Rules Of Lease Ford Bronco
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FAQ
What Is a Capitalized Cost Reduction? A capitalized cost reduction is any upfront payment that reduces the cost of financing. A capitalized cost reduction is generally associated with the purchase of a home or automobile. Reductions can be made from cash, the value of a trade-in vehicle, or through rebates.
A car's residual value is the value of the car at the end of the lease term. The residual value is also the amount you can buy a car at the end of the lease. A residual percentage will be provided when signing the car lease agreement to help you calculate your car's value at lease end.
If the mileage on the vehicle at the end of the contract is higher than the contracted mileage then there will be an excess mileage charge to pay. This is typically 5p - 10p per mile. For details of Finance Lease & Contract Purchase please contact one of our dealerships.
If you are over your miles, there will be a mileage charge assessed. Ford's mileage charges range from $0.10 to $0.20 per mile. The amount per mile charged depends on the vehicle's MSRP when it was originally new. "Can I buy out my vehicle at the end of my lease if I want to keep it?"
Browse our frequently asked questions or call (855) 228-1917 and we can figure out if leasing your next vehicle is best for you. Q: How many miles per year can I drive with a lease? A: Most lease agreements are for 10-15,000 miles per year, though higher mileage agreements can be arranged for an additional monthly fee.