Does Ford offer high mileage leases?
Yes, Ford does offer high mileage leases for some of its vehicles. These leases allow customers to drive more miles per year than a standard lease agreement without incurring additional fees.
Understanding Ford's High Mileage Lease Options
Ford recognizes that many drivers have higher than average annual mileage needs, whether due to long commutes, frequent road trips, or other lifestyle factors. To accommodate these customers, Ford provides high mileage lease options that increase the annual mileage allowance.
Typically, a standard Ford lease agreement limits drivers to 12,000 miles per year. However, Ford's high mileage leases can offer allowances of 15,000, 18,000, or even 20,000 miles per year, depending on the specific vehicle and lease terms.
Benefits of Ford's High Mileage Leases
The primary benefit of a Ford high mileage lease is the ability to drive more miles without incurring costly overage fees. Overage fees can quickly add up, often costing $0.15 to $0.25 per mile driven over the annual limit. By choosing a high mileage lease, drivers can avoid these fees and enjoy the flexibility to drive more without financial penalties.
Considerations for High Mileage Leases
While high mileage leases offer advantages, there are a few factors to consider:
- Higher Monthly Payments: The increased mileage allowance typically results in higher monthly lease payments compared to a standard lease.
- Potential Wear and Tear: Driving more miles can lead to increased wear and tear on the vehicle, which may impact the vehicle's resale value at the end of the lease term.
- Eligibility: Not all Ford models may be available with high mileage lease options, and eligibility may vary by region or dealer.
It's important for prospective lessees to carefully review the terms and conditions of any high mileage lease offer to ensure it aligns with their driving needs and budget.
Will Ford offer 0% in 2024?
On May 21st, 2024 Ford Mach-Es became eligible for 0% APR for 48 months.
Can you lease a car for $30,000 miles a year?
Most car leases allow from 10,000-15,000 miles on the vehicle per year. Higher mileage leases are available (ranging up to 30,000 miles per year), but cost more. Miles cannot be added or bought in the middle of a lease.
What is the 120 lease rule for Ford?
It all starts 120 days before your lease is over, allowing you plenty of time to research all your options. Those options include returning and leasing a new Ford, extending your lease, or buying your lease.
What is the highest mileage lease you can get?
All leases come with mileage limitations. They're usually between 10,000 and 15,000 miles per year, depending on your needs. This is where a high-mileage lease differs. It can raise the mileage cap up to 20,000 miles a year or more.
What credit score is needed to lease a car?
700
For the best chance of being approved for favorable lease terms, you should have a credit score of at least 700.
What is the price difference between 12,000 and 15000 mile lease?
Typically, there is a 2% point difference between 12,000 miles and 15,000 miles. If you plan to drive more than the mileage specified in the lease you can pay for the excess mileage up front, or at the lease termination.
How many miles is a 3 year lease?
When it comes to leasing, it's common knowledge that lessees agree to a maximum number of miles for the duration of their lease. Most often, those terms are 12,000 miles per year for a 36-month lease, which means that the lessee can go up to 36,000 miles total during the 3 year term.
What are Ford lease mileage options?
What Are Ford Lease Mileage Options? Ford lease mileage options set the number of miles you can drive annually without incurring additional charges. Typical mileage allowances range from 10,000 to 15,000 miles per year, with flexibility to adjust based on your driving needs.
Is Ford going to do 0 financing for 72 months?
Ford financing 0% extended Looks like ford is now offering 0% apr on both 60 AND 72 months as well as 1.9% on 84 months as of yesterday.
What are the mileage options for Ford lease?
What Are Ford Lease Mileage Options? Ford lease mileage options set the number of miles you can drive annually without incurring additional charges. Typical mileage allowances range from 10,000 to 15,000 miles per year, with flexibility to adjust based on your driving needs.
