The Truth About Cars » Ford Credit http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Thu, 30 Jul 2015 22:00:51 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.2 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars » Ford Credit http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com Ford Unveils Carsharing Pilot Program For Select Ford Credit Consumers http://www.thetruthaboutcars.com/2015/06/ford-unveils-carsharing-pilot-program-for-select-ford-credit-consumers/ http://www.thetruthaboutcars.com/2015/06/ford-unveils-carsharing-pilot-program-for-select-ford-credit-consumers/#comments Wed, 24 Jun 2015 15:00:53 +0000 http://www.thetruthaboutcars.com/?p=1099089 Financing a Ford and looking to bolster your monthly payments? The automaker has an idea: rent your car to others. Ford owners financing their rides through Ford Credit can rent them out to other drivers through its Peer-2-Peer Car Sharing program, announced Tuesday evening. The pilot program will invite 14,000 and 12,000 owners “in six […]

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2015 Ford F-150

Financing a Ford and looking to bolster your monthly payments? The automaker has an idea: rent your car to others.

Ford owners financing their rides through Ford Credit can rent them out to other drivers through its Peer-2-Peer Car Sharing program, announced Tuesday evening. The pilot program will invite 14,000 and 12,000 owners “in six U.S. cities and London, respectively” to rent their vehicles to prescreened drivers on a short-term basis, with rental payments going towards paying down the note.

To enable this, Ford partnered with rideshare companies Getaround (U.S. market) and easyCar Club (London), whose respective “Web-based, mobile-friendly software” will handle all transactions.

The six U.S. cities selected to participate in the sharing program are the California cities of Berkeley, Oakland and San Francisco, as well as Portland, Chicago and Washington. The program is slated to run through November 2015.

(Photo credit: Alex L. Dykes/The Truth About Cars)

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Debt Rating Upgrade Fuels Ford Resurgence http://www.thetruthaboutcars.com/2010/01/debt-rating-upgrade-fuels-ford-resurgence/ http://www.thetruthaboutcars.com/2010/01/debt-rating-upgrade-fuels-ford-resurgence/#comments Tue, 12 Jan 2010 17:39:30 +0000 http://www.thetruthaboutcars.com/?p=341546 Despite Ford’s surging stock price, new models and rising customer confidence there’s always been that one bone of contention which had divided peoples’ opinion: debt. $35 billion of it. Though they’ve tried to restructure it, selling new shares and raising cash throughout 2009, it’s still a problem. But apparently it’s becoming less of a problem. […]

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On the upswing (courtesy:thestar.blogs.com)

Despite Ford’s surging stock price, new models and rising customer confidence there’s always been that one bone of contention which had divided peoples’ opinion: debt. $35 billion of it. Though they’ve tried to restructure it, selling new shares and raising cash throughout 2009, it’s still a problem. But apparently it’s becoming less of a problem. ABC news report that Fitch Ratings upgraded their assessment of the risk of Ford defaulting on its debt obligations, basing their optimistic view on a better economic environment, the company’s stronger margins, increased market share and cash position. Oh yes, and a small matter of $5.9b in federal DOE retooling loans [full Fitch release here]. Ford’s Credit unit also received a hearty slap on the back from Fitch because of its improving access to capital, as its rating was raised from “CCC” to “B-“. But let’s not get carried away. While this is a positive step in Alan Mulally’s vision of a sustainable Ford, the rating still qualifies Ford debt as non-investment grade.

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