If you are in the market for a reliable and versatile commercial vehicle, the Ford Transit Custom is a top choice. With its reputation for durability and performance, the Transit Custom is a popular option for businesses of all sizes. However, purchasing a new van outright can be a significant financial commitment. That’s where Ford Transit Custom finance options come in.
Ford offers a range of financing options to make it easier for businesses to acquire a Transit Custom van. Whether you are a small business looking to purchase your first commercial vehicle or a larger company looking to expand your fleet, there is a finance option to suit your needs. Here’s everything you need to know about Ford Transit Custom finance.
**Types of Finance Options**
When it comes to financing a Ford Transit Custom, businesses have several options to choose from. The most common types of finance options offered by Ford include hire purchase, personal contract hire, and finance lease.
– **Hire Purchase:** With hire purchase finance, you make fixed monthly payments over an agreed term (typically between 12-60 months). Once all payments have been made, you own the vehicle outright. This is a simple and straightforward finance option that allows you to spread the cost of your van over time.
– **Personal Contract Hire:** Personal contract hire is a popular choice for businesses that want to drive a new van every few years without the hassle of ownership. With this option, you make fixed monthly payments for an agreed term (usually between 24-60 months) and return the van at the end of the contract. This option can be more cost-effective than hire purchase as it includes maintenance and servicing costs.
– **Finance Lease:** Finance lease is a flexible option that allows businesses to use a Ford Transit Custom without having to commit to ownership. With a finance lease, you pay fixed monthly rentals for an agreed term (typically between 24-60 months). At the end of the contract, you can choose to sell the vehicle and receive a proportion of the sale price as a rebate.
**Benefits of ford transit custom finance**
There are several benefits to financing a Ford Transit Custom rather than purchasing outright. Some of the key advantages include:
1. **Protect Your Cash Flow:** Financing a van allows you to spread the cost of the vehicle over time, which can help to protect your cash flow. Instead of making a large upfront payment, you can budget for fixed monthly payments that are easier to manage.
2. **Tax Benefits:** Depending on the finance option you choose, you may be able to claim tax relief on your van payments. This can help to reduce your overall tax bill and improve your company’s financial position.
3. **Upgrade to Newer Models:** With personal contract hire, you have the flexibility to upgrade to a new Ford Transit Custom every few years. This allows you to benefit from the latest technology and features without the hassle of selling your old van.
4. **Maintenance and Servicing Included:** Some finance options, such as personal contract hire, include maintenance and servicing costs in the monthly payments. This can help to reduce unexpected expenses and keep your van running smoothly.
**How to Apply for ford transit custom finance**
Applying for Ford Transit Custom finance is a straightforward process. To get started, you will need to provide some basic information about your business, including details of your trading history, financial accounts, and credit rating. Depending on the finance option you choose, you may also need to provide additional documentation such as bank statements or proof of income.
Once you have submitted your application, Ford’s finance team will review your information and provide you with a decision. If your application is approved, you can then choose your preferred van model and begin the process of setting up your finance agreement.
In conclusion, Ford Transit Custom finance offers businesses a flexible and cost-effective way to acquire a reliable commercial vehicle. Whether you are looking to purchase a new van outright or upgrade your existing fleet, there is a finance option to suit your needs. With a range of benefits and easy application process, financing a Ford Transit Custom could be the smart choice for your business.
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