Important Information regarding new van leasing and contract hire
Business users only. Ford Credit is a trading Style of FCE Bank plc. Registered in England: No 772784. Registered Office: Central Office, Eagle Way, Brentwood, Essex, CM13 3AR. FCE Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under firm reference number 204469.
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.
*Ford Lease is provided by ALD Automotive Ltd, trading as Ford Lease, Oakwood Drive, Emersons Green, Bristol, BS16 7LB. ALD Automotive Ltd is registered in England no. 987418. Finance subject to status. Guarantees and indemnities may be required. ALD Automotive Ltd and FCE Bank plc are authorised and regulated by the Financial Conduct Authority. FCE Bank plc act as an insurance intermediary in relation to Ford Insure.
The availability of tax and VAT benefits may vary subject to the facts and circumstances of individual cases and tax law is subject to change over time. Customers are therefore advised to seek professional advice with regard to taxation.