If you’re looking for an affordable car financing option, a Ford lease from Helfman Ford can be a great choice. But leases don’t last forever. Find out what you can do when your Ford lease ends.
What is a Ford Lease?
When you lease a vehicle from Helfman Ford, you get to drive it for a fixed period of time during which you make monthly payments. Because payments on a lease are usually lower than those on a loan, a Ford lease can allow you to drive a vehicle you might otherwise be unable to afford. Since you only have the car for a limited period, you’ll avoid the trouble of having to arrange for the maintenance and repair needs that are associated with older cars.
Once your lease is up, you have three options:
1. Walk Away
You can simply walk away after returning the car. You may have to pay a disposition fee and any additional charges for exceeding the mileage and wear-and-tear limitations specified in your lease, but the monthly payments will stop.
2. Lease Another Vehicle
After your lease has ended, you can take out a lease on another Ford vehicle. This can be a great opportunity to try a new body style or fuel type.
3. Buy the Vehicle
Finally, you can purchase the vehicle you have been leasing from Helfman Ford. The vehicle will be yours to keep, but you may have to continue to make monthly payments if you take out an auto loan for the purchase. In Texas, you will also be charged sales tax.
Lease the Ford Vehicle of Your Choice at Helfman Ford
If you are interested in leasing a new Ford vehicle from Helfman Ford, get in touch with our finance center today. We’ll be happy to help you find your ideal vehicle!
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Finance