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Know Your Ford OPTIONS

Posted: February 14, 2017

What if we told you that there’s a way for you to drive a brand new Ford with a finance package tailored to suit your needs? Introducing For OPTIONS – the brand new way to drive a brand new Ford.

So what exactly is Ford OPTIONS and how does it work? Being Ford’s newest finance package that is tailored to your needs, the monthly repayments are lower than traditional finance. Sound good? There’s more! Ford OPTIONS works to your advantage because the cost of your new Ford is divided into 3 parts, calculated according to your unique needs.

To start, you choose your deposit amount and how long the agreement must last – 24, 36 or 48 months. You also need to identify your anticipated annual mileage – 20 000km, 30 000km or 40 000km.

Ford will then deduct your deposit and the Guaranteed Future Value (GFV) at the beginning of the agreement and your monthly payments will be based on the balance, as well as the interest on this and the GFV.

So what is the Guaranteed Future Value (GFV)? This is the value of the vehicle at the end of your agreement. When this period is reached, you have 3 choices on how to proceed.

  1. You can renew your agreement and choose another vehicle. The way this works is similar to a trade in where you return your existing Ford in trade for a brand new Ford.
  2. You also have the option of retaining your existing Ford. You can do this either by paying or refinancing the GFV.
  3. Finally, you can return the vehicle.

If Ford OPTIONS is something that interests you, then be sure to get in touch with us on 011 531 3000 or visit us at 616 Louis Botha Avenue, Bramley, Sandton.