Applicable to any pre-Euro 5 vehicle, registered before December 2009, the scheme will enable eligible consumers to benefit from of a scrappage incentive of between £2,000 and £7,000 on a variety of Ford models, including the new high-tech Fiesta and Transit Custom, Britain's most popular auto and van respectively.
The scheme will run until the end of December 2017 and United Kingdom motorists will be able to trade in cars from any manufacturer that are over seven years old.
The auto giant is seeking to improve air quality levels in the United Kingdom, but has moved beyond incentivising new vehicle purchases by offering drivers discounts to trade in older models registered before December 2009.
Under the new scheme, incentives are available on a variety of Ford models, with customers typically getting £2,000 off cars priced up to £20,000.
Andy Barratt, managing director of Ford in Britain, said that removing the most polluting vehicles would have an immediate and positive effect on air quality.
"Air quality is a much bigger debate and getting older vehicles off the road is part of that", he said on BBC Radio 4's Today show.
'We don't believe incentivising sales of new cars goes far enough and we will ensure that all trade-in vehicles are scrapped.
Under the plan, owners of any make of auto or van, including petrol and diesel, that took to the road before 2010 can get the incentive.
Ford Motor Co. became the latest automaker to offer cash to United Kingdom drivers if they scrap the most polluting vehicles on the roads, targeting about 15 million cars and vans across the country.
Other auto manufacturers are predicted to follow Ford and the other brands.
The UK government is yet to announce any scrappage scheme, aiming to take polluting vehicles off the road.
The vehicle giant said combining the incentive with other standard offers could give customers £4,000 off a auto and £7,000 off the cost of a van.
The scrappage scheme begins on September 1 and will last only four months.
Ford is the latest manufacturer to offer such an initiative.
New models are required to have engines compliant with the latest Euro VI standard which means they pump out significantly less nitrogen oxides (NOx) than the cars they will replace.
Until December 31, any diesels made between 1992 and 2010 are eligible for trade-in as long as you've owned the auto - regardless of brand - for longer than six months. They both also restrict the models you can have in return, with BMW limited the options to its range of cars with Carbon dioxide outputs below 130g/km and Mercedes only offering savings on new diesel models, hybrids and Smart electric cars.
Ford joins BMW, Mercedes and Vauxhall in offering customers money to trade in their Euro IV and earlier vehicles for modern, cleaner machines.