Ford Acquire is our traditional Hire Purchase product for car customers who are interested in ownership. Once all monthly payments are made (including the Purchase Fee), your business will own the car.
Your deposit is deducted from the price of the vehicle. The balance plus any interest and fees are split into equal monthly payments depending on the length of your agreement. Customers may reduce their monthly payment by choosing the Ford Acquire with balloon option.
The balloon is based on the mileage band and contract term chosen by you at the start of the agreement.
Your fixed monthly payment will depend on the following:
At the end of the agreement, assuming all payments including the Purchase Fee have been made, the commercial vehicle belongs to your business. If you have chosen Ford Acquire with a balloon then this becomes your final payment.
If you plan on financing a number of commercial vehicles that you plan to own, you should consider a Line of Credit.