You will not own the vehicle at the end of the agreement. Finance subject to status. Guarantees may be required. Examples exclude VAT and are based on non-maintained agreements with a mileage of 8,000 miles per annum. Ford Lease is provided by ALD Automotive Ltd, trading as Ford Lease, BS16 7LB.
Ford Contract Hire : Vehicles must be returned in good condition and within agreed mileage, otherwise further charges will be incurred.
*Finance Lease : Vehicles leased under Finance Lease are not subject to annual mileage limits. Early settlement may incur fees and charges. At the end of the initial contract period you will have three options to settle the balloon rental payment: 1) pay the balloon and keep the vehicle, entering into a secondary term (for up to 10 years) by paying a nominal annual fee after which you must return the vehicle to Ford Lease; 2) return the vehicle to Ford Lease for them to sell on your behalf ; 3) Sell the vehicle as Ford Lease's agent paying any proceeds directly to Ford Lease. For options 2 and 3 Ford Lease will offset the proceeds of the vehicle's sale against the balloon payment. You will be liable for any shortfall but you will be entitled to any surplus should the vehicle sale price exceed the balloon payment.