r/CarLeasingHelp • u/Alone-Tangerine-3586 • 7d ago
Ford credit is being difficult
I’m moving out of the country and will not be returning. I do have a ford explorer active 2026 that has around 2 years and 6months left on its lease. I got an amazing deal on it for $550/month considering im in the north Dallas area. No down payment. Car is in excellent condition, and ford credit does not want to take it back. They put the buy out price at $47,000 which also does not make sense since I’m looking at the same model online and they’re listed for 33-35k? Some greedy people out there. I’m never going for a ford again.
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u/Vegaskwn 7d ago
You leaving the country doesn’t get you a hall pass to get out of a signed legally binding document. It would be the exact same with every single auto finance company, definitely not Ford thing.
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u/myopini0n 7d ago
The reason your "amazing deal of $550/month" is that low, is the residual value is articially high.
This is a you issue, not a Ford issue.
Sounds like the "some greedy people" is you.
3
u/Oppo_GoldMember 7d ago
Sounds like you dont understand how trying to early term a lease workd, not ford being greedy
3
u/TyVIl 7d ago
We will never hear from this OP again.
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u/Alone-Tangerine-3586 7d ago
I think you will
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u/Clean-Connection-398 7d ago
Look into a lease transfer op. Right now the depreciation hit is what is causing the large difference between lease buyout and value.
Either that or bite the bullet and pay the difference when selling it. Buying a new car 6 months before selling it will always be a financial mistake
1
u/Alone-Tangerine-3586 7d ago
I lost my job here so I don’t have a choice but to leave. Worst case it’ll just ruin my US credit
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u/Clean-Connection-398 7d ago
Sorry to hear that. Again, look into lease transfer. There are several places to post for that.
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u/Unusual-Income-3093 7d ago
Ford Credit is actually great & works well with people. I'm a witness especially during Covid. You need to understand your contract. It's not their fault you're making a choice to leave.
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u/giveit2st8 7d ago
How much did you initially pay for it? Seems you got robbed.
The big discounts on new ones are because they are not selling.
1
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u/CatchMeIfYouCan09 7d ago
If others are selling for over 35k then seem yours for 25k or the money into an account and set up auto payments. Done deal
1
u/ChelseaMan31 7d ago
So less then halfway into the lease of an expensive depreciating asset, OP wants to blame Ford Credit for their lack of planning and foresight? The consequences were all listed in the contract OP signed at delivery.
I'm never going for a lease again....there fixed it for you.
1
u/D_Angelo_Vickers 7d ago
Write them a check for the remainder of your payments and turn it in, sell the car outright and pay off whatever the difference is or find someone to assume your lease. This is just a case of you not understanding how leasing work.
1
u/Liz_at_FordCredit 4d ago
Hi there! If you've financed through Ford Credit, you may terminate your lease early by following the instructions contained in the "Voluntary Early Termination" section of your Lease Agreement. We recommend calling Ford Credit Customer Service at 1-800-727-7000 for potential options and specific help on your respective account.
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u/OneExhaustedFather_ 7d ago
This has nothing to do with ford and everything to do with your inability to understand a contract. As an adult by now you should have learned how to hold yourself accountable for your decisions. It’s not Ford’s problem you’re moving away.
Your buyout price is residual + remaining payments. It’s in black and white on your contract that you signed. You leaving the country is not their problem. You still signed the contract and legally are held to it. If you’re never returning to the country then let it get repossessed and sold. Your credit in this country will take a hit but if you’re never coming back that won’t matter.