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Encyclopedia > Ford Motor Credit Company

Ford Motor Credit Company is the financial services arm of Ford Motor Company, and is headquartered in Dearborn, Michigan. Financial services is a term used to refer to the services provided by the finance industry. ... “Ford” redirects here. ... Location in Michigan Coordinates: , Country United States State Michigan County Wayne County Government  - Mayor John B. O’Reilly, Jr. ...


Its business activities are concentrated primarily in the area of automobile loans in support of its parent company. The company offers consumer loans and leases to car buyers, as well as business loans and lines of credit to dealerships selling Ford Motor Company products. The firm also issues commercial paper and other debt instruments on Ford's behalf. In economics, a business is a legally-recognized organizational entity existing within an economically free country designed to sell goods and/or services to consumers, usually in an effort to generate profit. ... “Car” and “Cars” redirect here. ... A loan is a type of debt. ... Commercial paper is a money market security issued by large banks and corporations. ... For other uses, see Debt (disambiguation). ...


Ford Credit, as it is popularly known, is analogous to GMAC (General Motors Acceptance Corporation), the credit and lending arm of competitor General Motors. General Motors Acceptance Corporation (or GMAC) was the financial services arm of General Motors, the worlds largest automobile manufacturer (by revenue). ... Credit as a financial term, used in such terms as credit card, refers to the granting of a loan and the creation of debt. ... The term credit can have several meanings in different contexts. ... General Motors Corporation (NYSE: GM), also known as GM, is an American automobile maker with worldwide operations and brands including Buick, Cadillac, Chevrolet, GMC, Holden, Hummer, Opel, Pontiac, Saturn, Saab and Vauxhall. ...


Ford Credit also owns PRIMUS Financial Services, formerly known as Primus Automotive Financial Services. PRIMUS specializes in non-Ford financing by providing private-label financing to other Ford owned but not Ford badged brands such as Mazda, Jaguar, Volvo, and Land Rover.


Primus was formerly known as Marine Midland Automotive Financial services (MMAFC) and was owned by Marine Midland Bank of Buffalo, New York. Ford Credit bought MMAFC in 1990 and moved the headquarters to Nashville and later Franklin, Tennessee. Nickname: Location of Buffalo in New York State Coordinates: , Country State County Erie Government  - Mayor Byron Brown (D) Area  - City 52. ...


External links

  • Ford Motor Credit

  Results from FactBites:
 
Ford Motor Credit Company - Wikipedia, the free encyclopedia (140 words)
Ford Motor Credit Company is the financial services arm of Ford Motor Company, and is headquartered in Dearborn, Michigan.
Its business activities are concentrated primarily in the area of automobile loans in support of its parent company.
Ford Credit, as it is popularly known, is analogous to GMAC (General Motors Acceptance Corporation), the credit and lending arm of competitor General Motors.
FORD MOTOR CREDIT COMPANY v. TWIN CITY BANK (2859 words)
The debtor and Ford Motor Credit Company have agreed that Ford Credit is entitled to continue to have its cash collateral handled in the manner that had been jointly approved by the parties prior to filing the petition for debtor relief.
Ford Credit shall be permitted to keep a representative on the debtor's premises to assure that Ford Credit receives the portion of proceeds of any sale to which it is entitled, the amount necessary to discharge the secured debt on each individual unit;
On February 22, 1994, Ford Motor Credit filed its own motion for summary judgment and asserted that it was entitled to judgment for conversion against TCB as a matter of law.
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