1/1/2024 0 Comments Ford financeEliminating the separate FICO requirement opens the prospect of financing to more customers who would qualify for 84-month financing within our models regardless of their FICO score.” “Our proprietary scoring models do an excellent job of assessing the probability that an applicant will be able to pay,” Ford Credit spokesperson Margaret Mellott explained to Cars Direct. However, this doesn’t necessarily mean that anyone, regardless of their credit score, can walk into a Ford dealership and secure an 84-month loan on a vehicle. The Ford Credit policy change involves removing minimum FICO requirements for these longer loans, which would presumably make them available to more new vehicle shoppers than ever before. Regardless, a new Ford Credit policy change will help more people secure 84-month loans, according to a dealer bulletin seen by Cars Direct. In recent months, record new vehicle prices have spawned loans with longer terms, as much as 84 months in some cases, which helps bring down monthly payments but also comes with its own unique downsides. The community outreach contract will help ensure that community members are kept informed and their feedback is taken into account every step of the way,” said MTA Capital Construction President Michael Horodniceanu.Credit scores have always played a large role in one’s ability to finance a new vehicle, as well as the price one ultimately pays for that vehicle. “These design and environmental consulting contracts will enable us to take the next steps toward construction of the next phase of the Second Avenue Subway. Once service begins, the Q Train will operate on the Second Avenue line. Phase 1 of the Second Avenue Subway project is expected to open December 2016 and will include three new stations at 72nd, 86th and 96th Streets and an expanded station at 63rd Street and Lexington Avenue, currently used by the F train. The consultant will be responsible for graphics support, developing content and delivering flyers, newsletters and other notices, and assistance in addressing community concerns raised by community members and businesses and soliciting their input. The final RFP includes community outreach services for Phase 2 and covers assistance in the development, implementation and management of a community relations and outreach program and providing staff for a Community Information Center. The winning bidder for the environmental consulting contract will provide environmental engineering, scientific, technical and analytical services to complete the necessary environmental documentation required from the extended preliminary engineering through construction. The contract will also include technical information to support the supplemental environmental review process, preparation of the final design of the construction contracts and also technical services to support construction. The largest contract is for an engineering and design consultant and includes the update of the preliminary engineering design to reflect current design and operational criteria of MTA New York City Transit. “With the opening of first phase of the Second Avenue Subway planned for the end of this year, we are taking steps to ensure a seamless transition to the next phase of work ahead.” “Our goal is to fast-track Phase 2 to every extent possible, and if these efforts to speed up the project timetable are successful, the MTA will amend our Capital Program and seek additional funds to begin heavy construction sooner,” stated Thomas F. Phase 2 will extend the subway project to East Harlem in Manhattan and will feature three new stations at 106th Street, 116th Street and 125th and Lexington Avenue. New York City's Metropolitan Transportation Authority ( MTA) has announced Requests for Proposals (RFPs) for the first three contracts, which include design, environmental and community outreach services, for Phase 2 of the Second Avenue Subway.
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