Lease Options at Joe Cooper Ford of Edmond

We'll beat any deal on a New Vehicle by $500 or, We'll give you $10,000

Considering leasing a new Ford? Whether it's your first time or you've leased before, we're here to explain what exactly leasing is, the benefits of leasing and your available options at the end of your lease. While it isn't the best choice for everyone, many drivers will find that leasing suits their lifestyle and financial situation very well. Keep reading to learn more about what happens at the end of your lease!

What is a Lease?

Leasing allows you to drive a new car without actually owning it. Instead, you'll simply make monthly payments for around two to three years, depending on your initial lease agreement. New vehicles depreciate quickly, which means you lose some of your investment immediately after driving off the lot. Lease payments often cover the cost of depreciation, though. At the beginning of your lease, you'll be given a mileage limit, typically 12,000-15,000 miles per year, but you'll also have the option to pay more for additional miles, should you need them.¹

Benefits of Leasing

While making lease payments works similarly to auto loan payments, monthly lease payments are often more affordable than monthly loan payments. The down payment on your lease is also usually lower than it would be if you chose to purchase your vehicle. Additionally, since you're leasing a brand-new model for just a few years, you won't have to worry about paying for massive repairs or services. Your vehicle will likely be covered by a warranty for the duration of its lease, meaning you'll only be financially responsible for routine maintenance like oil changes and tire rotations.

Leasing is convenient and flexible. At the end of your lease, you won't have to worry about selling your vehicle or trading it in. It could even help you drive a new Ford model every few years! This means you get to enjoy perks like the latest features, safety systems and technology.¹

Your Lease-End Options

When your lease is over, you'll be faced with three possible choices:

trade in the lease for a new one

purchase it outright

simply return it to the dealership

If you've enjoyed your time with the Ford but want to upgrade to a newer version of the same model (or a different model), trading it in and starting a new lease could be a great option. And since you've already been through the leasing process once, you'll know what to expect.

On the other hand, perhaps you've discovered that you aren't ready to part with the vehicle since you've enjoyed it so much. That's also ok! You can simply purchase it and keep driving it indefinitely.

However, if you aren't sure how to proceed but find yourself at the end of your lease, you can simply return the lease and pay any remaining fees (for excess mileage or wear and tear).

For more information or to discuss your lease options further, contact us today or stop by our dealership at 600 W. Memorial Rd. Oklahoma City, OK 73114. And don't forget to check out our current new car specials to see if you could get an exceptional lease offer on the Ford you want. We look forward to serving our customers near Edmond, Moore and Midwest City.

¹https://www.edmunds.com/car-leasing/quick-guide-to-leasing-a-new-car.html

Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Price does not include applicable tax, title, and license charges. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week.

Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week.