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Just like Hyundai a few months ago and GM will start next month, Ford has also launched a new plan to improve consumer confidence and hopefully spark sales.
The Ford Advantage Plan will cover a buyer's vehicle payments for up to 12 months if there is a job loss (up to $700 a month). In addition Ford is also offering zero percent interest on many of its vehicles. Lastly Ford is also working with dealers throughout the country to assist local charities impacted by the economic downturn.
The Ford Advantage Plan starts today and runs until June 1, 2009.
PRESS RELEASE:
FORD INTRODUCES BEST-IN-INDUSTRY PLAN TO IMPROVE CONSUMER CONFIDENCE, JUMP-START VEHICLE SALES
* Ford leads the industry in boosting consumer confidence with the new Ford Advantage Plan
* Ford will cover payments for up to 12 months on any new Ford, Lincoln or Mercury vehicle if customers lose their jobs
* 0 percent financing is also offered through Ford Motor Credit on select Ford, Lincoln and Mercury vehicles
* Ford also is working with its dealers to introduce a local charity support program
DEARBORN, Mich., March 31, 2009 – Ford Motor Company is introducing the most comprehensive program available to boost consumers' buying confidence and begin rebuilding the American economy with the new Ford Advantage Plan.
The plan gives customers another reason to "Drive One" with payment protection of up to 12 months on any new Ford, Lincoln or Mercury vehicle, 0 percent financing on select vehicles and added local charity support.
"Consumers remain anxious about the economy and their own outlook for the future. We at Ford want to do our part to rebuild faith in the marketplace by offering payment protection on every new Ford, Lincoln or Mercury vehicle for up to a year if our customers lose their jobs," said Ken Czubay, vice president of Sales and Marketing.
"Just as important is additional charity support we will provide in conjunction with our local dealers, who are mindful of how non-profit organizations are struggling during this economic downturn," Czubay said. "Ford and our dealers have always stepped up to take an active lead role in the community, and that's why we are also including a charity element as part of the Ford Advantage Plan."
Ford Commitment to Local Communities
In 2008, more than 18,000 Ford U.S. employees volunteered 100,000 hours to help people in their local communities – that's the equivalent of nearly $2 million dollars of in-kind corporate contributions. To continue the momentum, in April, Ford will introduce a program in partnership with its dealers throughout the country to assist local charities impacted by the economic downturn. Ford will announce complete details of this expansive community outreach effort in April.
All Ford, Lincoln and Mercury vehicles are covered under the Ford Advantage Plan. The program runs from today through June 1.
In addition to providing 12 months of payment protection of up to $700 per month, customers can take advantage of 0 percent financing on select Ford, Lincoln and Mercury vehicles through Ford's financing partner, Ford Motor Credit.
Additional Peace of Mind – Ford Quality, Safety and Fuel Efficiency
When selecting their next Ford vehicle, customers also can take comfort in knowing that Ford's newest vehicles are the best or among the best in fuel economy and cost of ownership.
The Ford Fusion and Mercury Milan are America's most fuel-efficient mid-size sedans, and the Fusion has a higher residual value than the Toyota Camry after three years of ownership, according to the Automotive Leasing Guide (ALG).
Ford maintains strong residual values throughout its product lineup. Vehicles with strong residual values retain more of their value at the end of their lease contract period. The 2009 Ford F-150 recently received a "Residual Value" award from ALG for retaining the highest percentage of its original price among 2009 full-size light duty pickups at the end of a conventional three-year lease, based on ALG projections. The Ford Escape has a 10-point residual value advantage versus the Chevrolet Equinox after three years of ownership, and the Ford Focus has the highest residual value of any domestic product in the small car segment.
"Ford's improvements in quality have contributed significantly to our year-over-year improvements in residual values," added Czubay.
In addition, Ford's quality is now on par with Toyota and Honda, and Ford continues to have more top safety picks than any other brand.
"This is the strongest product lineup we have ever offered," Czubay said. "When you combine these great products with payment protection, 0 percent financing and support for local charities, customers can feel confident about getting back into the market for a new car or truck."
# # #
Ford Motor Company
Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 213,000 employees and about 90 plants worldwide, the company's wholly owned brands include Ford, Lincoln, Mercury and Volvo. The company provides financial services through Ford Motor Credit Company. For more information regarding Ford's products, please visit www.ford.com.
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Comments (13)
Go Ford Motor Company!!
Now, attract a deal for me!
4 banger Fusion or Focus.... hmm... goin for fuel economy.
Long lived the most historic auto company!
Posted by Bradford | March 31, 2009 9:54 AM
Posted on March 31, 2009 09:54
maybe i will upgrade to a 2010 mustagn gt
Posted by Luis R | March 31, 2009 10:18 AM
Posted on March 31, 2009 10:18
I think the wife and I should trade in our Toyota and Honda and get a Flex and a Fusion.
Ford deserves the business.
Time to talk to the wife.
Posted by zippy | March 31, 2009 10:21 AM
Posted on March 31, 2009 10:21
Wow, Ford is truly on a roll!!!
Not only are they improving their vehicle quality, but they are also offering compelling reasons to buy their cars. They are finally getting there.
I hope people respond well to all the effort they are putting into their business. I would certainly consider a Ford in the future if they offer a vehicle that is more compelling that say a Mazda.
Posted by Mazda6 Guy | March 31, 2009 10:31 AM
Posted on March 31, 2009 10:31
I can honestly say that purchasing a Ford has crossed my mind more than a couple of times lately. Their cars are looking better, reliability is up, and most importantly, they didn't beg the gov for my (and my future great great great grand kids) money to save them.
Now if they can do a 0% interest on a Mustang GT I'd probably pull the trigger over a Genesis coupe, which BTW looks even better in person.
We already plan on replacing my wife's 06 Sonata with a Fusion Hybrid later this year... Nothing wrong with the Sonata but 45mpg in a full size is very appealing. The gas savings alone should almost degate any increase in payments.
Posted by Gary | March 31, 2009 11:19 AM
Posted on March 31, 2009 11:19
Opps, should be "almost negate any increase in payments."
Posted by Gary | March 31, 2009 11:21 AM
Posted on March 31, 2009 11:21
Sounds compelling... I'd trade in my MINI Cooper S for a Mustang GT if the Cooper was running to crap... if the GT had a good suspension, I tell you I would be trading in pronto..
Ford has been doing very well lately. I think I can safely add them to my list of manufacturers to test drive when purchasing my next new car.
Posted by Joan of Arc | March 31, 2009 11:46 AM
Posted on March 31, 2009 11:46
I would consider a new F-150 truck, but I'm cautious about the gas prices increasing. Second choice is the Flex. Of all the American car companies, Ford seems to be leading on it's own- and with a union as well. I like my 06 Mustang GT to much to justify the 2010 model, since they didn't really change the suspension or performance all that much, and it's almost paid off...
Posted by sparky | March 31, 2009 1:16 PM
Posted on March 31, 2009 13:16
"Lastly Ford is also working with dealers throughout the country to assist local charities impacted by the economic downturn."
That quote says it all about Ford. Great car company.
Posted by SteelCity1981 | March 31, 2009 6:12 PM
Posted on March 31, 2009 18:12
It's amazing to see the opinions of Ford expressed in TR today compared to a year or two ago. It's pretty much 180 degrees the other way.
I got a chance the past couple weeks to read a couple in-depth articles on the technical side of the Fusion Hybrid. Very interesting how they cast off in a different direction than Toyota, and themselves for that matter. Having driven plenty of Escape Hybrids, i was less than impressed with it and even asked why it was built. Looking forward to taking the new Fusion for a grip when it hits the road.
Posted by Trooper Bri | March 31, 2009 7:29 PM
Posted on March 31, 2009 19:29
@Trooper:
Shows what can be done with a little work by car companies. If you would have told me I'd be interested in a Ford and Hyundai 3 years ago I would have laughed...
Posted by Gary | March 31, 2009 8:54 PM
Posted on March 31, 2009 20:54
I think when Ford rejected the gov bailout last year for their company, that earned them a lot respect amongest the general public.
Posted by SteelCity1981 | March 31, 2009 10:37 PM
Posted on March 31, 2009 22:37
@sparky
the trac pack makes a huge difference on the 2010 mustang, i drove one last weekend. i was shocked. Live rear axel never crossed my mind
Posted by muscleoverrice | April 1, 2009 7:42 AM
Posted on April 1, 2009 07:42