What Are Ford Credit End of Agreement Options?
Ford Options Customers
At the end of your term you have three options:
Renew : Choose another car
If you would like to renew your Ford you can trade your current vehicle in at your Ford dealer or sell it privately if you prefer. If you trade in your vehicle at a Ford Dealership, your dealer will assess your vehicle and determine if your return conditions have been met. If your return conditions have been met for your Guaranteed Future Value, your dealer will proceed to settle the Ford Credit Account. Depending on the condition of your vehicle, and mileage, you may be required to pay in, or you may have an amount due to you. The surplus amount can be used towards your new Ford vehicle.
Return : Hand the car back
If you would like to return your vehicle, please contact your Ford dealer who will make arrangements for your vehicle to be inspected. As long as your vehicle meets our fair wear and tear standards and is within the agreed mileage, and your account is up-to-date, there will be no further payments required. Additional charges will be incurred if you exceed the contracted mileage or if your vehicle does not meet our fair wear and tear standards. These standards can be found in the Agreement or Guide to your Ford Options Agreement which you received with your Welcome Letter.
Retain : Keep the vehicle
If you decide you want to keep the vehicle, you just need to settle the outstanding amount due on the account and it's yours, alternatively the loan period can be extended and the balance can be paid off over an extended period. To discuss other options of how to settle your account contact us on 0860 667 667.
Ford Installment Sale Customers
Ford Installment Sale is a traditional hire purchase product. At the end of your agreement you simply settle any outstanding amounts and the vehicle is yours.
If you are interested in a new Ford vehicle you can trade it in at your Ford dealer or sell it privately and use the proceeds as a deposit towards your next vehicle.