Ford makes some of the most impressive new cars, trucks and SUVs on the market, leasing or financing is a great way to get all the benefits of driving one of Ford’s most popular new models.
What Is A Lease Buyout?
Leasing is what it sounds like, in a lease you buy the car for its residual value. The residual value is calculated by calculating the value of your car at the start of the rental period and deducting any depreciation losses. The longer your lease expires, the more the residual value of your car decreases. There are two types of leases:
- Redemption at the end of the lease: This is the most common form of redemption of a lease. You wait until the end of the lease term, then you buy your vehicle for the remaining value.
- Early Lease Buyout: Slightly more complicated than an end-of-lease buyout, an early lease buyout allows you to purchase your rental car before the lease expires.
How Ford Lease Buyout (Financing) Works
If you have a lease with Ford and want to finance a leased vehicle, here’s how a Ford lease buyout works;
- Check the price of your option to buy:
The price of the option to buy at the end of the lease is included in your red-carpet rental agreement. If you want to buy a Ford before the end of the lease, you can contact customer service for purchase option prices.
- Talk to your Ford Dealer:
Your Ford Dealer can explain your purchase options, explain the final purchase price plus taxes and fees, and schedule an appointment to purchase your Ford lease before or on the day of your rental date expires.
- Purchasing Your Leased Vehicle:
Prior to purchasing your leased Ford vehicle, you must meet all remaining financial obligations, review and sign the odometer reading, and provide all necessary funds Ford will then transfer ownership of the vehicle to you.
The Benefits Of Financing
Flexibility
Ford offers you many financing options so you can choose the one that fits your lifestyle. With standard purchase financing, you’ll repay the loan with flexible payment terms. You have the flexibility to choose the plan that fits your financial situation so that your financial plan works easily for you, rather than forcing it to work
Covers The Range Of Cars
Ford financing is ideal for any car you buy from us. With standard purchase financing, your loan covers new, pre-owned or certified pre-owned vehicles.
Unique Advantages
Ford financing has unique benefits that other finance companies don’t, simply because you’ll be financing your vehicle has no mileage limit and you won’t be charged for excessive wear and tear if you decide to sell your vehicle you also have the option to make the adjustments you want without limitation.
To find out more about car financing or leasing a car, please reach out to us at 1201 Buck Road Suite 1 Feasterville-Trevose, PA 19053 https://www.vipautopa.com
