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Leasing a vehicle is similar to renting an apartment in that you make monthly payments while enjoying temporary use of the vehicle. A lease may be an attractive option if you're not interested in owning a car right now or you prefer to drive newer vehicles.
If you want to view your Ford Credit payoff online: Sign in to Account Manager. Click on "View Payoff Amount." Within the document, you will find the address to send your payoff check.
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?"
Buy out the lease vehicle for the purchase price (if applicable) in your lease agreement or; Return it, and walk away (subject to applicable fees or charges)
You can negotiate the price of a lease buyout, but it's not easy. At the beginning of your lease agreement, the lender has already calculated the residual value of the car (the value after the lease ends), and that amount usually never changes.