Ford continues to offer Retail Leasing to Clients

After a lot of speculation that Ford may cancel leasing like Chrysler and General Motors. Ford Canada remains in the Leasing Business. There are some adjustments made to Residual Values to reflect the current market. The vehicles that have the highest resale will have lower payments and vice versa for vehicles that have lower resale values. This is a relief to our Clients who typically lease a new vehicle every 3 years and like the idea of getting a new car or truck more often.

Still available and unique to Red Carpet Lease are:

Additional (Extra) Kilometers: Additional kilometers may be purchased at lease inception for $0.11 per kilometer for new Expedition and Lincoln vehicles (except MKZ) and $0.08 per kilometer for all other new vehicles. Lessees who purchase additional kilometers at lease inception but do not use all of the kilometers, and do not choose to exercise their purchase option, will be reimbursed for the unused portion of the additional kilometers purchased upon satisfactory termination of the lease.

Optional Advance Payment Plan: A Red Carpet Lease program that permits the lessee to prepay all monthly lease payments up-front. Lessee receives a discount in the form of a reduction in their RCL monthly lease payment. At lease end, a final invoice is generated for any unpaid excess kilometers, wear and tear charges and other miscellaneous charges. Please see your dealer for details.

Standard GAP Protection: If your Red Carpet Lease customer's vehicle is stolen or damaged beyond repair during the term of the Red Carpet Lease, Ford Credit will waive the difference - or gap - between your insurance payoff amount and the amount due on the lease's early termination payoff amount. With gap protection, the customer is only responsible for the insurance deductible, any lease payments which are due prior to the accident, other charges up to the date of the total loss and any excess kilometrage charges*. In contrast, conventional retail purchases and some other leases do not automatically include gap protection, which means that you are responsible for any differences between the insurance proceeds and the actual payoff amount.
Note: In the event of a theft or accident customers should contact FCCL immediately to facilitate.
* Kilometrage charges will be calculated on a pro-rata basis as of the date of the total loss.

You can Lease or Finance a vehicle and you decide what makes more sense to you. Having a choice is the most important thing after all.