Ford Car Leasing - The Options

I have been looking for a new car for a while, and a Ford car is looking like a good choice but I need to consider the personal Ford car leasing options that available as I can't afford to buy a car outright.

FordCredit is the manufacturers own finance arm and is one of the world's biggest automotive finance companies. They have finance plans to cater for a variety of needs, and the expertise to help me choose the right option, so I am sure I will find a package that suits my requirements.

Ford Options is a personal contract purchase plan, where I can choose to 'renew', 'return' or 'retain' my Ford car at the end of the agreement. All cars will have a Guaranteed Minimum Future Value (GMFV) so I don't need to worry about the cars value falling by the end of the agreement. I can spread the payments out over 24, 30 or 36 months too, so I can pay what I can afford each month and as the repayments are fixed and regular there won't be any nasty surprises.

If I fancy a new car at the end of the agreed contract I can choose to renew by trading the car in at my local Ford Dealer, or privately once the money have been squared up. Any excess monies over the GMFV can be used as a deposit for a new car. There is the opportunity to renew before the end of the agreement to if I see another Ford car I like the look of, but I will have to settle the remaining balance first which is not ideal.

I can also return the car at the end of the agreement, with no more to pay as long as the dealer deems that the car meets 'fair wear and tear standards' and provided I have not exceeded the agreed mileage. If I decided I want to keep it I can pay the GMFV and purchase fee and its all mine! Luckily the FordCredit will make contact way before the agreement is up so I'll have time to decide what I want to do.

So that's the Ford Options agreement, so what's the Ford Options Cashplan? It's very similar to the Options agreement in that you have a GMFV and the options to renew, return or retain you car, but you don't have regular installments to pay, which is fine as long as you are good at planning your finances. The Ford Options Cashplan can be taken out over 12, 24 or 36 month terms, as opposed to 24, 30 or 36 months for the regular Ford Options agreement.

The last Ford car leasing option is Ford Acquire, a traditional hire purchase plan where at the end of the agreement you will own the car as long as all payments have been cleared. It is probably the most flexible of the finance agreements, as repayments can be paid over anything from 12 to 60 months in installments that suit you.

Personally I think the Ford Options plan will suit me best, I have a regular wage and by paying a fixed amount each month I can budget better. Whichever Ford car leasing agreement suits you though its handy to know you can access account services online so there is always help just a click away!