Why should I take a loan with Ford Credit?
Ford Credit is one of the largest automotive finance companies in the world. We have been supplying Ford customers with finance products in the UK since 1963. We constantly strive to ensure that we provide a range of finance products, whilst remaining committed to delivering the highest levels of customer service and support.
Will the interest rate change throughout my agreement?
No, Ford Credit offers fixed rate agreements, so you'll know exactly what you'll be paying from the outset over the term of the agreement.
What is the Option to Purchase fee?
Hire purchase and personal contract plan (PCP) agreements will include an option to purchase fee, which is payable should you wish to own the vehicle.
What is Ford Acquire and how does it work?
Ford Acquire is our traditional hire purchase plan which is convenient to arrange and has flexible terms to suit your needs.
Over what period can I take my Ford Acquire agreement?
Repayment periods can be from 12 to 60 months.
What happens at the end of my Ford Acquire finance agreement?
At the end of the agreement period, assuming all payments have been made (including the Purchase Fee), you own the car.
What is Ford Options and how does it work?
Ford Options is our personal contract purchase plan where your monthly payment is lower when compared to a Ford Acquire agreement of the same length and deposit.
What is Ford Options Cashplan and how does it work?
Ford Options Cashplan is a variation of the Ford Options plan, and is ideal if you want to put down a large cash deposit and do not want to be tied to monthly instalments.
Over what period can I take my Ford Options/Ford Options Cashplan agreement?
Ford Options agreements can be taken out over 24 or 36 month terms.
Ford Options Cashplan agreements can be taken out over 24 or 36 month terms.
What options do I have at the end of my Ford Options or Ford Options Cashplan agreement?
At the end of both these plans your options are as follows:
- Renew: Choose another car - If you would like to renew your Ford you can trade it in at your Ford Dealer or sell it privately if you prefer. You must settle your account, and then you may use any excess value over the Optional Final Payment can be used as a deposit towards your new Ford.
- Return: Hand the car back
- Your pre-agreed Optional Final Payment gives you protection against any unexpected fall in used car prices. If you would like to return your car, your Ford Dealer will complete a vehicle appraisal. As long as your car meets our fair wear and tear standards, is within the agreed mileage, and your account is up-to-date, there will be nothing further to pay. Additional charges will be made if you exceed the agreed mileage or if your car does not meet our fair wear and tear standards.
- Retain: Keep the car
- Ford Options also gives you the flexibility to own the car at the end of the agreement. All you need to do, assuming all payments have been made, is arrange payment of the Optional Final Payment, which was deducted at the start of your agreement, plus the purchase fee.
When is my Optional Final Payment due?
Your Optional Final Payment is due 30 days after your last regular instalment has been paid.
What happens if I have not made a decision and my Optional Final Payment has become due?
Please contact us on 03457 125490* immediately to discuss and advise us of your decision. Calls may be recorded for training and quality purposes.
I'd like to return my car at the end of my Ford Options/Ford Options Cashplan agreement. What do I need to do?
Simply return your vehicle to your Ford Dealer, who will carry out an appraisal on your vehicle. So long as the vehicle meets our ‘fair wear and tear’ standards, and you are within your agreed mileage, you will have nothing further to pay. Your Wear and Tear guide
, provided at the start of your agreement, will give you further information regarding fair wear and tear as well as the appraisal and return process.
Why is there a mileage restriction?
The annual mileage is agreed depending on your individual requirements at the start of the finance agreement. It allows Ford Credit to allocate a Optional Final Payment to the vehicle, thereby calculating the monthly repayments.
*Calls to 0345 numbers are charged at the same rate as standard 01 or 02 geographic numbers, and are included in any telephone or mobile package that offers free landline calls.