Developed jointly by Ford Credit and Ford Motor Company, Ford Options is designed to give you choice and combines all of the benefits of traditional methods of finance to give
you an attractive way to finance your Ford car. Since its launch in 1992, Ford Options has proved extremely popular, consistently representing on average around one third of all Ford
car sales to individuals. [more...]
Summary of Features:
- The opportunity to drive a new Ford every two or three years.
- Deposits from as little as 0%.
- Affordable monthly payments.
- A Minimum Guaranteed Future Value for your car, protecting you from any unexpected changes to used car values.
- Reduced risk of major service and repair bills.
- The option to own the car at the end of the Agreement.
How it Works:
- Decide which model you would like.
- Estimate your approximate annual mileage.
- We then estimate the minimum value of the car at the end of the Agreement, known as the 'Minimum Guaranteed Future Value' or MGFV.
- The MGFV, plus any deposit, is then deducted from the invoice price of the car. Your monthly payments are based on the remaining balance, plus interest on this balance and on the MGFV. At the end of the Agreement you have three options available to you:
Option One - Another Car
Return to your Ford Dealer and choose a new car, using any excess value over the MGFV towards a deposit on your next Ford. You can trade in your old car or sell it privately if you prefer.
Option Two - Return the Car
Simply return the car. You will have nothing further to pay provided:
- You have made all your monthly payments.
- The car is in good condition* and has not exceeded the agreed mileage.
Option Three - Keep the Car
- If you decide to keep the car, you need only pay the MGFV and the Option to Purchase Fee and it's all yours!
- We can also provide a facility to refinance the MGFV over a further period should you choose this option.*In accordance with our RAC approved normal wear and tear guidelines. Full details will be provided by us once your Agreement has been processed.
Typical Example
The following example is based on a 3 door 1.3 KA1 and is a representative example only.
Rates may vary depending on promotions available from time to time and information on these can be found in our 'Current Offers' section.
For an up to date quotation, please contact your Ford Dealer:
- On The Road Price: £6960.00
- Mileage (per annum): 12,000
- Deposit: £696.00
- Balance: £6264.00
- Total Charge for Credit: £989.80
- (including a finance facility fee of £85 payable with the first monthly payment and option to purchase fee of £45 payable with the MGFV)
- Total Amount Payable: £7949.80
- Term (months): 25
- 24 Monthly Payments : £182.70
- Minimum Guaranteed Future Value (MGFV): £2784.00
- APR: 11.0%
Retail customers only. Subject to availability. If you wish to own the vehicle at the end of the agreement you must pay the MGFV plus purchase fee.
Further charges may be made subject to mileage and condition if the vehicle is returned at the end of the Agreement. Price is based on Manufacturer's
Recommended Retail Price. Finance is subject to status to over 18s only. Available only in the UK. All finance agreements are subject to English Law.
Guarantees and indemnities may be required. Written quotations are available on request: FREEPOST Ford Credit.
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