Ford Ranger Contract Hire: Everything You Need to Know
If you`re in the market for a new vehicle, you may want to consider a Ford Ranger on contract hire. This option allows you to lease the vehicle for a set period of time (usually between 24 and 48 months) and return it once the lease is up. This can be an ideal option if you don`t want to commit to owning a vehicle long-term, or if you prefer to have a new vehicle every few years.
But what exactly is Ford Ranger contract hire, and is it right for you? In this article, we`ll dive into everything you need to know about this option.
What is Ford Ranger Contract Hire?
Ford Ranger contract hire is a type of lease agreement where you pay a fixed monthly fee to use a brand-new Ford Ranger for a set period of time. The vehicle remains the property of the leasing company throughout the lease term, and you`ll need to return it at the end of the contract.
The monthly fee includes use of the vehicle, as well as maintenance, servicing, and road tax (where applicable). You`ll typically need to pay a deposit upfront, and may also need to pay an additional fee at the end of the lease if you`ve exceeded the agreed mileage or caused any damage to the vehicle.
Benefits of Ford Ranger Contract Hire
There are several benefits to Ford Ranger contract hire. Here are just a few:
– Lower upfront costs: Rather than having to pay the full purchase price of a new vehicle upfront, with contract hire you`ll only need to pay a deposit (typically between one and three months` worth of the monthly fee).
– No depreciation worries: When you own a vehicle, you`ll need to deal with the inevitable depreciation of the vehicle`s value over time. With contract hire, you don`t need to worry about that – you`re simply paying for the use of the vehicle, not its value.
– No need to sell the vehicle: Unlike owning a vehicle, when your contract hire term is up, you simply return the vehicle to the leasing company. You won`t need to deal with the hassle of selling the vehicle when you`re ready to move on.
– Always driving a new vehicle: With contract hire, you`ll typically be able to choose from the latest models of the Ford Ranger, so you`ll always be driving a new vehicle with the latest features and technology.
Is Ford Ranger Contract Hire Right for You?
While Ford Ranger contract hire offers several benefits, it`s not the right option for everyone. Here are a few things to consider before deciding if it`s the right choice for you:
– Mileage: Most contract hire agreements come with a set mileage allowance (typically between 10,000 and 15,000 miles per year). If you exceed this mileage, you`ll need to pay an additional fee at the end of the lease. If you drive a lot of miles each year, contract hire may not be the best option for you.
– Personalization: When you own a vehicle, you can customize it however you like. With contract hire, you won`t be able to make any significant changes or modifications to the vehicle.
– Ownership: With contract hire, you`re essentially renting the vehicle – you don`t own it. If you prefer to own your vehicles long-term, you may want to consider purchasing a Ford Ranger instead of leasing it.
Conclusion
Ford Ranger contract hire can be a great option if you`re looking for a new vehicle and don`t want to commit to owning it long-term. By paying a fixed monthly fee, you`ll be able to drive a brand-new Ford Ranger with the latest features and technology while avoiding the hassle of ownership and depreciation. Just be sure to consider your mileage needs and personalization preferences before deciding if contract hire is the right choice for you.
