Ford Credit operate a leasing scheme referred to as red carpet lease, which gives the impression of it being quite special and reserved for dignitaries or people of the importance. Ford red carpet lease deals on trucks are designed to offer to customers special deals that encourage them to commit some type of long-term relationship with a Ford dealership.
When leasing a truck from Ford, it should ideally be thought of as something akin to a long-term rental, with certain restrictions in terms of modifications and alterations to the truck, and also the fact that the individual does not entitle to the truck.
It should also be realised that any lease deal is similar to a car lane in many ways, and should be thought of in similar terms regarding the negotiations of credit and cost of the vehicle itself. Any lease deals offered by Ford unlikely to be done either on a national basis, or through a specific range of dealerships.
These red carpet lease deals could be offered on things such as a low or zero rate interest, deals on vehicle protection plans regarding servicing and maintenance contracts, roadside assistance plans etc.
Ford Red Carpet Lease Trucks
A red carpet lease agreement will work as a long-term contract, with a fixed period such as 24/60 months.
There will be a fixed repayment cost for the individual to pay during that time, and I will be lease and costs payable at the end of the period. These lease and costs relate to charges covering excess wear and tear to the interior of the vehicle and also any damage repairs needed to be outside of the vehicle.
Prior to the lease period coming to an end, normally one or two months before, and inspection of the vehicle will be arranged and the scope of lease end costs established.
The individual will then be given the option of either having worked on themselves prior to the lease finishing, or letting Ford do the work once a lease has finished and then being charged accordingly.
It is worth mentioning that the way the costs are cultivated should be specifically itemised in the lease agreement itself and agreed upon at the outset of the contract being entered into.