Ford Lease Returns
As your lease term comes to an end, you'll need to decide what comes next. Whether you're ready to upgrade to a new Ford, keep the car you've been driving, or return the vehicle, we're here to guide you through the process.
Option 1: Upgrade to a New Vehicle
At the end of your lease, you can easily trade in your current vehicle and upgrade to one of the latest Ford models on the market.
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Benefits of Leasing Again:
- Newest Technology: Always drive a vehicle with the latest features.
- Lower Maintenance Costs: Lease contracts often include maintenance, reducing unexpected expenses.
- Potentially Lower Payments: Your new monthly lease payments could be lower than before, depending on your situation.
Option 2: Buy Your Leased Vehicle
If you love your leased car and want to keep it, buying it could be a great option.
Is Buying Out Right for You?
- Assess Condition: Consider your car's wear, tear, mileage, and any potential repairs.
- Market Value: Compare the car's market value to its buyout price to determine its worth.
- Financial Considerations: Weigh the payments, interest, and depreciation costs against buying the vehicle.
Option 3: Return Your Lease
Returning your lease is a simple process if it's time for something new.
Pre-Return Inspection:
- Inspection Timing: Schedule your inspection a few weeks before your lease ends.
- The Process: A representative will check for wear, tear, and any damage inside or outside.
- Expectation: The inspection will compare the car's condition to the lease agreement's terms.
Final Steps and Possible Charges:
- Make sure to bring the lease agreement, keys, and accessories when you return the car.
- Mileage Overages: You may need to pay a fee if you've gone over the mileage allowance.
- Wear and Tear: Any damage beyond normal use could incur additional costs.
- Disposition Fee: This fee helps cover the paperwork and administrative processes for your lease return.
As your lease winds down, you have options. You can upgrade, buy your current vehicle, or return it. Contact us or visit the Ford website to explore your lease-end options.
