If your lease is coming to an end, it’s time to decide what you want to do next. From returning your current lease and leasing a new Ford to buying your current lease or extending it, the choice is yours. At Groove Ford, our expert and experienced finance team are here to help you make a seamless transition post-lease.
Whether you are interested in buying, returning, or extending your lease; our ultimate goal is to help you make a decision you can feel confident about and help you find your next car without a hitch. Keep reading to find out how our finance professionals can help you decide what to do when your lease is coming to an end.
Ford offers a range of lease-end options to choose from, empowering you to make a decision without rushing or fully understanding the benefits each option has to offer. It all starts 120 days before your lease is over, allowing you plenty of time to research all your options. Those options include returning and leasing a new Ford, extending your lease, or buying your lease.
Return your lease and start a new lease today, unlock all the latest stylings, technology, and performance offerings. Leasing another Ford is not only easy but can also be rewarding! See how you can take advantage of loyalty points from Ford today. Enjoy the freedom of choosing the contract length and mileage that best fits your lifestyle needs. Don’t have to worry about vehicle depreciation, reselling, or committing to a long-term payment plan.
And compared to competitors, Ford lets you lease a vehicle while retaining your option to return or buy. Lease payments are usually lower than similar term finance payments because you’re only paying for the portion of the vehicle’s value used during the lease term.
Extending your lease is a great way to keep enjoying your current lease. To get started, all you need to do is log in to Account Manager to see if you’re eligible for a lease-end extension. You can also contact Customer Support for additional help with the lease-end extension.
If you fell in love with your lease, why not keep it? To obtain your vehicle’s purchase price prior to lease-end, log in to Account Manager or contact Customer Support. Discuss your vehicle purchase options and the final purchase price, including taxes and other charges, with the finance team at Groove Ford.
90 days before the end of your lease, you should schedule your complimentary inspection before returning your vehicle. This step can help provide information that can help you avoid unexpected lease-end charges. And 60 days before the end of your lease, contact Groove Ford to see if any recommended repairs may be needed to avoid any potential wear and tear costs.
At the end of your Red Carpet Lease, you may have the option to purchase your previously leased vehicle. If the option exists, you will find a lease-end purchase price in your Red Carpet Lease Agreement, which you can find by signing in to Account Manager or contacting your originating dealer. Before choosing a new vehicle or purchasing your lease vehicle, you will need to fulfill all lease-end requirements and satisfy any remaining financial obligations.
You may terminate your lease early by following the instructions contained in the "Voluntary Early Termination" section of your Lease Agreement.
Depending on your contract, a Ford dealership may be able to buy out the rest of your contract.
If you’re interested in long-term ownership, no mileage restrictions, and want to build an asset, financing may be right for you. If you want a new Ford every few years and don’t want to worry about depreciation, leasing may be right for you.
