Ford Lease Deals
Ford Escape Lease Deals – Red Carpet Lease
It is a good starting point to think of leasing a Ford Escape as being somewhat like a rental arrangement. There are differences, and potentially a number of different areas of cost management to be considered.
However, with a bit of research and diligence leasing a Ford can be a really effective way of acquiring a new Ford Escape at a price that otherwise not be affordable.
Getting the best Red Carpet Ford Lease deals involves an understanding of the language and structure of how companies such as Ford offer financing arrangements and leasing deals on all their vehicles.
The most important things to consider how a lease arrangement works, the various financial figures involved, the issue of incentives and rebates and whether or not it is worth eating a slightly older model of the Ford Escape.
Ford Escape – How Red Carpet Leasing Works
This is a very quick overview of how the leasing process for a Fords Escape works.
The customer agrees to use the vehicle from Ford, for a fixed period of time, normally anything between one and eight years, and agrees to pay them a monthly figure for this leasing arrangement.
During the lease there will be a specific mileage allowance, with additional mileage charges and any excess mileage incurred at the end of the lease period.
At the end of the lease period the manufacturer, in this case Ford, will assess the condition of the vehicle, normally through a third-party agent, who will make a recommendation as to its condition.
If it is considered that his excess wear and tear them certain charges will be levied on the customer that are considered necessary to bring the vehicle after a condition appropriate with its age and mileage.
The customer at this point can either walk away from the vehicle, agree a new lease arrangement on another new vehicle, or possibly agree to buy the vehicle that he had the regional lease on.if purchasing a vehicle, then the excess wear and tear fees would normally be waived.
That will normally be a penalty of some type financially for early termination of the lease arrangement.
Ford Escape – leasing a used vehicle
People sometimes wonder if there is any value in leasing a second-hand or used Ford Escape.
There is sometimes an assumption that this might be cheaper leasing a new vehicle. In reality leasing cost of a new vehicle is based to a large extent on its depreciation value from when it is new, which is largely in its first year.
This means that leasing a vehicle that is more than a year old does not really make a huge amount of sense from a financial point of view, given the chief benefit in this vehicle is in the fact that the customer is getting a brand-new vehicle, with benefit of warranty etc.
Ford Escape Lease Deals – Make-up of Red Carpet Leasing Charges
There are a number of different costs make up the overall charge any leasing arrangement.these are to an extent determined by the manufacturer, in this case Ford Credit, by the dealership and by the credit score of the individual seeking the lease arrangement.
The starting point is what is known as the base MSRP. This is essentially the list price that the manufacturer would put on the vehicle if it were for sale, which in reality would be negotiated downwards by any prospective customer. However it is a baseline for most leasing arrangements.
Added to this will be the total of any options the customer wants to include with the vehicle. These two figures when taken together are sometimes referred to as the estimated capitalised cost.
This simply means the figure for any additional costs and any additional rebates or incentives are taken into account. It could be thought of as a gross figure.
The other figure often referred to is an adjusted capitalised cost, and is really a net figure once the total of all costs and benefits have been taken into account and added to cost.
Other charges that may well be added to the estimated capitalised costcan include things such as a destination charge, and acquisition fee, a delivery charge, a document fee, taxes, the vehicle title and its registration. Things such as an acquisition fee and a document fee are simply admin costs and should be clearly stated in any documentation before signing.
Some dealerships use these admin costs as a way of covering certain discounts or incentives that they make in order to balance out their own numbers, and as such all of these costs should be scrutinised and negotiated down where possible.
Ford Escape – Insurance
It will be the customers responsibility to ensure that proper insurance is arranged on the vehicle, and the Ford Credit dealership will need to have proof of this part of the vehicle being released after any leasing arrangement is made. Insurance can sometimes be arranged through the dealership, or by the customer themselves individually. This will always be a condition of any lease arrangement that is signed.
Ford Escape Lease – down payment
When leasing a blank, the structure of the arrangement is that the customer pays a down payment on the vehicle, which determines the level of monthly payments thereafter. The higher the down payment, the less the monthly payment should be in order to reflect this. It is also possible a customer may be required to make a higher down payment and would otherwise be the case if they had a poor credit rating.
Ford Escape Lease – Net trade-in value
The other thing that can determine the leasing costs for a Ford Escape is if there is a trade in of an existing vehicle. This normally refers to a vehicle that the customer owns and wants to trade in or so against eating a new vehicle.
It should be borne in mind that the trade-in value to a dealership will normally be significantly less than if they were to sell the vehicle privately. This trade-in value can also sometimes referr toa a vehicle that the customer has already released and is coming to the endof the lease agreement.
Ford Escape Lease – Finance offers
A lot of focus is often put on the finance offers that are made available to potential customers. Some of these will be made by the manufacturer in this case Ford at a national level.
Some will be made by the local Ford Credit dealership, and some will be determined by both. But should all finance offers that are made will be subject to the credit status of the individual applying for the lease arrangement.
The most common finance offers tend to fall into two categories. There is normally a cash sum or a cash rebate offered if a long lease period is arranged, normally the maximum length that the company will permit at the time. There is also likely to be an offer of zero or low interest rates on a certain period of the leasing arrangement if in a long lease period is arranged.
There is also likely to be an offer to sometimes defer the first three months of any financing costs, subject to the length of the lease period itself.
Ford Escape Lease – Red Carpet Lease Incentives
Incentives are the way that blank make clear their commitment to certain groups of customers, either by way of a social conscience or by way of attracting customers who are now likely to keep in the long-term some of the most current groups of customers who are offered.
Iincentives include : first responders, students, farmers and the military.
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Ford Credit offers finance to customers looking to lease a Ford car or truck through special Ford Lease deals. It is important to be aware of credit requirements, lease end costs, benefits of leasing and how financing a lease works .
Many customers like the idea of being able to get a good deal on a Ford Lease, but are often unaware how to arrange it.
It is also a good idea to get pre-approval for a loan from one or two other reputable sources, as these can then be compared with each other and if necessary use as the basis for negotiation, either with Ford Credit or one of the other companies.
1. Ford Lease Deals – Red Carpet Lease Plans
The possibility of leasing a Ford car or truck has become increasingly more popular over the last few years, and is a sales technique actively promoted by Ford itself.
Red Carpet Lease is simply the name that Ford give to their various leasing plans, which in many ways similar to a normal auto loan, but with some differences that need to be understood. Any leasing plan can be thought of in many ways similar to a long-term rental agreement.
2. Benefits of Ford Lease Deals
Leasing a new Ford car or truck can have a number of advantages over buying, the main one being that you enjoy the benefits of a brand new car without actually paying for it – of course you don’t actually own it either, which is sort of the downside.
Think of it as a sort of long term rental with anumber of conditions attached, also with some additional costs at the end of the lease period.
3. What are Lease End Costs
There will be a down payment on the vehicle, a number of fixed monthly payments for the duration of the lease, and an assessment at the end of the lease where there may be additional charges for excessive wear or tear, or additional mileage charges.
It is important that at the beginning of arranging a Ford Lease Deal lease, or potential charges may be incurred during the lease or at the end of the lease are specified and agreed. It is also important that the basis of how the charges are worked out, especially in areas such as excessive wear and tear, are specified and agreed.
4. Ford Mobility Financing
A number of customers have what are sometimes referred to as mobility needs or special needs, where in essence the vehicle needs to be modified in order to be used by the potential customer.
The scheme that for operate helps with the financing both of the vehicle and any modifications that may be needed to help the individual private.
5. Ford Lease Deals and Certified Pre-Owned Vehicles
This is quite a common and very effective sales technique, as well as making a loss of business sense.
The idea is to certify a number of vehicles that are essentially used vehicles, but which have been checked over by Ford and can be deemed to be mechanically reliable and safe.
Ford lease deals use the idea of a pre-owned and certified vehicle as a way of reassuring customers that the vehicle they are buying is as far as can be guaranteed reliable.
This can be a valuable way of buying a used car, what is important is to check what warranty it comes with, how long the warranty is for, whether that is the possibility of an extended warranty, and whether the warranty includes things such as tires and wheels.
Ford Credit – Lease or buy
One thing is worth pointing out, that arranging the credit with Ford at the same time as buying or leasing a vehicle does not mean that you get a preferential deal on either.
If anything, it can potentially complicate the issue slightly as lines can become blurred as to what you are paying for what.
The solution to this is simply to treat both items as completely separate when arranging a Ford Lease Deal, and to work out what you believe to be a realistic final sale price for the vehicle, and to work out the best rate and deal in terms of finance or credit, and then bring them both together.
Ford credit does have a number of specific plans or options which may be of particular interest.
What is Ford Flex Buy
This type of plan is fairly unique, and in essence gives the customer potential to vary the amount they pay over the period of the loan if they apply for and are accepted into Ford Credit.
This means that they might well pay less in terms of monthly payments at the beginning of the loan, and then pay increased amounts towards the end.
Overall monthly payments would even out as if they had paid same every month, but a customer will have flexibility to protest at the beginning and r on.
Ford Credit – Ford Commercial Financing
Ford Lease Deals are a big part in the financing of commercial vehicles and trucks.
The process of arranging credit and finance is relatively similar to that of arranging a loan for a normal private individual, but there may well be additional questions or credit checks related to the individual, their family, their business or their business associates or partners.
This can sometimes seem a bit intrusive, but the reality is that arranging a loan for a commercial venture has different implications than are arranging a loan for a private individuals .
Gap Insurance and Ford Lease Deals
Gap Insurance is an important type of insurance, and basically covers the difference between the final sale price of the vehicle and its value as determined by the insurance company in the event of there being an accident the vehicle is a total loss or write off.
In this event, there is likely to be a significant difference between the insurance company’s valuation and the price paid by the customer, leading to a possibly large unsecured debt which will be the responsibility of the customer.Gap Insurance Is designed to cover this unsecured debt.
Vehicle Protection Options
Vehicle protection is a really important part of deciding which vehicle to buy and whether to buy or lease vehicle. Ford offers a variety of different vehicle protection plans which include the warranty, possible servicing and maintenance contracts, roadside assistance and emergency contact help.
As well as most Ford dealerships or offer a significant amount of practical advice concerning how to look after the vehicle and maintain it in a good condition, especially in the winter.
Ford Lease Deals
Like most manufacturers, Ford will offer a number of different incentives, known as Ford Lease Deals, throughout the year which can make a significant difference to the final sale price all lease payment schedule of a vehicle.
Some of these incentives may relate to certain categories of customer such as college graduates or people who are serving have served in the military.
Other offers will relate to certain vehicles or certain types of vehicles, there will be certain incentives offered at certain times of the year often as a way of offloading inventories.
Special Ford Lease Deals deals may be offered by way of zero percentage contract, and certain Ford Lease deals may be offered to existing customers either as a way of getting them to buy a car they are leasing or to trade in a car for a new one.
Payment Calculator and Ford Lease Deals
A payment calculator can be a really useful tool in terms of helping you understand your potential repayment costs when negotiating a Ford lease deal.
That in mind that your creditworthiness will be assessed by Ford credit, and it will be their judgement as to the level of risk that you represent financially, and they will charge you accordingly.
When working out your repayment costs on a Ford lease deal it is well worth to do a budget of all your current monthly expenditure, as well as all your monthly income, and work out what you can realistically afford to pay back.
The repayment costs of a Ford lease deal should allow not only for the price of the vehicle, but also things like insurance costs and servicing and maintenance plans. This can also be used in the event of an auto loan refinance deal.
Ford Credit – Personal Account
Setting up an account with Ford allows you to apply for credit before buying or leasing a vehicle. Allows you access to a number of on-line tools that can help you navigate the process of buying or leasing, as well as arranging finance.
Your account also acts as a portal for all you need to know when you have bought the vehicle, including info on warranties, servicing and maintenance schedules and contact info regarding account management and payment issues.
From Ford’s point of view, it can make the availability of all models more attractive to potential customers, by arranging Ford lease deals by the fact that they can arrange finance for them at the same time.
For many people when deciding to buy or arrange a Ford lease deal a new or used Ford, there are a number of options that need to be considered. Some people are not sure whether to decide on the car first, then decide on whether to buy a new or used model, or whether to lease one.
Whatever the process that a potential customer goes through, the options for arranging finance should be considered almost as a separate item.
It is possible to go to Ford’s dedicated website and to potentially obtain pre-approval for a loan, and also possibly be offered special deals on certain cars as a pre-approved customer.
This will at least give the potential customer some idea of how much money they are able to borrow, and on what terms and conditions and how much it is likely to cost them.