Show Ford Motor Company Offers Cash Allowance On On- OnN New ew Cars DETROIT DETROIT April 1 1 Ford Motor Company has announced a spring break by offering a cash allowance under the 1987 Ford College Graduate Purchase Program Graduating seniors and advanced degree students can apply the cash allowance towards the purchase or lease of selected vehicles from participating Ford and Mercury Lincoln-Mercury dealers Additionally Ford Motor Credit Company will offer special terms and pre pre- approved credit for qualified individuals The program consists of a certificate for a cash payment when a purchase or lease of an eligible vehicle is made from a participating Ford or Mercury Lincoln-Mercury dealer and a certificate from Ford Credit for pre-approved pre credit for qualified buyers Seniors graduating with at least a bachelors bachelor's degree from a year four-year college or university and graduate students are eligible I. I Graduation must occur between October 1 1986 and September 30 1987 We realize that the purchase of a new vehicle may be difficult at a time when youre you're beginning your new career Ford management officials wrote the students So Ford Motor Company would like to offer you assistance with Fords Ford's College Graduate Purchase Program Letters are being mailed to more than 12 million students while more than 1300 colleges and universities are receiving information kits on the program Since only recipients with the purchase allowance and finance plan certificates h hin in their names are eligible those who were not included in the initial mailing should contact local Ford or Mercury Lincoln-Mercury dealers or Program Headquarters Headquarters Headquarters Head Head- quarters for information on how to qualify The eligible vehicles include those normally appealing most to the lifestyles of the new graduates 1987 1987 Ford Escort Tempo Mustang Thunderbird and Taurus cars and Ranger and Bronco II trucks and 1987 Mercury cars Tracer Topaz Cougar Sable and Lynx The credit available ranges from for Tracer to for a Thunderbird or Cougar and no down payment is required if the amount financed is within the amount established for the vehicle chosen In order to take advantage of Fords Ford's new and unique offer students must take their certificates to participating Ford dealers where the allowance can be used toward the down payment or may be taken as a cash payment direct from Ford Eligible vehicles can be selected from dealer inventories until August 31 1987 but production orders must be placed by June 1 To qualify for the pre-approved pre credit eligible participants must have proof of employment beginning within days of purchase at a salary sufficient to cover ordinary living expenses and the vehicle payment A previous credit w record is not required but graduates with prior credit cedit history must have made payments as agreed Students interested in further information can contact their local participating ing Ford or Mercury Lincoln-Mercury dealers or call Program Headquarters toll free at 1 In Michigan call collect |