Benefits of Extending a Ford Lease If you're happy with your current vehicle and not ready to lease or finance a new model, a lease extension lets you keep driving it without a long-term commitment. Lease extensions also allow for time to explore other vehicle options if you're unsure what you want next.
Ford Europe's number one confirmed the halt to production of the Focus. Electric car sales for Ford are not paying off, with the division dedicated to battery-powered models reporting losses of £1 billion in the first quarter of 2024. That is an average of £105,000 lost per model sold.
Some car manufacturers, including Audi Financial, Acura Financial, BMW Financial Services, and Ford Credit, have partial or complete restrictions on third-party lease buyouts. GM Financial and Honda have also joined the list of brands that don't allow you to sell your lease outside the brand.
Ford Credit is a member of the Finance and Leasing Association (FLA) and adheres to their Lending Code.
Ultimately, there's no right or wrong answer. Leasing is generally cheaper up front, but owning is cheaper long term, albeit with more frustration as the car ages. Leasing gives you more peace of mind, but owning gives you more freedom. Only you know what's right for you.
The Foreign Executive Lease Program (FELP) is a national lease program that offers international employees relocating to the U.S. for a temporary (non-immigrant) work assignment the ability to lease a new Ford or Lincoln vehicle at a Tier 1 rate cap.
Benefits of Extending a Ford Lease If you're happy with your current vehicle and not ready to lease or finance a new model, a lease extension lets you keep driving it without a long-term commitment. Lease extensions also allow for time to explore other vehicle options if you're unsure what you want next.
The main difference between leasing and renting a property is the length of the contract. Leasehold is usually granted for at least 21 years and can last as long as 999 years.