Ford Options is a Personal Contract Purchase finance product and is ideally suited to customers who like to enjoy a new car every two or three years. At the end of any Ford Options agreement, you have three options to choose from.
1. Renew your Ford – if you would like to renew into a new Ford, you can part exchange your existing car at your Ford Dealer, or sell it privately once you have settled your account. Any excess value over the Optional Final Payment can be used as a deposit towards your new Ford.
2. Return your Ford – 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.
3. Retain your Ford – Ford Options also gives you the flexibility to own the car at the end of your agreement. All you need to do is arrange payment of the Optional Final Payment, which was deducted at the start of your agreement, plus the purchase fee.
Under the agreement you are required to maintain a comprehensive motor insurance policy in respect of the goods with a reputable insurer of your choice.
Finance subject to status. Guarantees/Indemnities may be required. Freepost Ford Credit. Finance Facility fee (where applicable) is an additional charge for the supply of credit and is payable with the first instalment. Purchase fee (where applicable) is payable with Optional Final Payment if you wish to own the vehicle at the end of the agreement. Ford Options and Options Cashplan – Further charges may be made subject to the condition of the vehicle if the vehicle is returned at the end of the finance agreement. All figures include VAT unless indicated otherwise.