Ford has announced that it would allow any employee who loses his or her job within one year of purchasing a new car, truck or SUV to return it at no cost.
According to CNN’s report, the terms and conditions of Ford Promise Plan stipulate that Ford Credit will pay for the difference between the worth of the car and customer’s outstanding loan amount up to $15,000. ALG, a company that tracks used car values, say that should be enough to augment the loss in value for most vehicles of Ford.
This offer only applies to new or used Ford vehicles leased or financed through Ford Credit or used Lincoln vehicles leased or financed through Lincoln Automotive Financial Services.
However, there are restrictions which include the loss of job can’t be under 30 days of signing the purchase or lease contract, and the job loss must be involuntary. Also, self-employed individuals can take advantage of the offer if they’re forced to declare bankruptcy.
The offer applies only to vehicles bought or leased from June 26, 2020.
