For some people owning a new car is only possible through car finance, but with so many options to choose from it can be hard deciding what's best for you. What might be a positive for one driver may not be so good for you. Here are the most common car finance agreements and there pros and cons.
Contract Hire
Contract Hire is the most popular car leasing option with both companies and individuals. It can be thought of as long term car rental as you make monthly payments over a fixed period of time, normally between a year and 3 years.
The amount you pay each month will be agreed based on the price of the car and the expected final value, taking into account depreciation and mileage. Simply put with Ford contract hire and other manufacturer's contract hire agreements you will pay the difference between these figures via monthly payments.
