A lease extension refers to a legal agreement that extends the term of an existing lease or rental agreement. The lease extension should name the parties involved, the dates on which the extension begins and ends, and should reference the earlier agreement being extended.
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.
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.
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.
0% APR for 72 mos. 0% APR financing for 72 months at $13.89 per month per $1,000 financed regardless of down payment (PGM #20184). Residency restrictions apply.
If you're exploring a Ford lease with bad credit, don't worry—it's absolutely possible! While your credit score can affect your leasing options, many people with poor credit successfully lease cars every day.
What Credit Score Do I Need To Qualify For Ford Credit? ing to Ford Motor Credit, applicants should have a credit score of at least 650 to qualify.
There's no standard credit score needed to lease a car. However, you stand a better chance of being approved for a lease with a favorable interest rate if you have good credit or better. On the FICO scoring range, that's a score of 670 or above, though lenders may prefer a score of 700 or above.
As a result, you'll often find more attractive lease deals and incentives. The months of November and December are particularly fruitful, as dealerships push hard to meet their annual sales targets.