Finance figures are now available

[Monty]

How can this work when Ford is not offering a 4 year Ford Option to buy deal?
Also you can do this with all car finance deals as long as you have paid back 51% of the finance.

Didn't realise Ford only did up to 36 months. You could change in 18 months then, in that case.

Yes, the "51%" applies to all finance. But I'm assuming with 'options', most people are focusing on the monthly payment and plan to give the car back after the term anyway.

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[Stark]

Didn't realise Ford only did up to 36 months. You could change in 18 months then, in that case.

Yes, the "51%" applies to all finance. But I'm assuming with 'options', most people are focusing on the monthly payment and plan to give the car back after the term anyway.

Yeah unfortunately it appears that 36 months is the maximum term with a balloon payment at the end. 48 months if your paying to buy the car :(

 

[Monty]

Yeah unfortunately it appears that 36 months is the maximum term with a balloon payment at the end. 48 months if your paying to buy the car :(

No matter how you jiggle the fiance options on the Ford site, there's always an unpleasnt figure or two!

I'm not entirely sure why the 'options' method, over exactly the same period seems to be a lot higher than normal finance (£1.5K more on the default £30K 36month example). Anyone?

 

[Kristian87]

got a couple of quotes from my dealer yesterday...
interestingly, choosing 24 months instead of 36 months on the "Ford Options" plan only increased my monthly payment by £5 but saved about £1k on the "total charge for credit". No brainer really.
Plan to get a loan after the 2 years and handle the final payment that way. No way I'm handing mine back

 

[mikeyw]

got a couple of quotes from my dealer yesterday...
interestingly, choosing 24 months instead of 36 months on the "Ford Options" plan only increased my monthly payment by £5 but saved about £1k on the "total charge for credit". No brainer really.
Plan to get a loan after the 2 years and handle the final payment that way. No way I'm handing mine back

Pricing up a V8, selecting 36 saves £89 over the 24 months :shrug:

You spend 1400 more on interest, but the final payment is only £2400 less over 36 months. So you're battling heavier depreciation over 24 months.

 

[benanderson89]

Hi guys just for you that don't no, you can now work out figures for the mustang on the Ford website. 6.8%APR and no deposit from Ford, pretty poor if you ask me but that's coming from a salesman.

PFFFFTTT

4.9% from Barclays bank it is, then.

 

[benanderson89]

Actually, selecting Ford Options I'll only be paying £272 a month for the car at 36 months. That's pretty spectacular. I'll have £5k in cash plus another £7k in trade-in from my old car (they'll only accept a max of £12k deposit). I'll have to see what my bank can give me because I hate PCP agreements. I'd much rather get it on Hire Purchase.

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