When someone enters a red carpet to lease agreement with Ford it will be for a fixed period of time, normally anything from 2 to 5 years, in the same way that an auto loan is a specified period of time contract.
A lease agreement works in many similar ways that of normal auto loan, with costs such as a down payment and monthly charge being worked out by specifically over the period of the loan.
With a lease agreement there is also the issue of the capital deterioration of the vehicle over the period of the time the lease is in effect, meaning that the entire lease agreement is worked out with quite a high degree of financial precision.
This is not to say that the areas that make up the lease are not negotiable at the outset, they are in the same way that the components of a normal auto loan are also negotiable.
Extend A Red Carpet Lease With Ford
This means that people need to be slightly For when talking about extending a red carpet lease. What normally happens is that at the end of a lease period a number of financial sends it to be tied up.
These normally relate to any excess mileage that may have been incurred by the customer, and any excess wear and tear to the interior and exterior of the vehicle itself, including any damage to paintwork or bodywork.
The customer is likely to be given the option of buying the vehicle outright as well, or possibly traded him for another vehicle and editing a new lease agreement.
All of these will to a large extent be conditional upon how the financial mechanics of the lease have operated during this period, and whether or not there had been any problems or issues concerning payment or car customisation problems.
As such extending a red carpet lease is normally thought of in terms of what happens at the end of it is period. Taking out a new lease is definitely an option for most customers, as is buying vehicle outright. As such, it should be thought of as a new arrangement in terms of negotiating the price and terms and conditions, as opposed to extending an existing contract.