What is Ford Options and how does it work?
Ford Options is our personal contract purchase plan which is ideal for customers who wish to renew their car more often, whilst also providing them with the added security of knowing what the minimum future value of their vehicle will be at the end of their finance agreement.
Over what period can I take my Ford Options agreement?
Ford Options agreements can be taken out over 24, 30 or 36 month terms.
What options do I have at the end of my Ford Options agreement?
At the end of the plan your options are as follows:
- Choose a new car – Trade your car in or sell it privately, having settled your account, and use any excess monies towards a new car.
- Return the car – Provided the car is found to be in good condition and that the agreed mileage has not been exceeded, you may return your car at the end of your agreement through your Ford Dealer.
- Keep the car – Simply pay the Guaranteed Minimum Future Value (GMFV) and you own the car.
Click here to download the Ford Options end of contract guide.
For a copy of the current charges for vehicle damage under our fair wear and tear standards please
click here.
When is my Guaranteed Minimum Future Value (GMFV) due?
Your Guaranteed Minimum Future Value (GMFV) is due 30 days after your last regular instalment has been paid.
What happens if I have not made a decision and my GMFV has become due?
Please contact us on 08457 125490 immediately to discuss and advise us of your decision.
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 Guaranteed Minimum Future Value to the vehicle, thereby calculating the monthly repayments.
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 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' and the appraisal and return process.
For a copy of the current charges for vehicle damage under our fair wear and tear standards please
click here.