Features & Benefits
Helping you understand what you're paying for is important to us. When applying for a Red Carpet Lease, your Ford dealership will provide you with a detailed, step-by-step review of the vehicle's final cost, down payment, cash or rebate amounts, and the lease charges involved so you know how your monthly lease payment is calculated.
Ford Credit offers a variety of mileage options and the ability to build in additional miles at lease inception, if the mileage base is 19,500 mileage per year, which cost less than paying for excess mileage due when you terminate your lease.
Ford Credit offers a variety of lease terms designed to meet your needs. We offer 24, 36 and 48-month leases for both new and used vehicles.
Gap Protection: A unique feature of our Red Carpet Lease that waives the difference - or gap - between your insurance payoff amount and the lease payoff in the event your leased vehicle is stolen or destroyed. Gap Protection is included at no extra charge with your RCL contract, provided you have the insurance required under the lease contract. With our lease Gap protection, you are only responsible for the insurance deductible, any lease payments which may be due and all other amounts due and owing under the lease.
Advanced Payment Program
Advance Payment Program (APP): 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 mileage, wear and use charges and other miscellaneous charges. Please call us at 708-345-9300 for details.
Peace of Mind
Peace of Mind: Peace of Mind allows customers who are 62 years of age or older to lease or finance a new vehicle without the worry of creating a future financial burden for their families. At no extra cost, Peace of Mind provides options designed to enable a family or estate to adjust in the event a customer should pass away before completing the lease or finance contract. These options include the chance to keep the vehicle or to turn it in and be freed of the remaining contractual obligations. Please call us at 708-345-9300 for complete program rules and qualifications.
Additional Deposit Program
Additional Security Deposits: A Red Carpet Lease program that allows customers to pay multiple security deposits at lease inception in exchange for a reduced monthly lease payment. Additional security deposits may be used to pay any excess wear and use charge, excess mileage or other excess charge at lease end. Any amount not applied to lease end charges will be refunded at lease end. Additional Security Deposits are not refundable during the term of the lease. Not available in all states. Call us at 708-345-9300 for details.
Ford Credit's Red Carpet Lease allows for normal wear and use during the period you lease your vehicle. View our Wear and Use section to find out what is considered normal wear and use.
Under normal driving conditions, and with routine preventative maintenance, you will most likely not incur excess wear and use charges . But what about those bumps and bruises beyond normal wear and use? Ford Credit's optional WearCare program can waive up to $2,500 in excess wear and use charges.
Call us at 708-345-9300 for additional information about the WearCare Program to learn how to avoid paying excess wear and use charges on your next lease.
Lease End Program
As the end of your lease approaches and you consider your next vehicle, Red Carpet Lease provides you with three great options:
- Purchase or lease a new vehicle - After fulfilling your lease obligations, this option allows you to drive off in a new car or truck. In addition, you can take advantage of any loyalty and vehicle incentives.
- Purchase your current vehicle for the price stated in the Purchase Option section of your Red Carpet Lease Agreement (plus any applicable taxes, license, title and registration fees).
- Return your current leased vehicle after fulfilling your lease obligations.
Approximately 120 days before your lease is scheduled to end, Ford Credit will send a Pre-Termination Brochure, outlining what to expect at lease end.