How does it work?
Deposit: This is deducted from the price of the commercial vehicle.
Monthly payments: calculated by deducting the deposit and optional final payment from the price of the commercial vehicle. The balance, plus any interest and fees is then split into equal monthly payments depending on the length of your agreement.
Optional final payment: also deducted from the price of the commercial vehicle and is due at the end of your agreement. It is the anticipated future value of your commercial vehicle assuming its mileage and condition is as agreed when you signed your agreement.
What are the features and benefits?
You have three options at the end of your agreement:
- Choose another Ford vehicle – you can trade your old commercial vehicle in or sell it privately. Once you’ve fully settled your account (including the optional final payment) any money left may be used as deposit for your new vehicle.
- Hand the vehicle back – assuming all monthly payments have been made, you’ll have nothing further to pay, providing the commercial vehicle is in good condition and the agreed mileage hasn’t been exceeded.
- Keep vehicle – if you decide to keep the commercial vehicle, assuming all monthly payments have been made, you just need to pay the optional final payment plus the purchase fee and it’s yours to drive away.
What are the next steps?
1. Configure your vehicle
To get a monthly payment quote and apply online, you’ll first need to select and configure the vehicle of your choice.
2. Get a quote
Your Ford dealer will be able to provide you with an instant quote showing what your monthly payments would be. You will need to make a few decisions about your agreement length (24, 36, or 48 months), anticipated annual mileage, and the amount of the deposit you wish to pay (maximum deposit of 35%). Once these decisions are set, your monthly payment can then be calculated.
3. Quote submitted to Ford Credit
Once you’re happy with your quote, your Ford dealer will submit your application to Ford Credit.
4. Drive away in your new Ford
The car belongs to your business at the end of the agreement assuming all payments plus the purchase fee have been made.