you can afford the payments before committing.

Why get HP car finance with AutoMoney Motor Finance?

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  • Get a finance decision within minutes

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  • Complete the same day

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AutoMoney Motor Finance is part of a family-owned company called Norfolk Capital Group. Our chairman built all his businesses on strong values, which we look for in every employee that works here.

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Ready to apply?

We hope you found the information on this page useful. If you are now ready to apply for HP car finance with us, we’d be pleased to help.

Get started with an application using our online form:

Get started online

Representative example

You could borrow £10,000 over 60 months with an initial payment of £490.66 (including £199 Admin Fee) followed by 58 monthly payments of £291.66 with a final payment of £490.66 (including optional £199 Option to Purchase Fee).

Total amount repayable will be £17,897.60.

29.3% APR, annual interest rate (fixed) 24.7%.

This example uses the representative APR. This is the rate at least 51% of customers are expected to get.

Lending is subject to status and additional affordability checks. Rates quoted are subject to change and will depend on lending amount and personal circumstances.

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