Does Ford offer high mileage leases?
When considering leasing a vehicle, many drivers wonder if manufacturers like Ford offer high mileage lease options. High mileage leases are designed for individuals who anticipate driving more than the standard mileage limits typically associated with traditional leases. In this article, we’ll explore whether Ford provides such options and what you need to know about them.
What Is a High Mileage Lease?
A high mileage lease is a leasing option that allows for a higher annual mileage limit compared to standard leases, which usually cap mileage at 10,000 to 15,000 miles per year. These leases are ideal for drivers who commute long distances, travel frequently, or simply drive more than the average person. By opting for a high mileage lease, you can avoid costly excess mileage fees at the end of your lease term.
Does Ford Offer High Mileage Leases?
Yes, Ford does offer high mileage lease options. Through Ford Credit, the financing arm of Ford Motor Company, customers can customize their lease agreements to include higher mileage limits. This flexibility ensures that drivers who need more miles can tailor their lease to fit their lifestyle and avoid penalties for exceeding standard mileage caps.
How Do High Mileage Leases Work with Ford?
When leasing a Ford vehicle, you can work with your dealership to determine the appropriate mileage allowance for your needs. Here’s how it typically works:
- Standard Mileage Options: Ford leases generally come with standard mileage limits of 10,500, 12,000, or 15,000 miles per year.
- Customizing Your Lease: If you anticipate driving more than the standard limits, you can negotiate a higher mileage allowance at the start of your lease. This will slightly increase your monthly payment to account for the additional depreciation caused by higher mileage.
- Excess Mileage Fees: If you exceed your agreed-upon mileage limit, you’ll be charged an excess mileage fee, typically calculated on a per-mile basis. Opting for a high mileage lease helps you avoid these fees.
Benefits of a High Mileage Lease
Choosing a high mileage lease with Ford offers several advantages:
- Cost Savings: Avoid paying excess mileage fees, which can add up quickly if you exceed your limit.
- Flexibility: Tailor your lease to match your driving habits and lifestyle.
- Peace of Mind: Drive without worrying about penalties for going over your mileage cap.
Is a High Mileage Lease Right for You?
Before opting for a high mileage lease, consider your driving habits and needs. If you drive significantly more than the average person, a high mileage lease can save you money and stress in the long run. However, if your mileage is closer to the standard limits, a traditional lease may be more cost-effective.
Conclusion
Ford does offer high mileage leases, providing a practical solution for drivers who need more flexibility in their annual mileage limits. By working with your Ford dealership, you can customize a lease that fits your driving habits and ensures you avoid excess mileage fees. If you’re considering leasing a Ford vehicle, be sure to discuss your mileage needs upfront to find the best option for you.
Frequently Asked Questions
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.
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.
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.
Will Ford offer 0% in 2024?
On May 21st, 2024 Ford Mach-Es became eligible for 0% APR for 48 months.
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.
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 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.
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.
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 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.
