PCP Finance Explained

Ford Options Finance Video

What is PCP Finance?

PCP (Personal Contract Plan) finance is a special type of finance plan whereby the buyer puts down a deposit and then agrees on a repayment plan that suits his or her needs over the next three years. Because of this, the finance provider can then remove part of the value of the vehicle (commonly called the ‘guaranteed minimum value’) in order to lower the amount that has to be financed by the buyer. This typically leads to lower monthly repayments therefore making it a much more affordable product for a majority of buyers out in the marketplace. The dealership, in turn, guarantees the Future Minimum Value of your vehicle when you return to change it.

Ford Options is a brand new Personal Contract Plan (PCP) Finance product that gives you huge flexibility and a lower monthly amount over the repayment period. Choose your deposit between 10 % – 30%, agree a monthly repayment that suits you and drive away with the added peace of mind of knowing your vehicle’s Guaranteed Future Value. At the end of your agreement, you can then choose to either Return, Retain or Renew your car! Available on Fiesta,Focus and B-Max.

Under Ford Options, you can drive:

  • A new Fiesta Zetec on Ford Options: from €158 a month.*
  • A new Focus Edge from as little as €245 a month*
  • A new B-Max on Ford Options: from €224 a month.*
  • A new Kuga on Ford Options: from €338 a month.*

At the end of the contract, you get to choose from the following 3 options:

Option 1 – Renew your Ford
With Ford Options, you can enjoy all of the benefits of a new car, more often. If you would like to renew your Ford you can trade it in at your Ford Dealer or sell it privately once you have settled your account. Any excess value over the GMFV (Guaranteed Min Future Value) can be used as a deposit towards your new Ford.

Option 2 – Retain your Ford
Ford Options also gives you the flexibility to own the car at the end of the agreement. All you need to do is arrange payment of the GMFV, which was deducted at the start of your agreement, plus the purchase fee.

Option 3 – Return your Ford
Your pre-agreed GMFV gives you protection against any unexpected fall in used car prices. 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.

Talk to: Liam, James, Carl or Sean in the main Ford Showroom for more details.

*Based on a Ford Options Plan with 30% deposit over 3 years. Lending criteria, terms and conditions apply. The Guaranteed Minimum Future Value* (GMFV) is payable if you renew or retain the vehicle at the end of the agreement. Further charges may be applied by your Ford Dealer subject to kilometre limits/condition of the vehicle. Finance is provided by way of a hire purchase agreement. Finance example is based on a fixed rate APR* of 5.9% and is inclusive of a once off documentation fee of €63.49. To qualify for this finance offer a minimum deposit of 10% applies and a maximum term of 37 months. The credit provider is Ford Credit which is a registered trading name of Bank of Ireland Leasing Ltd. Ford Options is available on selected Ford models at participating dealers only. Information correct at time of going to print, but subject to change. Further information on Ford Options can be found on Ford Ireland’s website.