What is the Purchase Instalment fee?
Ford Hire Purchase agreements include a purchase instalment which is payable at the end of the agreement should you wish to take ownership of the vehicle.
Do I have to put down a deposit?
In general, the standard minimum deposit is 10% to 20% of the Recommended Retail Price (depending on the product). Occasionally certain Marketing Promotions may require higher minimum deposits for Ford Hire Purchase products. VAT registered customers are required to put the VAT amount on the vehicle price down as a deposit.
How do I find my nearest Ford Dealer?
Click here to find your nearest Ford Dealer.
I'd like to return my car at the end of my Ford Options 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 kilometres, 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' and the appraisal and return process. You will be required to sign a 'Return Document' which allows your Ford Dealer to close off your Ford Options agreement with Ford Credit.
Over what period can I take my Ford Hire Purchase agreement?
Repayment periods can range from 24 to 61 months.
Over what period can I take my Ford Options agreement?
Ford Options agreements can be taken out over a 37 month term.
What happens after I've signed my finance agreement?
Your Ford Dealer will give you a copy of your finance quote and the original will then be sent to us for processing. Once we have set up your account, you will be sent a copy of your finance agreement with a Welcome Letter.
What happens if I have not made a decision and my Optional Final Payment has become due?
Please contact us on 0818 812 813 immediately to discuss and advise us of your decision. Calls may be recorded for training and quality purposes.
Please click here to find out what options you have at the end of your Ford Options agreement.
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 Hire Purchase agreement of the same length and deposit. For full details of the product, click here.
What options do I have at the end of my Ford Options agreement?
At the end of the plan 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 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.
When is my Optional Final Payment due?
Your Optional Final Payment (GMFV) is due 30 days after your last regular monthly instalment has been paid.
Why do I have to comprehensively insure my car?
Comprehensively insuring your car protects you, Ford Credit and any other party involved in an accident. Should you write-off your car without comprehensive insurance you will still be liable to repay your finance agreement.
Why is there a kilometre restriction?
The annual kilometre limit has been set on each Ford Options vehicle from the outset. This allows Ford Credit to allocate an Optional Final payment to each model, thereby calculating the monthly repayments.
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.