Ford Lease Returns
With your lease term coming to a close, you have a few key decisions ahead. Whether you're planning to upgrade to a new Ford, purchase your current vehicle, or return your lease, we're here to guide you through each option.
Option 1: Upgrade to a New Ford
When your lease ends, you can trade in your current vehicle and upgrade to the latest Ford models, making the transition seamless.
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Benefits of Leasing Again:
- Drive the Latest Models: Stay up to date with Ford's latest technology and vehicle features.
- Lower Maintenance Costs: Most lease agreements include maintenance, reducing potential out-of-pocket expenses.
- Potentially Lower Payments: Depending on your lease agreement, your monthly payments for a new vehicle could be similar to or even lower than what you're currently paying.
Option 2: Purchase Your Leased Vehicle
If you've formed a connection with your current vehicle, buying it at the end of your lease could be the right option for you.
Things to Consider:
- Condition Check: Check your vehicle's overall condition, including wear, tear, and mileage.
- Compare Market Value: Research the current market value to gauge whether purchasing is a good deal.
- Financial Analysis: Consider the costs of ownership, including monthly payments, interest, and depreciation, when comparing it to the buyout price.
Option 3: Return Your Lease
Returning it is a simple process if you're ready to part ways with your leased vehicle.
Pre-Return Inspection:
- Scheduling: Plan your pre-return inspection a few weeks before your lease end date.
- Inspection Details: A representative will inspect the vehicle for wear, tear, and any damage.
- Lease Agreement Review: The inspector will assess the vehicle based on the terms of your lease.
Final Steps and Possible Fees:
- When returning your vehicle, be sure to bring your lease agreement, keys, owner's manual, service records, and any vehicle accessories.
- Mileage Overages: Exceeding the mileage allowance could result in per-mile charges.
- Wear and Tear Charges: Excess damage may lead to additional fees.
- Disposition Fee: This fee covers the cost of processing the returned vehicle.
As your lease end approaches, take time to consider your options. Whether you're looking to upgrade, buy your current vehicle, or return it, we're here to support you every step of the way. Contact us or visit the Ford website for more information.
