What car finance options are available for a Ford Explorer in the UK?

When financing a Ford Explorer in the UK, you typically have three main car finance options: Personal Contract Purchase (PCP), Hire Purchase (HP), and Lease Purchase. Each offers distinct advantages depending on your preferences for ownership, monthly payments, and end-of-agreement flexibility. Our comparison service can help you explore all these car finance types to find the best fit for your needs.

How does PCP finance for a Ford Explorer work?

PCP finance is a popular choice for the Ford Explorer due to its flexibility. With PCP, you pay lower monthly instalments because a significant portion of the car's value is deferred to a final 'balloon payment.' At the end of the agreement, you can choose to return the car, pay the balloon payment to own it, or use any equity as a deposit for a new vehicle. It's an excellent way to drive a newer Explorer with more manageable monthly outgoings.

Can I get a no-deposit car finance deal for a Ford Explorer?

Yes, it is often possible to secure no-deposit car finance for a Ford Explorer through our specialist brokers. While placing a deposit can lower your monthly payments and potentially improve your car finance interest rates, many lenders offer options that require no upfront payment. Our car finance calculator can help you explore these possibilities and see how different deposit amounts impact your overall car finance quote.

What kind of APR rates can I expect for Ford Explorer finance with Prefinance?

Our network of specialist finance brokers offers competitive car finance interest rates, with representative APRs starting from 7.9% (representative APR 8.9%). The exact car finance APR calculator figure you receive will depend on your individual credit profile, the specific Ford Explorer model, and the chosen finance product. By comparing multiple providers, Prefinance aims to find you the most favourable car finance deals available.

How can Prefinance help me save money compared to dealer finance for a Ford Explorer?

Main Ford dealers typically work with a limited number of lenders, which can restrict your car finance options and often lead to higher costs. Prefinance, as a comparison service, works with multiple specialist brokers who access a wide panel of lenders. This means we can often find lower car finance interest rates and better terms, helping you save money on your Ford Explorer compared to standard dealer finance.

Is Hire Purchase (HP) a good option for financing an older Ford Explorer?

Hire Purchase (HP) can be an excellent car finance option for an older Ford Explorer, especially if you intend to own the vehicle outright at the end of the term. Unlike PCP, there's no large balloon payment; you simply make fixed monthly payments, and once the final payment is made, the car is yours. This straightforward approach can be ideal for those looking for predictable costs and eventual full ownership of a reliable, slightly older SUV.

What is a Lease Purchase agreement for a Ford Explorer?

Lease Purchase for a Ford Explorer combines elements of both HP and PCP. You agree on a final 'HP balloon' payment at the outset, which helps to lower your monthly instalments, similar to PCP. However, unlike PCP, there is no option to return the vehicle at the end of the term; you are committed to settling or refinancing the balloon payment. This makes it a suitable car finance type for those who are certain they want to own their Explorer long-term but desire lower monthly outgoings.

Can I use the Prefinance car finance calculator to compare Ford Explorer finance options?

Absolutely. Our intuitive car finance calculator allows you to easily compare various Ford Explorer finance options, including PCP finance and HP. You can adjust factors like your desired deposit, repayment term, and estimated mileage to see how these impact your potential monthly payments and overall car finance quote. It's a great tool to explore different scenarios and find the best car finance deals tailored to your budget.

How does early settlement work if I want to pay off my Ford Explorer finance early?

If you wish to pay off your Ford Explorer finance early, most agreements, whether PCP or HP, offer an early settlement option. You would request a settlement figure from your finance provider, which includes the remaining capital balance and any applicable interest or fees. Settling early can save you money on future interest payments. Our team can help guide you through understanding the process and what to expect.

Can I arrange Ford Explorer finance with Prefinance before I visit a showroom?

Yes, arranging your Ford Explorer finance before visiting a showroom is a smart move that can put you in a stronger negotiating position. By using Prefinance, you can get a pre-approved car finance quote, giving you a clear budget and understanding of your car finance options and car finance interest rates. This allows you to focus on choosing your ideal Explorer without the pressure of on-the-spot finance decisions from the dealer.

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The best used Ford Explorer finance deals

Use our Ford Explorer finance calculator to compare PCP and HP payments on the exact car you want - using a URL, a registration number, or just the make and model. Ford dealerships often mark up their finance rates to boost their profits. At Prefinance, we cut out the middleman. You find the Explorer on AutoTrader, Motors.co.uk, or anywhere else and we provide the funding at a rate that beats the dealer. Rates starting from 7.9% - Representative APR 8.9%.

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Why choose an Ford Explorer?

The used Ford Explorer carves out a unique and highly desirable niche in the pre-owned SUV market, standing tall as a versatile and robust option perfect for families, adventurers, and anyone seeking a blend of capability and comfort without the new car price tag. Its enduring popularity is a testament to its adaptable design, making it an excellent choice for daily commutes, long road trips, or tackling light off-road excursions.

Under the hood, Explorers often feature potent engine options, such as the widely available 3.5L V6, providing ample acceleration and towing capacity, paired with capable handling and available intelligent four-wheel drive systems for confident all-weather performance. Inside, you'll discover a well-appointed cabin with quality materials, often equipped with Ford's SYNC infotainment system, offering seamless connectivity and entertainment. As a used purchase, the Explorer represents exceptional value, delivering a spacious interior, strong safety ratings, and a proven track record of reliability, making it a smart investment for years to come.

Financing an Explorer:

The Ford Explorer isn't just an adventure-ready SUV; it's also a smart choice when it comes to financing. Thanks to its strong residual values and enduring desirability, the Explorer holds its value well. This is particularly beneficial for customers choosing PCP (Personal Contract Purchase) finance, as the guaranteed future value (GFV) remains robust, potentially leading to lower monthly payments and more equity at the end of your agreement.

We believe in making finance accessible, which is why our APR rates start from a competitive 7.9%, with a representative APR of 8.9%. We also offer flexible terms, funding Explorers of various ages. Our innovative comparison technology works to find the best lender and finance solution tailored specifically to the vehicle you're interested in. Why not try a comparison today and see how easy it can be to drive away in your perfect Ford Explorer?

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Ford Explorer finance calculator

Rates from 7.9% APR.
Work out the monthly payments on any Ford Explorer with our free PCP and HP calculator. Why accept a high 14.90% APR from a dealer? Here are the facts based on our user's comparisons: We save on average £30.09 per month on used Ford finance deals.