A Ford lease allows drivers to pay for a vehicle's expected depreciation over a set contract length, typically 24 to 48 months, rather than funding its full purchase price. Monthly Red Carpet Lease payments are calculated using the negotiated capitalized cost, projected residual value, money factor interest rate, and agreed annual mileage allowances of 10,500, 12,000, or 15,000 miles.
Understanding how a Red Carpet Lease operates helps shoppers evaluate upfront fees and monthly financial commitments before choosing a vehicle. When you lease a new Ford truck or SUV, you....