Ford Motor Credit Co. - Specimen Bond

Specimen Bond printed by Security-Columbian Banknote Company. Available in Orange or Green. Please specify color. Ford Motor Credit Company LLC, known as Ford Credit, serves as the financial services arm of Ford Motor Company, with its headquarters located in Dearborn, Michigan. The core of Ford Credit's operations is centered on financing for Ford and Lincoln vehicles, along with providing financial assistance to their dealerships. The company primarily focuses on consumer automobile financing, dealership inventory financing, and leasing options. Ford Credit maintains a competitive position by offering attractive service and financing rate programs, many of which are backed by Ford. A significant advantage for the company is its comprehensive and consistent purchasing policies related to retail installment sales, lease agreements, and dealer financing, which have cultivated robust relationships with Ford's dealer network and strengthened its competitive position.

Beyond consumer vehicle financing, Ford Credit also provides commercial financing and credit lines to dealerships that market Ford Motor Company products. Additionally, the company oversees the issuance of commercial paper and various debt instruments for Ford. Ford Credit is the parent of Lincoln Automotive Financial Services, which is dedicated to financing Lincoln vehicles. In 2018, Ford Credit reported earnings before interest and taxes (EBIT) of $2.63 billion, an increase from $2.31 billion in 2017, representing its highest full-year earnings before taxes (EBT) in eight years. Nevertheless, this growth may face challenges as vehicle sales decline, evidenced by Ford Credit's return on equity (ROE) decreasing from 22% in 2017 to 14% in 2018, indicating potential difficulties for the segment in the future.