Finance
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Finance Calculator
We offer a range of finance packages. Simply fill in the calculator below in 4 easy steps to work out what your monthly payment might be.
1. Type in the price of the car you are interested in.
2. Type in the deposit amount you require.
3. Select the period you wish to finance over using the drop down box.
4. Select the APR rate you would like.
The monthly payment will then be calculated.
All examples are given as a guide only and are not a guarantee of available finance.
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Deposit Paid
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The flexible way to finance your new Ford with a choice of Finance Plans
from Ford Credit at Blights Motors. Ask us for a written quotation today.
Ford credit have 3 simple finance plans allowing you different ways of purchasing the car.
Click on the quicklinks below to see the best option for you.
FORD OPTIONS.
Ford Options is a different way of financing your car because it gives you the option to drive a new Ford every two or three years. Since 1992, over 700,000 people have chosen Ford Options. With deposit levels ranging between 0% and 35%, and the assurance of a pre-agreed Guaranteed Minimum Future Value (GMFV), Ford Options could be the right finance plan for you.
The benefits of Ford Options:
• The opportunity to drive a new Ford more often
• Regular affordable payments to suit your personal needs
• Flexible terms of 24 months, 30 months and 36 months
• The assurance of a Guaranteed Minimum Future Value (GMFV) providing protection against any unexpected fall in used car prices
• The option to own the car at the end of the agreement
How does it work?
• You decide on the car you want to buy and tell us your anticipated annual mileage
• You choose the deposit you want to pay and the repayment period that suits you
• We then estimate the Guaranteed Minimum Future Value (GMFV) that the car will be worth at the end of your agreed finance term
• This, and your agreed deposit, is deducted from your car price
• Your repayments are then based on the balance, plus the interest on both this and the Guaranteed Minimum Future Value (GMFV)
• The finance specialist at your Ford Dealer will then submit your application through to Ford Credit
• Once the finance documentation is complete, you can drive away in your new car
• At the end of the agreement, you have three great options.
Finance subject to status. Guarantees/indemnities may be required. Freepost Ford Credit.
Option one – choose another car
You can choose another car by using any excess value over the Guaranteed Minimum Future Value (GMFV) as a deposit on your next Ford. You can trade in your old car, or sell it privately if you prefer, having settled your account, and use any excess monies towards your next Ford.
Option two – return the car
You’ll have nothing further to pay, providing the car is in good condition, and the agreed mileage hasn't been exceeded.
Please note that the car's condition is assessed in accordance with our RAC- approved normal wear and tear guidelines. We can provide you with full details once your agreement is up and running.
Option three – keep the car
If you decide to keep the car, assuming all payments have been made, you just need to pay the Guaranteed Minimum Future Value (GMFV), plus the Option to Purchase Fee, and it’s yours to drive away. We can also arrange finance for the Guaranteed Minimum Future Value (GMFV) over a further period, should you need it.
FordOptions CashPlan
More choice when purchasing your new Ford
Ford Options Cashplan gives you all the benefits of Ford Options while freeing you from making regular payments. It’s ideal if you have a large cash sum available, providing an innovative way to own a new Ford.
The benefits of Ford Options Cashplan:
• The opportunity to drive a new Ford more often
• Flexible terms of 12 months, 24 months and 36 months
• The assurance of a Guaranteed Minimum Future Value (GMFV), providing protection against any unexpected fall in used car prices
• The option to own the car at the end of the agreement
How Ford Options Cashplan works:
• You decide on the car you want to buy and tell us your anticipated annual mileage
• You choose the appropriate repayment period that suits you
• We then estimate the Guaranteed Minimum Future Value (GMFV) that the car will be worth at the end of your agreed finance term
• Interest is then calculated on this figure
• You then pay the difference between the car price and the Guaranteed Minimum Future Value (GMFV), plus the Finance Fee and the interest at the outset of the finance agreement
• The finance specialist at your Ford Dealer will then forward your application to Ford Credit for final approval
• Once the finance documentation is complete, you can drive away in your new car
• At the end of the agreement, you have the same three great options as on Ford Options.
Finance subject to status. Guarantees/indemnities may be required. Freepost Ford Credit.
Option one – choose another car
You can choose another car by using any excess value over the Guaranteed Minimum Future Value (GMFV) as a deposit on your next Ford. You can trade in your old car, or sell it privately if you prefer, having settled your account, and use any excess monies towards your next Ford.
Option two – return the car
You’ll have nothing further to pay, providing the car is in good condition, and the agreed mileage hasn’t been exceeded.
Please note that the car’s condition is assessed in accordance with our RAC-approved normal wear and tear guidelines. We can provide you with full details once your Agreement is up and running.
Option three – keep the car
If you decide to keep the car, assuming all payments have been made, you just need to pay the Guaranteed Minimum Future Value (GMFV), plus the Option to Purchase Fee, and it’s yours to drive away. We can also arrange finance for the Guaranteed Minimum Future Value (GMFV) over a further period, should you need it.
FordAcquire
The simple way to finance your new Ford
Ford Acquire is a traditional hire purchase plan that’s convenient to arrange and provides you with the flexibility to suit your needs.
The benefits of Ford Acquire:
• Regular payments to suit your needs.
• Flexible repayment terms ranging from 12 months to 60 months
• At the end of the agreement, assuming all payments have been made, you own the car
How Ford Acquire works:
• You decide on the car you want to buy
• You choose the deposit you want to pay and the repayment period that suits you
• The finance specialist at your Ford Dealer can then calculate your regular payments, based on the balance and interest, and submit your application to Ford Credit
• Once the finance documentation is complete, you can drive away in your new car
• At the end of the agreement, assuming all payments have been made and you exercise your option to buy, the car belongs to you.
Finance facts
How do I obtain a finance quote?
Call in to Blights Motors at Handy Cross, Clovelly Road, Bideford and speak to one of our helpful staff members who will be pleased to sit down with you and quickly obtain a comprehensive quotation for you.
What does APR mean?
APR stands for Annual Percentage Rate. When you borrow money on an agreement regulated by the Consumer Credit Act, lenders are required by law to quote this rate, which calculates the total amount of interest that will be paid over the whole term of the loan while taking into account any additional charges that the borrower has to pay. The APR allows you to compare the cost of finance from different lenders.
Will I get the advertised rate?
If you are accepted for finance with Ford Credit, the rate you will pay is the advertised typical rate for that car and is not affected by your personal circumstances.
How old do I need to be to apply for a loan?
You must be at least 18 years old to enter into a finance agreement under UK law.
Do you need to know my salary or outgoings?
The only personal details we need from you to be able to process your finance application are name, date of birth, contact and employment details and details of the bank account you would like us to set up the direct debit for. We will also need to know details of the vehicle you are purchasing, and the finance plan you have chosen. In some instances, we may require further information to support your finance application, in which case we will notify you via your Ford Dealer.
How long will it take to process my finance application?
In most cases, we will be able to obtain an online decision from Ford Credit within minutes.
Do you carry out a credit search?
Yes, we use information from major UK credit reference and fraud prevention agencies within our underwriting process. If you wish to obtain further information on how finance companies carry out credit scoring, the Finance and Leasing Association provide a consumer guide – you can find this at www.fla.org.uk.
Over what period of time can I take my finance?
We provide a variety of terms, from 12 to 60 months, dependent upon the finance plan you have chosen.
Do you charge any fees?
Our standard fees are: Finance Facility Fee £125 and Option to Purchase Fee £95. However, these fees may vary dependent on marketing promotions at the time.
How much can I borrow?
Subject to satisfying our normal credit criteria, Ford credit will lend up to the full amount of the vehicle being purchased, although in certain circumstances we may require you to contribute a deposit.
What information do I need to provide to Ford Credit when applying for finance?
In order to validate your identity, you will need to provide a full UK, or EU driving licence, with both photo-card and counterpart sections. In addition, a proof of address will be required – acceptable proofs of address are: a bank or credit card statement, utility or council tax bill, mortgage statement (all dated within the past three months) or your current vehicle's trade-in V5 document.
What happens after I've signed my finance agreement?
We will give you a copy of your finance agreement and the original will then be sent to us for processing. Once we have set up your account, you will be sent a second copy of your finance agreement with a Welcome Letter.
Do I have to put down a deposit?
In general Ford Credit does not have any minimum deposit requirements. Occasionally certain promotions may require minimum deposits, or in some circumstances we may require you to contribute a deposit. In these instances, your Ford Dealer will advise you of any deposit requirements.
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 insurance you will still be liable to repay your loan. We offer an excellent value comprehensive insurance product through Ford Insure, ask about the latest offers available.
FORD CREDIT NOW OFFER THE OPTION OF ONLINE ACCOUNT MANAGEMENT FOR EXISTING FORD CREDIT CUSTOMERS.
