FORD ESCAPE

Ford Escape Red Carpet Lease

A Ford escape is one of the most popular Ford models available, and a number of potential customers are likely to consider the option of a red carpet lease agreement.

The red carpet lease program is Ford credits leasing option for individuals who would prefer to lease a vehicle rather than by one  outright.

For many people, there are advantages in leasing in terms of the benefits of being able to have a brand-new car truck that they would not otherwise be able to afford to buy. It is always worth remembering leasing a Ford escape this means that the individual is not actually own title to it, it is essentially a long-term rental.

The structure of a red carpet lease deal on a Ford escape in terms of application and process is fairly similar to that of an auto loan.

The applicant will need to go through a standard credit checked applications, done with Ford credit, to assess their creditworthiness and for Ford to decide whether or not to effectively extend them finance. If the individual is successful, then for credit will decide how much to effectively lend them, and on what terms and conditions.

Ford Escape Red Carpet Lease

A red carpet lease  program will constitute a structured lease agreement that includes a down payment, a fixed monthly repayment cost, an agreed mileage allowance for the term of the lease and an end of lease payment,  commonly known as lease end costs.

It is worth thinking of a Ford escape red carpet lease agreement as essentially a long-term rental. At the end of the rental period, the state and condition of the vehicle is assessed, either by Ford credit or by an agent of theirs, and an amount agreed that will be needed to bring the vehicle up to a state and condition that is considered normal given its age and mileage.

There may also be an additional mileage cost. At the outset of the lease, there will be an agreement as to the mileage allowance, either on a  yearly basis or for the overall time of the lease.

Although additional mileage can be bought during the time of the lease, it is fairly common for the additional mileage to be settled at the end of the lease agreement. The basis of how additional mileage should be Collated and charged should be specified in the lease agreement itself.

Credit Score to Lease Ford Escape

Leasing a Ford Escape with Ford Credit can be a serious alternative for any individual looking to have the benefits of a new car, but not having sufficient cash to be able to purchase one outright. A lease can be entered into by any individual whose credit score or credit rating makes them a credit worthy risk to Ford credit.

The process of leasing a Ford car or truck has a number of components, but the individual applying for a contract to lease a Ford escape will have their credit worthiness assessed in the same way as if they were applying for a  normal auto loan.

The individual will be asked to fill in an application form, possibly online, which will provide a considerable amount of personal information about them, possibly the family and possibly work colleagues if the lease agreement is to include any type of business or work activity.

This personal information is likely to include things such as their name, date of birth, any personal or business address, any telephone numbers, any Social Security number or social insurance number, a drivers license, passport and any current and possibly previous employers as well.

Credit Score to Lease Ford Escape

Once the application form has been filled in, then the individual will have this personal information assessed along with information relating to their credit history such as any public records available, their banking accounts, any current loans or mortgages, lines of credit and credit cards or store cards.

All this information  will be collected by a credit bureau who will then assess it, and allocate to the individual a credit score.

This credit score will then be used as the primary means of assessing whether or not to lease the Ford escape to the individual,  and if so on what terms and conditions. These normally relate to the size of a down payment, the amount of a monthly payment fee and the length of any  lease agreement.

The credit score will be assessed and implemented by Ford credit on exactly the same basis as if an individual were applying for an auto loan with Ford in order to buy a Ford escape or any other Ford vehicles.

How Good is the Ford Escape? – Review

These are a selection of reviews of the best selling Ford Escape – For full review, please click the link after the review. For details of Ford Credit, please click here

Is the Ford Escape a Good SUV?

The Ford Escape is a very good SUV overall that checks most of the boxes for “sport” and “utility,” with an engaging driving experience, ample passenger room, and above-average cargo space. The cabin is also one of the nicest in the class, with high-quality materials and a pleasing design.

However, you‘ll probably want to upgrade from the Escape’s base model. Few features and a near complete lack of options make a standard Escape somewhat unimpressive. It will get you where you need to go, but that’s about it. The standard engine feels underpowered and returns low fuel economy estimates as well. Upgrading to one of two higher trim levels gets you a more powerful and efficient engine and access to many other options that make the Escape a more capable and enjoyable daily driver.

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Driving Impressions

When it comes to horsepower, Ford’s 7-passenger Explorer SUV for 2017 delivers at every level. From the standard 290-horsepower V6 to the fuel-efficient 280-horsepower turbo 4-cylinder available in the base, XLT and Limited trims, Ford places choice front and center.

Need more “oomph”? Try out the Sport and Platinum trim’s 365-horsepower twin-turbocharged V6. Capable for sure, the Explorer delivers excellent passing and pulling power and its heavily weighted steering and taut suspension give this big SUV impressive cornering ability, although its high beltline and massive front bumper make maneuvers in tight quarters a bit harrowing.

Ford has done an excellent job keeping road, engine and wind noise out of the cabin, and all but the rearmost occupants felt the seating was both comfortable and supportive. The Explorer’s adaptive cruise control works well, but we wish it offered fully autonomous braking like the Honda Pilot, not just collision warning.

KBB