Ford PH, BPI collaborates to offer attractive auto loan deals to customers

Ford Philippines and Bank of the Philippine Islands (BPI) have forged their latest collaboration that will help customers get their dream vehicles via flexible loans and exclusive discounts.

Ford Philippines Managing Director Michael Breen said that the partnership with BPI helps “expand its network of banking partners for customers that will make the purchase and ownership experience easier and hassle-free.”

“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. 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,” Breen explained.

The partnership features easy-to-own plans for the Ford Ranger, Ford Territory, and Ford Everest. 

For his part, BPI Retail Lending Group Head Dennis Fronda said the recently-inked alliance with the Blue Oval’s local arm gives their clients a better opportunity to own a Ford, especially during these times when people are looking for a safer way to travel amid the pandemic.

“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. We see opportunities to add value to each of our institutions and grow sustainably in spite of the pandemic,” Fronda explained, adding that Ford Philippines is among the preferred brands of BPI customers.

He cited the suite of BPI Auto Loan financing programs that customers can choose from to fit their needs. These are the following:

• Step Up PayPlan (low monthly amortization during the first two years of the loan), 
• Auto Loan Multiyear Protect (insurance and loan amortization bundle), and;
• Zero cash out (drive now, pay later).

Further, Fronda shared that the demand for cars has been increasing despite the current situation. According to him, monthly applications from BPI’s website tripled throughout 2020. Aside from that, total online applications for the first seven months of 2021 grew 37 percent compared to the same period last year.

Photos from Ford Philippines and Bank of the Philippine Islands

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After less than a year, Ford PH sells more than 5,000 Territory units