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  • Ford Car Lease

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  • Revv Open offers options for Ford car lease. Choose from flexible tenure options from 12 months to 48 months. The booking fee for a used car begins at Rs.2,000. Revv Open delivers the leased car to the lessee’s doorstep in 30-45 days
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    Ford EcoSport can be taken on lease in India from the car lease vendor, Revv Open. The lease rental offered by BankBazaar starts from Rs.21,000 per month and goes up to Rs.29,000 per month depending on the city it is being leased at as well as the tenure opted for. The lease tenure options offered are between 1 year and 4 years.

    Features of Ford Car Lease

    Some of the features of the Ford Car Lease option offered by Revv Open are given below:

    • No down payment: You need not worry about making a down payment to lease a Ford EcoSport. You can drive your car home and pay the monthly installments on time as mentioned in the agreement.
    • No maintenance charges: Revv will take care of the maintenance of your car for the entire lease period. You need not worry about expenses or dropping your car off at the garage as the leasing company offers doorstep car pick-up and drop services.
    • No pre-closure charges: You will not be charged if you decide to pre-close the lease.
    • No guarantor requirement: Banks usually require guarantors for car loans so that in case the car loan holder fails to repay the loan, the guarantor can repay it on his/her behalf. In case of Revv Open’s Ford Car Lease facility, no guarantor is required.
    • Option to take over ownership of the car: Revv Open will have ownership of the car during the lease period. At any time during the tenure of the lease, you can choose to take over the ownership of the car.
    • Lease tenure: The lease tenure is flexible and you can choose tenure options between 1 year and 4 years. You can choose a lease period as short as 3 months and extend it later as per your liking. You can also choose to return the car before completion of the lease period agreed upon.
    • Quick response time: Once you apply for the car lease facility, Revv Open will get back to you in less than an hour.
    • Quick approval: The approval process for a Ford EcoSport car lease is quick and easy. This is because Revv’s application and approval process are paperless and are carried out online.
    • Cost-effective: Leasing a car from Revv Open will turn out to be cheaper than getting a car with the help of a car loan. You can compare the EMIs plus down payment payable towards a car loan with the monthly installments payable towards a car lease.
    • Mobile app: The lease vendor also offers a mobile application where you can complete the entire process of applying for the car lease. Also, during the lease tenure, you can make maintenance requests for the car through the app.

    Ford Car Lease – How it works

    The car lease process is very simple and includes very minimal work as explained below in these 5 simple steps:

    1. Select a car model from the wide range of cars available for leasing with Revv Open and reserve it online.
    2. Check your eligibility by answering a few questions laid down in the app.
    3. Make the initial payment. For a used car, the booking fee is Rs.2,000. In case of a new car, you will have to pay a nominal deposit along with the first monthly installment. The security deposit is fully refundable.
    4. The car will be delivered to you in 30-45 days in case of a new car and on the preferred date in case of a used car.
    5. You will have to pay the monthly installments for the lease period until you return it. If you enjoy driving the car, you can always acquire it instead of returning it.

    You will have to mandatorily buy a car insurance policy for the car. The cost is not included in the EMI and you must bear the cost.

    Eligibility Criteria for Ford Car Leasing

    • You should be between 21 years and 40 years to apply for the car lease.
    • You must hold a valid driving licence.
    • The EMIs payable by you should be less than 50% of your income.
    • The minimum income bracket for salaried is Rs.4.8 lakh p.a. and for self-employed is Rs.7.2 lakh p.a.
    • You must be a resident of one of the cities mentioned below:
      • Bengaluru
      • Hyderabad
      • Pune
      • Jaipur
      • Mysuru
      • Mangalore
      • Kolkata
      • Tirupati
      • Trivandrum
      • Vijaywada
      • Surat
      • Kochi
      • Ahmedabad
      • Vizag
      • Chandigarh
      • Mumbai
      • Delhi

    Documents Required

    • KYC documents – Proof of address, driving licence, and PAN
    • Income proof
    • Bank statement
    • One photograph

    Ford Car Lease FAQs

    1. Can I turn in my Ford EcoSport before completion of the lease tenure?
    2. Revv Open offers flexibility in choosing the preferred lease period for your Ford EcoSport. You can choose to extend your lease period or shorten it too. The lease rates will change accordingly and will be communicated to you by the company.

    3. How much will I have to pay to buy-out the car?
    4. You can buy out the car you have availed on lease at a pre-determined amount. At the end of the lease period or when you wish to acquire the car, you can let the company know so that they can initiate the transfer of ownership process.

    5. Can I return my Ford EcoSport at any dealership?
    6. You are required to return the Ford EcoSport, that you have taken on lease, in the same city you availed the facility at.

    7. What is the EMI payable for a Ford EcoSport car lease for a 1-year tenure?
    8. The car lease EMI for Ford EcoSport differs from city to city. The minimum price is Rs.27,300 per month and the maximum is Rs.29,000 per month.

    9. What is the EMI payable for a Ford EcoSport car lease for a 4-year tenure?

    The EMI for the 4-year tenure is comparatively lesser than the EMI for the 1-year tenure. The EMI for Ford EcoSport car lease ranges from Rs.21,000 per month to Rs.23,000 per month. The price varies from city to city.

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