A Guide To Your Ford Options Agreement
I want to return my car at the end of my Ford options agreement. What should I do? RFL is included in your agreement and is managed online by us. You can check the status at any time by visiting www.gov.uk/ check-vehicle Tax. Please note that if your vehicle is more than 3 years old (4 years old in Northern Ireland), the RFL cannot be renewed if a TÜV is long overdue. In this case, your insurance will not be valid and your company will be responsible for all subsequent costs. Additional costs will come into effect in accordance with any increase in vehicle tax throughout the agreement. In the same way that you can prematurely terminate a PCP agreement, you can also terminate an HP agreement. This means that you must have repaid 50% of the total amount of financing. However, with an HP deal, you usually reach the 50% refund point by half of the deal. If you have not refunded 50% of the total amount of financing, you can pay the difference and cancel it. The same rules for the car in good condition normally apply to HP. Please note that the condition of the car is assessed in accordance with our normal permitted wear and tear rules.
There are unique financing opportunities for individuals and businesses, as well as special packages for those who wish to finance a new Ford commercial vehicle. Get answers to your most frequently asked questions about Ford Options Fixed Monthly Rents. At the end of the contract, you must sell the commercial vehicle to a third party (non-balloon option is available). Kind of like the Ford Options plan. However, instead of the down payment and monthly payments, you pay a single deposit. They then pay nothing each month until the end of the contract term. You then have the same three options, return, holdback (and payment of the remaining optional balance) or renewal of the van. As a Ford Credit customer, you can access online account services. For example, you can change your bank account or address, get a billing number, or even request a call back from our customer service center. We will contact you before the end of your Ford options agreement to ensure that you have enough time to decide which option is right for you.
The Financial Conduct Authority (FCA) has said lenders should be fair to customers. So you shouldn`t try to take back possession of your car if you`re having trouble making payments. Before entering into a financing contract, it`s worth making your money – and always reading the fine print.