Can you lease a Ford Escape Hybrid
The short answer is yes, but obviously leasing a Ford escape hybrid comes with a number of issues that need to be understood and looked at in a bit more detail.
Ford, along with other manufacturers actively promote the process of leasing their vehicles, and hybrids are rapidly becoming an important part of this market. Ford recognise the value both short-term and long-term of encouraging customers to buy or lease a hybrid, and the Ford escape is proving to be a popular model in this regard.
The leasing process as it applies to a Ford escape hybrid is pretty much the same as it does to all the other vehicles. There are a number of important factors to be considered if you have not least a vehicle before.
One of them is simply about the length of the lease period. When releasing a vehicle the customer does not own title to it, they merely have to use of it for the specified period of the lease. A lease can run for any period, but normally ranges from 24 to 60 months.
Lease a Ford Escape Hybrid
A lot of the workings out of the costings of the lease tend to relate to the depreciation in value of the car during the term of the lease period.
This needs to be borne in mind when negotiating all aspects of the lease, as whilst a long lease may result in lower monthly payments, the length of the lease means that you pay more in total depreciation costs over the period of the lease than you would do otherwise.
It is also worth bearing in mind the options that are likely to exist at the end of the lease.
The normal options relate to the customer being offered the opportunity to buy the vehicle at a discounted rate, the customer being offered another lease on another vehicle, or the customer simply walking away and doing something else.
There are likely to be lease end costs at the end of the lease period, which essentially are charges that relate to the wear and tear of the vehicle, and any excess mileage that may have been insured during the period of the lease agreement.