As reported exclusively in the October issue of AUTOMOTIVE FLEET, Ford is offering two programs for the Fairlane and standard Ford for 1964. The first program allows a credit of 75 per cent of the suggested retail prices of options on Ford and Fairlane models. The standard Ford credit is $125 with an $80 credit for Fairlane models.
The alternate plan is a guaranteed depreciation program which ranges from 3 per cent a month on a 12 month lease to 1.9 per cent a month on a 36 month lease with graduated rates for lease terms between 12 and 36 months. The plan was devised to make Ford products more competitive in the leasing and fleet market.
Months In Service | Depreciation Rate | Guaranteed Repurchase Rate |
|---|---|---|
12 | 3.000 | 64.00% |
13 | 2.838 | 63.10 |
14 | 2.700 | 62.20 |
15 | 2.580 | 61.30 |
16 | 2.475 | 60.40 |
17 | 2.382 | 59.50 |
18 | 2.300 | 58.60 |
19 | 2.226 | 57.70 |
20 | 2.160 | 56.80 |
21 | 2.100 | 55.90 |
22 | 2.100 | 53.80 |
23 | 2.100 | 51.70 |
24 | 1.100 | 49.60 |
25 | 2.080 | 48.00 |
26 | 2.070 | 46.18 |
27 | 2.050 | 44.65 |
28 | 2.030 | 43.16 |
29 | 2.020 | 41.42 |
30 | 2.000 | 40.00 |
31 | 1.980 | 38.62 |
32 | 1.970 | 36.96 |
