Commercial Vehicle Finance

At Furrows Transit Centre we understand how important it is to keep your business on the move. Whether you're a start up, expanding your fleet or thinking of replacing your existing vehicle, we have the right Ford commercial vehicle to help you go further.

Use the table below to work out which kind of commercial vehicle finance is best for you and your business.

Plan Features

FORD ACQUIRE

FORD CONTRACT HIRE

FORD FINANCE LEASE

Available from Furrows Transit CentreYES YES YES
Option to own the vehicle*YES NO NO
Vehicle ageNew and used vehicles
(age limits apply)
New and used vehicles
up to 12 months old
New and used vehicles
up to 12 months old
Finance term12 to 60 months (maximum
term 48 months for Ford Acquire
with balloon option)
Any term, 24 to 60 months Any term, 24 to 60 months
Typical advance rental/depositZero deposit available.
VAT normally paid up front for
commercial vehicle customers
Minimum one month's rental.
Typically 3 months' rental.
Minimum 1 months' rental.
Typically 3 months' rental.
Fixed monthly payments/rentalsYES YES YES
No responsibility for vehicle disposalNO YES Vehicle sold on lessor's behalf.
100% of the Sales Proceeds are
returned to the lessee
Flexible end of contract optionsRenew/Retain Renew/Retain Renew/Resale
Balloon optionYES NO YES
Ford Fleet Accident ManagementIncluded Included Included
Optional maintenance/service packagesAsk a member of our Sales Team
for more details
Available at additional cost Ask a member of our Sales Team
for more details
Road Fund LicenceIncluded for the first year Included for the duration of the agreement Included for the first year
VAT on monthly paymentsNo VAT on payments but
VAT on vehicle may
be recoverable
VAT registered businesses may
be able to reclaim all or part of the
VAT element of monthly rental
VAT registered businesses may
be able to reclaim all or part of the
VAT element of monthly rental
Off Balance Sheet funding NO YES NO
Taxation (customers are
advised to seek personal advice)
Writing down allowances may be available.
Interest cost may also be offset
Tax allowable rentals Rentals allowable against taxable profit
Commercial line of credit available YES NO NO
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Frequently asked questions

Are there any tax or VAT benefits when financing business vehicles? The tax and VAT benefits differ for each company. Customers are advised to seek independent financial advise before making any decisions about acquiring a vehicle for their business.

Do Ford charge a fee for setting up agreements? There are no fees for Ford Contract Hire and Ford Finance Lease. The standard fee for Ford Acquire plans varies dependent on Marketing Promotions available at that time.

Who owns the vehicle?

Ford Acquire: Your business will own the vehicle once all payments (including the final balloon payment where applicable and the Purchase Fee) have been made.

Ford Contract Hire: Ford Lease (the lessor) is the legal owner of the vehicle however, the customer (the lessee) is responsible for any service, maintenance and repair costs (unless covered by an optional maintenance agreement**) plus any additional costs such as parking fines, traffic violations or accident damage.

Ford Finance Lease: Ford Lease (the lessor) is the legal owner of the vehicle and the customer (the lessee) is the registered keeper of the vehicle. The customer is responsible for any service, maintenance and repair costs, plus any additional costs such as parking fines, traffic violations or accident damage.

Business users only.

*Subject to all payments (including Purchase Fee) being paid.

** at additional cost