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Dealers
Colin Mathews
While GM and Chrysler ask the Federal government for more money, Ford is offering to lend it to buyers who purchase any one of their new products. Offering up to 12 months of car payments for new Ford owners who lose their jobs, Ford's new Advantage Plan quadruples Hyundai's Assurance Plus Program.
The deal will provide up to 12 months of payments up to $700, takes effect today, and runs through June 1. Ford Motor Credit will also be extending zero percent financing for qualified buyers of select Ford, Mercury, and Lincoln vehicles.
For also says a charity program, in partnership with its dealers nationwide, will be coming in April. Their plan: assist local charities impacted by the economic downturn. Over 18,000 Ford employees donated a total of 100,000 hours in 2008 to local communities, an amount Ford claims is equal to roughly $2 million in in-kind corporate contributions. Ford intends their April charity program to build upon that outreach.
Car DealerEnlarge Photo While GM and Chrysler ask the Federal government for more money, Ford is offering to lend it to buyers who purchase any one of their new products. Offering up to 12 months of car payments for new Ford owners who lose their jobs, Ford's new Advantage Plan quadruples Hyundai's Assurance Plus Program. The deal will provide up to 12 months of payments up to $700, takes effect today, and runs through June 1. Ford Motor Credit will also be extending zero percent financing for qualified buyers of select Ford, Mercury, and Lincoln vehicles. For also says a charity program, in partnership with its dealers nationwide, will be coming in April. Their plan: assist local charities impacted by the economic downturn. Over 18,000 Ford employees donated a total of 100,000 hours in 2008 to local communities, an amount Ford claims is equal to roughly $2 million in in-kind corporate contributions. Ford intends their April charity program to build upon that outreach.
Responses (2 total)
By Ted #1, Posted: 3/31/2009
Sales
WOW...12 months, for payments up to $700.00.
By Curt VandeVorde #2, Posted: 4/22/2009
President
The most important factor to look for in these programs is how long the vehicle buyer is protected against losing his/her job. Under the Ford program the buyer has to lose his/her job before January 1, 2010. That means that the later an individual waits to purchase a Ford vehicle the less time he/she has as a coverage period. Under the GM program,vehicle buyer is protected for 21 months after a 90 day exclusionary period to lose his/her job and still receive payments. So if a vehicle is purchased today, under the Ford program there is only 7 months and 8 days in which the purchaser could lose his/her job, but the GM purchaser is covered until April 22, 2011! What's the better deal?
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