Pricing Supplement No. 245 Dated May 22, 1995
(To Prospectus and Prospectus Supplement 
Dated May 4, 1994)
                                                  Rule 424 (b)(3)
                                                  Registration Statement
                                                  No. 33-53101
                      U.S.$6,000,000,000

                 FORD MOTOR CREDIT COMPANY

            Medium-Term Notes Due from 9 Months
               to 30 Years from Date of Issue

            Ford Motor Credit Company ("Ford Credit") has designated
$1,000,000 aggregate principal amount of its Medium-Term Notes Due from 9
Months to 30 Years from Date of Issue having specific terms set forth below. 
Goldman, Sachs & Co. have agreed to purchase the Notes at a price of 99.886%
of their principal amount for resale at an initial public offering price of
100% of their principal amount.  After the initial public offering, the
offering price may be changed.  


Issue Date:              June 1, 1995

Principal Amount:        $100,000,000

Interest Rate Basis:     LIBOR having an Index Maturity of three months 
                         plus 25 basis points
   
Interest Reset Dates:    Quarterly on March 1, June 1, September 1 and
                         December 1  
                         
Interest Payment Dates:  The 1st day of the months of March, June, September
                         and December commencing September 1, 1995
 
Stated Maturity:         June 1, 1999

Reference Agent:         Chemical Bank 




                       GOLDMAN, SACHS & CO.



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