The internet is filled with thousands of pages that contain information on various lease deals and where best to obtain them. The issue is that a lot of the important information gets diluted, leaving many with a headache and a poor deal in the worst case scenario.
It doesn't need to be a daunting experience though, because you can have a real conversation about leasing a Commercial Vehicle by calling or visiting your local Evans Halshaw Ford Transit Centre. Our Commercial Vehicle Specialists are always on hand to answer any questions you have and advise you on the best course of action to take based on your budget and requirements.
Evans Halshaw Ford are proud to offer two finance options: Ford Contract Hire and Ford Finance Lease.
Ford Personal Contract Hire
Sometimes you don't want the hassle of dealing with the long term requirements that come with owning a vehicle, which is why Ford Personal Contract Hire is ideal. In essence, you don't own the vehicle and you hand it back at the end of the agreement. You simply pay an advance rental, which is then followed by fixed monthly rentals. The agreement even includes road tax throughout, so there's one less thing to think about. The only things you have to do are the following:
- Decide what your agreement length will be (e.g. 48 months)
- Decide whether or not you want a maintenance plan putting in place
- Agree on your annual mileage (additional charges apply if you exceed this)
Ford Finance Lease
We appreciate that it's important to keep monthly payments as low as possible, which is why we offer Ford Finance Lease. This plan is available with or without a final balloon rental, although opting for the final balloon rental will ultimately result in lower monthly costs.
The bonus of this plan is that it offers plenty of flexibility, allowing you to settle your agreement early or extend the lease to a secondary term in exchange for the payment of a nominal annual fee. At the end of the initial contract period you will have three choices available to you to settle any balloon rental.
Ford Lease: Frequently Asked Questions
Contract Hire: Simply return the vehicle at the end of the agreement. Finance Lease: At the end of the your contract there are three options.
- Pay the balloon payment and keep the vehicle. This enters you into a second contract, up to 10 years, where you pay an annual fee. After this, you must return the vehicle to Ford Lease.
- Return the vehicle to Ford Lease.
- Sell the vehicle as Ford Lease's agent, paying any proceeds directly to Ford Lease.
The second and third options involve Ford Lease offsetting the proceeds of the sale against the balloon payment. You will be liable for the shortfall, (if any), but you will be entitled to keep any surplus should the vehicle sale price exceed the balloon payment.