Ford Lease Car Frequently Asked Questions
If you are looking to Lease a Ford in the UK you may have some questions about how to go about it, when it the best time of year or the types of vehicle available. In this article we address some of those points to make your decision to lease a ford easier.
What is the best time of year to lease a Ford?
Actually, there isn't really a best time of year as such in terms of getting a better rate. Prices on most cars increase quarterly or 6 monthly, so every time 1/4 of the year passes, the list price on the car will increase slightly which generally means the lease prices increases in line with the change in vehicle cost. However there can sometimes be additional deals available in March and September, as this is when new registrations are released and as such you might find pre registered lease cars available at a better rate.
Can i lease a Ford with a bad credit history?
This is a tough one, as each lender has different criteria and some deals may be available to some and not others, in the same way a mortgage or credit card would be. We generally advise that if you have bad credit then to be upfront about it at the start, this will help us steer you toward offers from lenders that may consider you application. There is no point test driving a vehicle and looking through dozens of lease quotes to find out you are not eligible. Any individuals with a CCJ, IVA or bankruptcy against their name are unlikely to be considered for most lease deals through any provider.
How Many miles can i have on a Ford Lease?
The answer to this is the same as the answer to all car lease deals. The minimum annual mileage is 5,000 and the maximum is normally 50,000 per annum, although very rarely would we see someone doing that kind of mileage on any agreement.
What is the best length of contract for a lease car?
This can vary dependent on the deal. You will generally find that the longer the contract the cheaper the monthly rental equates to. For example a 60 month deal is the maximum and generally the cheapest. 48 months is normally very close. 36 month, 24 month or shorter contracts can be more expensive, but you will still find deals on 24 and 36 months that are close or even cheaper. Its best to ask dependent on which car you are interested in. You may also want to consider how long you are happy to commit, and remember that locking in a cheap rate for a longer deal now, means you have that rate fixed for the whole term. Whereas taking a shorter lease means you have to renew sooner, at a higher rate.
Is it more expensive to insure a lease car in the UK?
No, there is no reason why a leased car should be more expensive to insure than a car you own outright or have on any other type of finance agreement. However you will need to ensure you have fully comprehensive insurance, meaning you cant reduce your premium by opting for 3rd party, fire and theft only. All Lease contracts must be insured with fully comprehensive insurance.
Can I let anyone drive my lease car?
Yes you can, provided that they hold a full UK driving license and are a named driver on a fully comprehensive insurance policy. You should remember that irrelevant of who is driving, the lessor (you!) is responsible for the vehicle and any damage may be recharged to you at the end of the lease.
Do Ford Car Leases include Road Tax?
Also known as RFL (road fund license), all lease deals from Ready2Lease include RFL for the duration of your contract. This will be included in the monthly cost. It is important to note that changes to RFL rates are often passed onto the end user by the lender, although these are infrequent and small.