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Guest Message by DevFuse

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What is a Disposition Fee?


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2 replies to this topic

#1 OFFLINE   bdegrand

bdegrand

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Posted 02 October 2017 - 05:44 PM

I leased a new 2017 C max last week 3yr lease and received a letter today from Ford Credit advising me of a $248 Disposition Fee on my lease agreement. I could not find it stated on my contract and the Ford Credit rep thought that it might be something new but she wasn't sure. Anyone hear of this?







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#2 OFFLINE   dtorres

dtorres

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Posted 02 October 2017 - 06:02 PM

From Google:

Disposition Fee. This fee is charged by the leasing company to cover the expense of cleaning up and selling the car after you return it at lease end. Most charge between $300 and $400.

It is imposed if you return the car and choose not to buy it at the end of the lease. They could call it a cleaning and prep fee, but the reality is they will charge you even if you return the car spotless and clean.

Edited by dtorres, 02 October 2017 - 06:05 PM.

Current:
2006 Ford Escape XLT
2008 Ford Taurus X Eddie Bauer

Past:
1984 Ford Tempo
1990 Ford Ranger XL
1998 Ford Ranger XLT extended cab
2004 Ford Sport Trac XLT

#3 OFFLINE   bdegrand

bdegrand

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Posted 03 October 2017 - 07:09 AM

From Google:
Disposition Fee. This fee is charged by the leasing company to cover the expense of cleaning up and selling the car after you return it at lease end. Most charge between $300 and $400.
It is imposed if you return the car and choose not to buy it at the end of the lease. They could call it a cleaning and prep fee, but the reality is they will charge you even if you return the car spotless and clean.


Thanks for the information.








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