fordfan91 Posted February 25, 2018 Share Posted February 25, 2018 Hey everyone, sorry if this has been asked before but hoping someone has some information. I have 3 year lease on a 15 Edge that ends this December. It's a 12.5k mile per year lease and I am only at 21k miles with 8 months to go, I will be under my miles limit by probably 10k. Does Ford allow leases to be turned in early that are in very good condition and under miles? I am looking to get a new 2019 Edge. Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted February 25, 2018 Share Posted February 25, 2018 We inquired with our dealer about an early turn in (ours is up in September) and they told us we will be eligible for early bird in June. 1 Quote Link to comment Share on other sites More sharing options...
fordfan91 Posted February 25, 2018 Author Share Posted February 25, 2018 We inquired with our dealer about an early turn in (ours is up in September) and they told us we will be eligible for early bird in June. Thanks for the response. I'm sure it's dealer specific but glad to know it's definitely possible. Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted February 25, 2018 Share Posted February 25, 2018 They did tell us we can get out of it now if we put something down on the next one but we decided against that. Quote Link to comment Share on other sites More sharing options...
1984Poke Posted February 25, 2018 Share Posted February 25, 2018 I turned in my last lease (2013 MKZ) three months early (March 2016 vs. June 2016), which I understand is the normal limit on the amount of time you can turn in your vehicle early. I inquired just recently (earlier this month) about terminating my current lease (2016 MKC) earlyas much as a year earlybecause I was contemplating buying another Lincoln (maybe BL MKZ) but was told I could not. I dont know if my experience is typical. My current vehicle is only the second time I have leased. 1 Quote Link to comment Share on other sites More sharing options...
1984Poke Posted February 25, 2018 Share Posted February 25, 2018 I think three months early to three months late (extra lease time) is the time period permissible with your lease without some special exception approval. 1 Quote Link to comment Share on other sites More sharing options...
blazerdude20 Posted February 25, 2018 Share Posted February 25, 2018 Hey everyone, sorry if this has been asked before but hoping someone has some information. I have 3 year lease on a 15 Edge that ends this December. It's a 12.5k mile per year lease and I am only at 21k miles with 8 months to go, I will be under my miles limit by probably 10k. Does Ford allow leases to be turned in early that are in very good condition and under miles? I am looking to get a new 2019 Edge. Also depends on trade in value. If you have equity in it you can trade it in at any time and the lease term and mileage is irrelevant. Good luck! 1 Quote Link to comment Share on other sites More sharing options...
akirby Posted February 25, 2018 Share Posted February 25, 2018 Also depends on trade in value. If you have equity in it you can trade it in at any time and the lease term and mileage is irrelevant. Good luck! I don’t think it’s that simple with a lease. Quote Link to comment Share on other sites More sharing options...
blazerdude20 Posted February 25, 2018 Share Posted February 25, 2018 (edited) I dont think its that simple with a lease.Not sure from ford but Honda worked that way. Had a civic lease and quickly released it was a horrible vehicle and got rid of it after 6 months. The lease states a projected value each month. No different than a regular loan where you either have equity when you trade it off or negative equity. Edited February 25, 2018 by blazerdude20 Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted February 25, 2018 Share Posted February 25, 2018 Not sure from ford but Honda worked that way. Had a civic lease and quickly released it was a horrible vehicle and got rid of it after 6 months. The lease states a projected value each month. No different than a regular loan where you either have equity when you trade it off or negative equity. That might be a Honda thing. The only thing Ive seen on my lease is the value at the end of the lease. Quote Link to comment Share on other sites More sharing options...
akirby Posted February 25, 2018 Share Posted February 25, 2018 That just means Honda allowed you to do a trade in at any time during the lease. Ford and most other mfrs do not until you’re within the last few months. You couldn’t have taken that Civic to a Ford dealer and traded it in. Quote Link to comment Share on other sites More sharing options...
fordfan91 Posted February 26, 2018 Author Share Posted February 26, 2018 Thanks for the responses everyone! I'm going to reach out in a few months and see what the deal is. Definitely want to wait for the 2019 Edge. Quote Link to comment Share on other sites More sharing options...
blazerdude20 Posted March 22, 2018 Share Posted March 22, 2018 That just means Honda allowed you to do a trade in at any time during the lease. Ford and most other mfrs do not until you’re within the last few months. You couldn’t have taken that Civic to a Ford dealer and traded it in. I did just that, and bought a Focus Hatch. The financing company just wants to get their money out of the vehicle. They could care less if you trade it or sell it... only if you turn it in. There is a distinct difference in the contract. Quote Link to comment Share on other sites More sharing options...
Deanh Posted March 22, 2018 Share Posted March 22, 2018 you can turn it in as early as you want but you are still liable for the remeining payments UNLESS trade in value is greater than the payoff ( doubtful ) the only other alternative is to wait until you are three months from lease end and do an early bird , but that requires purchasing another Ford. These rules are NOT dealer specific..... Quote Link to comment Share on other sites More sharing options...
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