There is quite a good reason why Ford van leasing remains such a popular option among van drivers across the UK. While van leasing can certainly offer the same benefits as purchasing your own vehicle, there are also some significant disadvantages which may prevent you from making the decision to lease a Ford van. Before you get down and dirty with the idea of Ford van financing, however, you need to first ask yourself if you really need to lease one of their vehicles. Even though you may have heard about all the benefits and may be convinced that it would be a good idea to lease a Ford van, you may not be able to justify the need to do so.
Perhaps, the biggest reason why Ford van leasing deals remain so popular is that they provide so many different advantages over other vehicle options available on the market. For instance, most van lease deals come with a factory approved 2-year repayment plan. While this sounds ideal, it is important to note that this means that you can budget your monthly payments for longer than two years, thereby ensuring that you will never have to pay more than the wholesale value of the vehicle. The majority of van lease deals also allow you to lease a vehicle that is subject to depreciation coverage at the end of each term, or a fully comprehensive plan. Thus, even if the value of your business needs fluctuates each month, you will always be able to afford it thanks to flexible financing terms, see page for more details.
On the flip side, the biggest disadvantage of Ford van loan is that it can cost you a lot of money. While it may be true that you will only pay a small premium over the lifetime of the lease, this is money that you simply cannot afford to waste. Furthermore, when you finally decide to sell your used Ford van at the end of the lease period, you will not be able to find a buyer willing to take on the cost of your vehicle. If you are stuck paying thousands of dollars for a vehicle that you will never use, you will simply end up being forced to move your business operations to a new location-which will mean an increase in costs for you.
Needless to say, these are all great advantages when it comes to Ford van leasing, but there are also some important disadvantages. First and foremost, many of these van leasing deals require that you drive a specific make and model of Ford vehicle. While it is true that you can find all sorts of Ford van financing options that do not specify the make and model of your vehicle, it is important to understand that the type of vehicle that you drive will have a significant impact on the price that you will pay. For example, sedans usually cost less than larger four-door vehicles, and trucks can easily run into the thousands.
Fortunately, however, there are options that can lower the overall cost of a Ford van leasing. One of the most common methods of accomplishing this is known as a "balloon lease". A balloon lease is a lease with an expiry date that is based upon the model of your vehicle, see more here. Instead of paying monthly payments on a vehicle that you will never use, you agree to pay a lump sum at the conclusion of the agreement. The amount of money that you will pay at the end of the lease will be significantly lower than if you had purchased the vehicle outright.
As you can see, there are several factors that you should consider before agreeing to Ford van financing. If your vehicle will rarely be used and you only need minimal maintenance, then a traditional vehicle loan may be the best option for you. However, if you have a large family or plan to make regular commercial van use, then a balloon payment will work better for you. Before selecting a method of vehicle financing, be sure to carefully analyze how much you can afford to spend each month. Also, think about the total number of miles that you expect to drive your vehicle.