FORD CREDIT

Ford Credit refers to the various leasing and finance plans/options that Ford offer to potential customers, subject to status. Many customers like the idea of being able to buy or lease a vehicle from Ford, and to arrange the finance with them at the same time. From Ford’s point of view, it can make the availability of all models more attractive to potential customers by the fact that they can arrange finance for them at the same time.These are some of the most common questions asked :

– How do I get a loan for a Car

– What is a car on Finance

– What is the definition of a credit broker

– What is Gap Insurance

For many people when deciding to buy a new or used Ford, there are a number of options that need to be considered. Some people are not sure whether to decide on the car first, then decide on whether to buy a new or used model, or whether to lease one.

 

Auto Credit, Finance and Refinance explained

Whatever the process that a potential customer goes through, the options for arranging finance should be considered almost as a separate item. It is possible to go to Ford’s dedicated website and to potentially obtain pre-approval for a loan, and also possibly be offered special deals on certain cars as a pre-approved customer.

Ford Credit / Ford Finance

This will at least give the potential customer some idea of how much money they are able to borrow, and on what terms and conditions and how much it is likely to cost them. It is also a good idea to get pre-approval for a loan from one or two other reputable sources, as these can then be compared with each other and if necessary use as the basis for negotiation, either with Ford Credit or one of the other companies.

Ford Motor Credit

One thing is worth pointing out, that arranging the credit with Ford at the same time as buying or leasing a vehicle does not mean that you get a preferential deal on either. If anything, it can potentially complicate the issue slightly as lines can become blurred as to what you are paying for what. The solution to this is simply to treat both items as completely separate, and to work out what you believe to be a realistic final sale price for the vehicle, and to work out the best rate and deal in terms of finance or credit, and then bring them both together. Ford credit does have a number of specific plans or options which may be of particular interest.

Ford Flex Buy

This type of plan is fairly unique, and in essence gives the customer potential to vary the amount they pay over the period of the loan if they apply for and are accepted into Ford Credit. This means that they might well pay less in terms of monthly payments at the beginning of the loan, and then pay increased amounts towards the end. Overall monthly payments would even out as if they had paid same every month, but a customer will have flexibility to protest at the beginning and r on.

Ford Mobility Financing

A number of customers have what are sometimes referred to as mobility needs or special needs, where in essence the vehicle needs to be modified in order to be used by the potential customer. The scheme that for operate helps with the financing both of the vehicle and any modifications that may be needed to help the individual private.

Ford Certified Pre-owned Vehicles

This is quite a common and very effective sales technique, as well as making a loss of business sense. The idea is to certify a number of vehicles that are essentially used vehicles, but which have been checked over by Ford and can be deemed to be mechanically reliable and safe. Ford used the idea of a pre-owned and certified vehicle as a way of reassuring customers that the vehicle they are buying is as far as can be guaranteed reliable. This can be a valuable way of buying a used car, what is important is to check what warranty  it comes with, how long  the warranty is for, whether that is the possibility of an extended warranty, and whether the warranty includes things such as tires and wheels.

Ford Credit – Red Carpet Lease

The possibility of leasing a Ford car or truck has become increasingly more popular over the last  few years, and is a sales technique actively promoted by Ford itself. Red Carpet Lease  is simply the name that Ford give to their various leasing plans, which in many ways similar to a normal auto loan, but with some differences that need to be understood. Any leasing plan can be thought of in many ways similar to a long-term rental agreement.

Lease End Costs

There will be a down payment on the vehicle, a number of fixed monthly payments for the duration of the lease, and an assessment at the end of the lease where there may be additional charges for  excessive wear or tear, or additional mileage charges. It is important that at the beginning of the lease, or potential charges may be incurred during the lease or at the end of the lease are specified and agreed. It is also important that the basis of how the charges are worked out, especially in areas such as excessive wear and tear, are specified and agreed.

Ford Commercial Financing

Ford credit plays a big part in the financing of commercial vehicles and trucks. The process of arranging credit and finance is relatively similar to that of arranging a loan for a normal private individual, but there may well be additional questions or credit checks related to the individual, their family, their business or their business associates or partners. This can sometimes seem a bit intrusive, but the reality is that arranging a loan for a commercial venture has different implications than are arranging a loan for a private individuals .

Ford Credit – Gap Insurance

Gap Insurance is an important type of insurance, and basically covers the difference between the final sale price of the vehicle and its value as  determined by the insurance company in the event of there being an accident the vehicle is a total loss  or write off. In this event, there is likely to be a significant difference between the insurance company’s valuation and the price paid by the customer, leading to a possibly large unsecured debt which will be the responsibility of the customer.Gap Insurance Is designed to cover this unsecured debt.

Ford Credit – Vehicle Protection

Vehicle protection is a really important part of deciding which vehicle to buy and whether to buy or lease vehicle. Ford offers a variety of different vehicle protection plans which include the warranty, possible servicing and maintenance contracts, roadside assistance and emergency contact help, as well as most Ford dealerships or offer a significant amount of practical advice concerning how to look after the vehicle and maintain it in a good condition, especially in the winter.

Ford Credit – Incentives

Like most manufacturers, Ford will offer a number of different incentives throughout the year which can make a significant difference to the final sale price all lease payment schedule of a vehicle. Some of these incentives may relate to certain categories of customer such as college graduates or people who are serving have served in the military. Other offers will relate to certain vehicles or certain types of vehicles, there will be certain incentives offered at certain times of the year often as a way of offloading inventories, special finance deals may be offered by way of zero percentage contract, and certain deals may be offered to existing customers either as a way of getting them to buy a car they are leasing or to trade in a car for a new one.

Ford Payment Calculator

A payment calculator can be a really useful tool in terms of helping you understand your potential repayment costs. That in mind that your creditworthiness will be assessed by Ford credit, and it will be their judgement as to the level of risk that you represent financially, and they will charge you accordingly. When working out your repayment costs it is well worth to do a budget of all your current monthly expenditure, as well as all your monthly income, and work out what you can realistically afford to pay back. The repayment costs should allow not only for the price of the vehicle, but also things like insurance costs and servicing and maintenance plans.

Ford Vehicles – Reviews TBA

Ford Fiesta

Ford Focus

Ford Fusion

Ford C – Max

Ford Mustang

Ford Taurus

Ford Eco-sport

Ford  Escape

Ford Transit Connect Wagon

Ford Edge

Ford Flex

Ford Explorer

Ford Expedition

Ford Transit Connect

Ford F – 150

Ford Transit Passenger Wagon

Ford Super Duty

Ford C – Max hybrid SE

Ford Fusion Hybrid SE

Ford C – Max Energi SE

 Ford Fusion Energi SE

 Ford Transit Connect Commercial

Ford Transit CC – CA

Ford Stripped Chassis

Ford Econoline Cut Away

Ford Transit Cargo Van

Ford Super Duty Commercial

Ford Chassis Cab

Ford F – 650 – 750