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.
Under certain circumstances, you may be able to extend your lease. Contact Customer Support for additional help with a lease-end extension.
How to Calculate a Lease Buyout Determine the residual value of the vehicle. Determine the actual value of the vehicle. Compare the residual value and the actual value. Account for license and registration fees. Account for sales tax.
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.
0% APR financing for 72 Months Available on select 2019/2020 Ford vehicles. Not available on 2019/2020 Super Duty,® 2019 Mustang Shelby GT350, 2019 Mustang Bullitt, 2020 Mustang, 2020 Ranger, F-150 Raptor, F-650/750, 2020 Transit or 2020 Transit Connect. Not all buyers will qualify for Ford Credit financing.
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.
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.