Ford credit options relate to a wide variety of different potential deals that for credit will make available to potential customers on either specific vehicles, certain finance deals or additional benefits to any sale or lease agreement on various vehicle protection contracts and plans.
Ford credit relates to the type of dealer financing, where the manufacturer offers auto loans to potential customers, either for the sale of a vehicle or in effect to lease one from them. Arranging an auto loan is like arranging any secured loan, but when done with Ford credit that are a number of different angles need to be considered.
For many people arranging the finance with the Ford dealership makes the whole thing they got easier, and can seem much simpler. Whilst this is true to an extent, it is also important to separate out to elements of the deal in terms of the negotiation of the vehicle and extras, and negotiation of the finance itself. Both are in effect separate processes and should be treated as such.
What are Ford Credit Options ?
An application for Ford credit will be considered pretty much entirely on Fords assessment of the individual’s creditworthiness as to whether they are a reasonable risk or not in terms of an individual to lend money to.
This will involve an application process that will require the individual to detail a significant amount of personal and financial information, both about themselves and their families. This information will then be submitted to a credit bureau will make the assessment on behalf of Ford and issue a credit score.
This credit score will then be used by Ford to decide whether or not to lend the individual money, and if so on what terms and conditions. Ford credit will also likely offer the option of pre-approval for a customer, allowing the customer a degree of certainty about how much they can afford to borrow and at what cost.
Ford credit options also include potential deals on errors such as servicing and maintenance plans, extended warranties and roadside assistance.
They can also be potential benefits regarding auto insurance deals with certain insurance companies, and the provision of gap insurance as an additional extra.