In some cases, you might have the option to extend your Ford lease. This is a good choice if you are not ready to commit to a new vehicle. Speak to our finance professionals for more information about lease extensions.
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.
A formal lease extension requires you to sign a contract that extends the lease for a set term, often running anywhere from six to 12 months. This type of lease extension may also come with a revised monthly lease payment and revised mileage limits.
You may terminate your lease early by following the instructions contained in the "Voluntary Early Termination" section of your Lease Agreement. For more information on lease-end options please visit the Preparing for Lease-End page.
How Many Miles is a Typical Lease? A typical lease allows for 12,000 to 15,000 miles per year. However, at Gilchrist Automotive, we understand that drivers in Terrell may have different needs.
Red Carpet Lease offers multiple terms and eight different mileage options to fit your lifestyle. Enjoy payments that are usually lower than similar term financing payments and the benefit of driving a new vehicle more often.