Ford PH, BPI team up to offer auto loans to customers

Cars are becoming more of a necessity now because of the pandemic. If you feel that you’re ready to bring home a new ride, Ford Philippines can help. The carmaker has joined forces with BPI, the longest-operating bank in the country, to offer flexible auto loans and exclusive discounts. 

Ford Philippines and BPI make it easier for customers to own a car

“With this partnership, we also see the opportunity to work even more closely with the Ford dealer network nationwide, so we can better service their customers in the dealerships,” said BPI Retail Lending Group Head Dennis Fronda. “We see opportunities to add value to each of our institutions and grow sustainably in spite of the pandemic.”

The alliance brings easy-to-own financing plans to customers looking to purchase their very own Ford Ranger midsize pickup, Ford Territory compact crossover, and Ford Everest midsize SUV. These loans not only allow savings on purchases, but also feature low down payments, low interest, and low monthly amortization options.   

Clients can choose to have their auto insurance bundled with the auto loan amortization

BPI clients can avail of different financing programs depending on their needs. The Step Up PayPlan, for instance, lowers the monthly amortization for the first two years of the contract. Those who prefer to package their insurance premium payments with the auto loan amortization can choose the Auto Loan Multiyear Protect, eliminating the hassle of having to renew the insurance coverage on an annual basis.   

If you happen to have a substantial amount of cash in your BPI account, you could qualify for the Zero Cash Out offer. The money will be effectively held by the bank as down payment on your auto loan, with no need to make a withdrawal. As bonuses, BPI will subsidize the cost of insurance, chattel mortgage fees, and at least the first month of the auto loan amortization. 

Savings held by a BPI client's account can be used as downpayment on a brand-new Ford 

According to Ford Philippines Managing Director Mike Breen, the partnership expands the carmaker’s network of banking partners, giving customers more choices as well as opportunities to make their ownership experience as easy as possible. 

BPI is one of the biggest and most trusted banks in the Philippines, and this partnership will allow us to tap into their large stable customer base and nationwide presence,” he said. “This partnership will give our customers a new banking partner that will extend exclusive offers, competitive rates, and flexible financing programs under a well-established auto loan program.” 

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