Ford Business Finance & Lease Options

We believe that every business should have the flexibility to have the vehicles they need. Whether it's one vehicle or a small fleet, at ThinkFord, we offer a range of finance deals to get your company on the road. No matter what your budget, there is a new or used Ford car for your business. Speak to a friendly member of our expert team and let us help you.

• Finance packages available across the Ford range
• We offer a range of finance options to suit your budget
• Benefit from our comprehensive aftersales care
• First-class customer service from our expert staff
• Simple application process

We are thrilled to offer three business finance plans, so you have the ability to get the vehicles you need at a price that is affordable for your business. From estate cars to small SUVs, there is a finance offer to suit every business. Our friendly team of experts are on hand to help you find the deal that is right for you.

We offer the following finance deals for business leasing.

• Business Contract Purchase (BCP)
• Business Hire Purchase (BHP)
• Business Contract Hire (PCH)

A contract purchase is for businesses who want to own their vehicles without the risk of depreciating assets. It’s a finance agreement for VAT registered companies. A Ford BCP agreement is ideal for businesses who run expensive vehicles who don’t want the worry of losing the value on their cars. Simply choose a brand new Ford car, then pay a deposit followed by monthly installments and put your new business vehicle to good use. 

It is important that you consider all business finance options before entering an agreement, as BCP may not be the best choice for your company. 

Whether you are looking for a single car or a whole fleet, BCP allows your company to lease vehicles on a contract purchase basis. You will have to pay for the vehicle in monthly installments over an agreed duration of 24 to 48 months, for example. 

If your business is a VAT registered company, you will not have to pay VAT on the monthly payments. However, if you take out an optional maintenance package, you will have to pay VAT on any service costs. 

Once the contract comes to an end, your business then has the option to purchase the car based on its Guaranteed Minimum Future Value (GMFV). This is known as a final balloon payment, which can be paid as long as the terms of the agreement have been met.

Customers are not obliged to purchase the vehicle at the end of the agreement. However, the option to buy is there should you wish to do so. When a Business Contract Purchase agreement expires, there are three options available:

• Return the vehicle to the dealership
• Pay the final balloon payment and own the vehicle outright
• Refinance the final rental amount by paying the balloon payment in monthly instalments. Once these payments have been made, you will then own the vehicle

Business Hire Purchase, also referred to as business lease purchase, is a finance agreement, offering vehicle funding for companies who wish to buy a new or used Ford car, but don’t want to spend the money up front. BHP is purley a finance package, so it does not include maintenance or other added-value services that you would expect from a business contract purchase agreement. 

A Business Hire Purchase finance agreement is not always the best option for every business. It is important to review your options before committing to the contract.

As part of a Business Hire Purchase agreement, you will be required to pay an initial deposit followed by monthly instalments throughout the duration of the agreed contract length. The deposit and monthly payments are calculated using the retail value of the vehicle, the length of the contract and the estimated residual value of the vehicle at the end of the contract.

Once the lease purchase agreement has begun, the vehicle will belong to your business. However, the car must be purchased at the end of the agreement with a final balloon payment. The slower the vehicle’s value depreciates, the better deal you get because your business will take on the residual value of the car. 

When the Business Hire Purchase agreement ends, your company will be required to pay a final balloon payment and will take full ownership of the car. Upon signing the agreement at the beginning of the contract, your business agrees to purchase the car at the end of the agreed duration. Your company will not be given the option to return the vehicle and you are liable for the full value of the car.

A form of leasing, Business Contract Hire allows your company to drive the vehicle over an agreed periods of time, with a set mileage allowance. It’s a cost-effective way to gain access to new vehicles without any large drops in value that you would normally associate with having full ownership of a new car.

There is the option to include vehicle service maintenance and repairs in your BCH agreement. It gives you the room to budget for all of your business motoring with ease. To be able to take out a BCH agreement, your company has to a sole trader, partnership, limited company or a public limited company.

Businesses can finance new or used Ford vehicles with an agreed minimum down payment and a mileage allowance. The minimum down payment is usually equal to three monthly instalments, and it must be paid in advance.

The mileage allowance is agreed in advance, the minimum being 10,000 miles per annum and  a maximum of 40,000 miles per annum. If you go over the mileage allowance the excess mileage rate is charged. You will be billed for this at the end of the contract.

BCH is subject to VAT, 50% of which can be claimed back. Once the agreement is over, the vehicle must be returned to the dealership in good condition. Any damage that has been sustained will be charged for.

At the end of your Business Contract Hire agreement, your business will have 2 options to choose from: 

• Return the vehicle to the dealership
• Extend the leasing agreement with the dealership

Your company will not have the option to purchase the vehicle, and will gain no valuable assets. When returning the car, it should be given back in a condition that meets the standards of the BVRLA ‘Fair wear and tear’ guidelines. If it does not, you may incur extra charges.