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Ford makes some of the most impressive new cars, trucks and SUVs on the market, leasing or financing is a great way to get all the benefits of driving one of Ford's most popular new models.
What Is A Lease Buyout?
Leasing is what it sounds like, in a lease you buy the car for its residual value. The residual value is calculated by calculating the value of your car at the start of the rental period and deducting any depreciation losses. The longer your lease expires, the more the residual value of your car decreases. There are two types of leases:
Redemption at the end of the lease: This is the most common form of redemption of a lease. You wait until the end of the lease term, then you buy your vehicle for the remaining value.
Early Lease Buyout: Slightly more complicated than an end-of-lease buyout, an early lease buyout allows you