English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

My lease is due to end on 1/24/08. I currently pay $350.15 per month, I have 22,500 miles on the car now. I will have 6 months left on the lease on 7/24/07. A friend of mine told me that you could turn a lease in upto 6 months early w/o penalty, is that correct? Also, my overage is .20-.25 per mile. I am going to buy a new FORD when this lease is up, what are my options? I want to limit the amount of money I will have to pay whether I turn the lease in now or when it's due, please advise.

2007-07-12 06:38:32 · 2 answers · asked by eric k 3 in Cars & Transportation Buying & Selling

2 answers

Major captive lenders for auto dealers like FMCC, GMAC, or DCFS will offer a pull-ahead program during different times of the year. This will allow you to terminate the lease early without penalty. However, you will need to call a Ford dealership and ask some questions about it. When you call ask for the Lease or Re-Lease manager.

The dealership can also buy out your lease as well. In this case they will cover the remainder of your payments and your lease turn in fee and roll this into the financing on a new vehicle or lease. This is similar to trading in an auto you owe more on than the trade value. They can do the same thing with your excess mileage charge.

Rest assured a creative Finance Manager can find a way to get you out of your lease and into a new vehicle. Your payment will go up a bit. Look for 0% financing to save a boat load on interest.

2007-07-12 06:56:32 · answer #1 · answered by Alvin W 3 · 0 0

Go to your Ford Dealer, this is a very easy one, they'll pull you right out and put you into a new one.

2007-07-12 14:01:42 · answer #2 · answered by jay 7 · 0 0

fedest.com, questions and answers