Gates Ford Personal Vehicle Financing - Cars

Here at Gates we offer personal finance solutions to suit all budgets. Below is a summary of the Personal Vehicle Finance plans currently available.

To find out more information regarding any of the plans listed, click here for our guide to Personal Vehicle Finance from Ford. Alternatively, visit your local Gates Ford Dealership in Essex and Herts where our fully trained staff will be happy to answer any questions you may have and guide you through the process.


Ford Acquire

Deposit followed by monthly payments- you own the car at the end of the agreement

Convenient to arrange and with flexible terms to suit your needs, Ford Acquire is our traditional hire purchase plan.

Plan features:
■ Traditional form of car financing
■ Interest rate fixed for the loan duration
■ Fixed monthly payments to suit your needs
■ A choice of repayment periods ranging from 12 to 60 months
■ A deposit may not be required
■ At the end of the agreement, assuming all payments (including the Purchase Fee) have been made, you own the car

How Ford Acquire works:
1. You decide on the Ford car you want to buy
2. Choose the deposit you want to pay and your preferred repayment period
3. Gates will be able to provide you with an instant quotation showing your monthly payments which are based on the amount financed plus interest and the Finance Facility Fee
4. Once you are happy with your quote, Gates will submit your application to Ford Credit
5. When the finance documentation is complete, you can drive away in your new Ford car
6. At the end of the agreement, assuming all payments including the Purchase Fee have been made, the car belongs to you.

Ford Options

Deposit followed by monthly payments and Optional Final Payment

Our Personal Contract Purchase plan where your monthly payment is lower when compared to a Ford Acquire agreement of the same length and deposit.

Plan features:
■ Fixed monthly payments to suit your needs
■ Interest rate fixed for the loan duration
■ Your Optional Final Payment is the anticipated future
value of your vehicle assuming its mileage and condition
is as agreed when you signed your agreement
■ Flexibility at the end of the agreement
■ The option to own the car at the end of the agreement

How Ford Options works:
1. You decide on the Ford car you want to buy
2. Tell us your anticipated mileage
3. Choose the deposit you want to pay and your preferred repayment period (24 or 36 months)
4. Gates will be able to provide you with an instant quotation showing your monthly payments. These payments are based on the amount finance which is calculated from the car price less your deposit and the Optional Final Payment, plus interest and the Finance Facility Fee
5. Once you are happy with your quote, Gates will submit your application to Ford Credit
6. When the finance documentation is complete, you can drive away in your new Ford car

At the end of the agreement you have three options:

i. RENEW: Choose another car

You can trade in your old car, or sell it privately if you prefer. You must settle your account, and then you may use any excess value over your Optional Final Payment as a deposit on your next Ford car.

ii. RETURN: Hand the car back

You'll have nothing further to pay, providing the car is in good condition and the agreed mileage hasn't been exceeded.


iiI RETAIN: Keep the car

If you decide to keep the car, assuming all payments have been made, you just need to pay the Optional Final Payment plus the Purchase Fee and it's yours to drive away.

Ford Options Cashplan

Advance payment and Optional Final Payment- no monthly payments

Ford Options Cashplan is ideal if you want to put down a large cash deposit and do not want to be tied to monthly instalments.

Plan features:
■ No monthly payments
■ Your Optional Final Payment is the anticipated future value of your vehicle assuming its mileage and condition is as agreed when you signed your agreement
■ Flexibility at the end of the agreement
■ The option to own the car at the end of the agreement

How Ford Options Cashplan works:
1. You decide on the Ford car you want to buy
2. Tell us your anticipated mileage and preferred repayment period
3. Gates will calculate your advance payment which is the difference between the purchase price of the car and the Optional Final Payment, plus interest and the Finance Facility Fee
4. Once you are happy with your quote, Gates will submit your application to Ford Credit
5. When the finance documentation is complete, you can drive away in your new Ford car.

At the end of the agreement you have three options:

i. RENEW: Choose another car

You can trade in your old car, or sell it privately if you prefer. You must settle your account, and then you may use any excess value over your Optional Final Payment as a deposit on your next Ford car.

ii. RETURN:Hand the car back

You'll have nothing further to pay, providing the car is in good condition and the agreed mileage hasn't been exceeded.

iii. RETAIN: Keep the car

If you decide to keep the car, you just need to pay the Optional Final Payment plus the Purchase Fee and it's yours to drive away.

Ford Personal Lease

Advance rental followed by fixed monthly rentals- the vehicle is returned at the end of the agreement.

This simple, alternative funding is ideal if you don't want to own your vehicle.

Plan features:
■ Pay fixed monthly rentals for the duration of the agreement
■ A choice of repayment periods ranging from 24 to 48 months
■ No disposal or resale issues as you simply hand the vehicle back at the end of the agreement

Your agreement includes:
■ Road Fund Licence for the term of the agreement
■ Vehicle breakdown cover for the UK and European travel
■ Free replacement vehicle for up to 48 hours in the event of a breakdown attended by the AA if the vehicle cannot be repaired at the roadside
■ Optional maintenance and servicing packages (at additional cost). Ask your Ford Dealer for details.

How Ford Personal Lease works:
1. Select the Ford car you want
2. Choose the hire period that's right for you (between 24 and 48 months)
3. Choose your maintenance option
4. Choose your annual mileage
5. Gates will calculate your advance rental and fixed monthly rental
6. At the end of the agreement, you simply return the vehicle to us, take out a new Ford Personal Lease agreement and collect the latest model*.


*Further costs may apply subject to mileage and condition. You will not own the vehicle at the end of the agreement.
Important information

Ford Options and Ford Options Cashplan Wear and Tear policy:

When returning the vehicle, the car's condition is assessed in accordance with our wear and tear guidelines. We can provide you with full details once your agreement is up and running.

Ford Personal Lease Fair Wear and Tear policy:
Our policy is supported by the British Vehicle Rental and Leasing Association to describe the condition of a vehicle, which is considered acceptable and appropriate given its age and mileage at the end of the agreement. Ford Lease will only charge for damaged or missing items in excess of this 'fair wear and tear' policy. You can download a copy of these guidelines by visiting www.ford.co.uk.

Your protection:
Ford Credit is a member of the Finance and Leasing Association (FLA) and adheres to their Lending Code. The code sets out key commitments and principles that we believe are fundamental in providing excellent customer care. As well as setting out industry guidelines, the FLA offers a Conciliation and Independent Arbitration Scheme for complaints less than eight weeks old. For more information please feel free to ask our Customer Service team or contact the FLA direct on 0207 836 6511. If your complaint is still not closed to your satisfaction after a period of eight weeks, you have the legal right to escalate the complaint to the Financial Ombudsman Service (FOS) by calling 0845 080 1800.


Ford Credit:
Finance subject to status. Guarantees may be required. Freepost Ford Credit.

Ford Personal Lease:

Ford Personal Lease is provided by ALD Automotive Limited, trading as Ford Lease, Oakwood Park, Lodge Causeway, Fishponds, Bristol, BS16 3JA. ALD Automotive
is registered in England No. 987418. For the purposes of the Data Protection Act 1998 the data controllers in relation to any information you supply are Ford Motor Company Limited, FCE Bank Plc and ALD Automotive. Finance subject to status, Guarantees and indemnities may be required. ALD Automotive is authorised and regulated by the Financial Conduct Authority.

Treating Customers Fairly:
Treating Customers Fairly is a core principle at Ford Credit and Ford Lease. This forms a cornerstone of how we do business with all our customers and is embedded in our company culture. If, at any time, you believe that we have failed to live up to this principle please contact us.
Ford Credit: 0845 712 5490
Ford Lease: 0844 600 1405

Ford Credit is a trading style of FCE Bank Plc. which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under firm reference number 204469. PVF034