Glossary
Additional (Extra) Kilometrage : Additional kilometres may be purchased at lease inception. Lessees who purchase additional kilometres at lease inception but do not use all of the kilometres, and do not choose to exercise their purchase option, will be reimbursed for the unused portion of the additional kilometres purchased upon satisfactory termination of the lease.
Advance Payment Plan : A Red Carpet Lease program that permits the lessee to prepay all monthly lease payments up-front. Lessee receives a discount in the form of a reduction in their RCL monthly lease payment. At lease end, a final invoice is generated for any unpaid excess kilometrage, wear and tear charges and other miscellaneous charges. Please see your dealer for details.
Extended Service Plan: Ford ESP, a comprehensive Service Contract Plan compliments your Ford factory limited warranty. Never want to worry about an unexpected repair bill again. Choose the coverage that is right for you from a wide range of coverage options based on individual needs. Pay for future repairs today. The present ESP helps protect against inflation and increasing parts and labour costs. Get the details about the Ford Extended Service Plan at your local Ford or Lincoln Dealer.
GAP Protection: A unique feature of our Red Carpet Lease that waives the difference - or gap - between your insurance payoff amount and the lease payoff in the event your leased vehicle is stolen or destroyed. Gap Protection is included at no extra charge with your RCL contract, provided you have the insurance required under the lease contract.
First Time Buyers: Ford Credit offers special programs to "First-Time Buyers" who meet specific lending criteria. Certain qualifications do apply. Please contact your local Ford or Lincoln dealer for more information.
Low Kilometre Lease: Take advantage of our Ford Credit Low Kilometrage Lease Program, which provides you with 20,000 kilometres per year. Since you are paying for fewer kilometres, you can enjoy a reduced monthly payment.
Standard Kilometre Lease: A standard Red Carpet Lease provides a generous 25,000 kilometres per year program. If you expect to drive more than 25,000 kilometres per year, you can adjust your kilometrage to meet your needs.
WearCare®: Optional program that waives up to $3,500 in excess wear and tear charges at lease end. WearCare®, subject to exclusions, could waive any damage that exceeds Ford Credit's standards for normal wear and tear and is not covered by your insurance company. See your dealer for details.