Ford Media Center


Wednesday 2nd November, London – Ford Credit, the financial services arm of Ford Motor Company, is pleased to announce it has reached the 2 million customer milestone for its industry-leading flexible Options product in the UK.

As the first automotive finance company to offer flexible Personal Contract Purchase (PCP) products in the UK, Ford Credit has a long history of supporting customers with its innovative car financing products and services.

Nearly 30 years later, as it celebrates it 2 millionth customer milestone, Ford Options remains at the forefront of consumer car finance, providing drivers with flexibility and support to meet their ever-changing needs.

An all-electric future

At present, the business’ primary focus is on supporting customers through the current cost-of-living crisis, helping them keep their vehicles and stay on the road as they navigate potential changes to their financial situation.

Looking to the future, however, Ford Credit is focused on creating finance solutions that meet the needs of consumers looking to transition to an electric vehicle.

The business is developing its Options product to offer more flexibility, including different terms so that consumers can enjoy the long-term benefits of EVs more easily. While some EVs have higher upfront costs than their petrol or diesel equivalent, many drivers are unaware that their total cost of ownership can be more attractive over the long-term, particularly with the price of gas rising, higher maintenance costs and additional charges on petrol and diesel cars, i.e. ULEZ, etc.

Ford Credit’s flexible finance options can help with the initial upfront cost of an EV, as well as providing additional protection against the risk of vehicle depreciation.

Ford Credit is also piloting a range of products to support with the transition to electric vehicles more broadly, including financing options for EV accessories, such as home charging units, and subscription services.

Net zero goals

These initiatives are part of Ford’s broader push towards an ‘all-electric’ future in the coming years.

Ford will launch three new electric cars, in addition to Mustang Mach-E already available, and four electric commercial vehicles in Europe by 2024, with plans to sell over 600,000 EVs across the region by 2026. Together, these initiatives will help Ford achieve its goal of zero emissions for all vehicle sales and carbon neutrality across its European footprint of facilities, logistics and suppliers by 2035.

Commenting, Carlos Treadway, CEO of Ford Credit Europe, said:

“Customers’ needs are changing - the way they want to purchase their vehicles and engage with Ford Credit is changing as are the types of vehicles they are choosing. But we know customers; we’ve been doing this for a number of years supporting over two million customers with our Options product.  We're continually looking ahead and already learning from our first electric Mach-E customers to understand their needs. Alongside Ford, we are helping customers transition to electric with advice on total-cost-of-ownership and charging solutions, and not just that but we’ll support them through the ownership cycle.

“As vehicles become more connected we’re also exploring how to best support other non-vehicle services customers desire that can be enabled through the car. As I said there are other companies that provide auto financing but there’s not companies that know Ford customers like we do.”

In recognition of reaching its 2 millionth customer milestone, Ford Credit celebrated by awarding the first 30 customers past the 2 million mark a refund on the first monthly payment of their finance package.


About Ford Credit Europe

Ford Credit Europe is a leading automotive financial services company operating in 11 European markets. It provides a variety of branded automotive financial products and services to Ford customers and dealers in support of the sale of Ford vehicles. Ford Credit Europe Bank is a subsidiary of Ford Credit, which is a subsidiary of Ford established in 1959. For more information, visit or

About Carlos Treadway

Carlos Treadway is the Chief Executive Officer of Ford Credit Europe (FCE) and responsible for 11 European markets, effective November 2021. Operating as a licensed bank, FCE provides a variety of branded automotive financial products and services to Ford customers and dealers. As Ford Money, FCE also offers savings products to customers in the UK and Germany.

Since beginning his Ford Credit career as a customer services representative in Fort Lauderdale, Florida, Carlos has had a broad, global career with increasing responsibilities over the past 28 years. He originally moved to the UK as FCE executive director marketing and sales, after serving as Ford Motor Credit Company’s vice president for North American Business Center Operations. Prior to this Carlos spent close to seven years in China as president of Ford Automotive Finance China, regional operations director, and business development manager for Ford Credit Asia Pacific.

As CEO Carlos is focused on delivering lifetime customer relationships, integrated go-to-market strategies, innovative financing solutions to support Ford’s electrification plans, operational efficiency, and strong risk management with regulatory compliance.

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