Ford Lease Returns
As your lease approaches its end, it's time to explore your options. Whether you're considering upgrading to a new Ford, purchasing your current vehicle, or simply returning the lease, we're here to assist you every step.
Option 1: Trade-in for a New Ford
At the end of your lease, you have the option to trade in your current vehicle and drive away in one of Ford's latest models, making for an easy transition into your next car.
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Benefits of Leasing Again:
- Stay Up-to-Date: Always drive the latest Ford models with cutting-edge technology and features.
- Minimized Maintenance Costs: Lease agreements typically include maintenance, which helps reduce unexpected expenses.
- Potentially Lower Payments: Your new lease could have similar or even lower monthly payments depending on the terms.
Option 2: Buy Your Leased Vehicle
If you've developed a connection with your current vehicle, buying it at the end of your lease is a good option.
Is a Buyout Right for You?
- Assess Your Vehicle: Evaluate its condition, including wear, tear, and mileage.
- Market Value: Compare the vehicle's market value to determine if it's worth buying.
- Financial Factors: Consider the total cost of ownership, including monthly payments, interest rates, and potential depreciation.
Option 3: Return Your Lease
If you're ready to return your vehicle, the process is straightforward.
Pre-Return Inspection:
- Scheduling: Arrange for a pre-return inspection a few weeks before your lease ends.
- Inspection Process: A representative will inspect your vehicle for excess wear and tear and any damage.
- What to Expect: The vehicle's condition will be evaluated based on your lease agreement.
Final Steps and Possible Charges:
- When returning your car, bring your lease agreement, all keys, the owner's manual, service records, and any accessories that came with the vehicle.
- Mileage Fees: Exceeding the agreed-upon mileage limit could result in a per-mile fee.
- Wear and Tear Charges: Any damage beyond normal wear and tear may incur additional charges.
- Disposition Fee: This fee covers the administrative costs involved in processing the lease return.
As your lease comes to a close, take some time to explore your next steps. Whether you opt to upgrade to a new vehicle, keep your current one, or simply return it, we're here to help. Contact us or visit the Ford website for more information.
