Today, more and more new vehicle customers are choosing a
Why? Because Ford Credit's Red Carpet Lease Plan is one of the best ways to enjoy a new Ford or Lincoln Mercury vehicle. With Ford Credit's Red Carpet Lease Plan, your payment is based on the amount of the vehicle's value you use over the term of the lease.
On the other hand, when you purchase a vehicle,
you pay for its full value (plus taxes) up front,
even though you may only drive it for a few years.
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Lower Monthly Payments
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Because you pay only for a portion of the vehicle's total value, Red Carpet Lease monthly payments are lower than monthly loan payments over the same term.
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Low Initial Cost |
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Although you can make a down payment, a security deposit and the first month's lease payment are usually the only up-front costs of a Red Carpet Lease.
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Shorter Terms |
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Lower monthly payments enable you to select a 24 or 36 month lease term. The result... you free yourself from long-term debt commitment and avoid the maintenance and repair costs associated with owning an older vehicle.
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More Vehicle For Your Money |
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For the same monthly payment as a purchase, you can usually lease a vehicle with more of the options and features you want.
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Drive A New Vehicle More Often |
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Red Carpet lease allows you the opportunity to enjoy the excitement of driving a new car or truck every two years.
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Guaranteed Future Purchase Price |
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Ford Credit guarantees the future purchase price of your leased vehicle when you return it in good condition (based on vehicle age and normal wear and tear) at lease-end.
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Gap Protection |
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A Red Carpet lease includes special Gap Protection to cover the difference (gap) between what your insurance company will pay and what is owing on your lease in the event your vehicle is stolen or destroyed in an accident.
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Tax Advantages
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For business people, a Red Carpet Lease may have important tax advantages. Ask your accountant or financial consultant to outline the specific advantagesthat may apply to your situation.
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Three Great Options At Lease End |
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A Red Carpet Lease can offer you three great options at the end of your lease.
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- A New Vehicle
Once you've enjoyed many of the financial benefits and pleasures that leasing has to offer, you'll probably choose to lease a new vehicle again. As an established Red Carpet Lease customer, getting a new vehicle is almost as simple as exchanging keys.
- Purchase The Leased Vehicle
Unless you have chosen a lease that states otherwise, your Red Carpet Lease Agreement gives you the option to purchase your leased vehicle at a guaranteed price. Remember, if you purchase your leased vehicle, you will be responsible for applicable taxes on the purchase price.
- Walk Away
If your transportation or financial needs have changed, you're always free to "walk away" once all your leasing obligations have been fulfilled.
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A Red Carpet Lease to
Meet Your Needs
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Ford Credit Canada Limited has been a leader in making leasing understandable and affordable. We offer a number of different Red Carpet Lease options and payment plans to match your specific needs.
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A Choice Of Terms
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Red Carpet Lease Plans are available for terms ranging from 24 to 48 months to suit your requirements.
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Total Kilometres |
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Every Red Carpet Lease comes with one of the most generous yearly kilometre allowances in the industry. If you are a high-kilometre driver, a Red Carpet Lease can be one of your best options. Simply ask your dealer to develop a Red Carpet Lease payment around the number of kilometers you drive annually.
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Save With A Downpayment
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If you have a trade-in or extra cash on hand, you can use it as a downpayment. This will lower your monthly Red Carpet Lease payments.
Autodebit
For your convenience, you can arrange to have your monthly lease payments withdrawn from your bank account through Fords AutoDebit service..
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Advance Payment Plan - Single Payment Convenience |
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With the Advance Payment Plan you can reduce your total leasing costs by prepaying your lease with a single up-front payment.
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