Focused issues!

should_save_money_newbie

Hi,

Nearly at the end of my 3year ford options policy and am starting to look around at what to do next. At the end of the contract I will either owe £4840 as a final deposit and keep the car, haggle a part exchange and move to a new car or hand it over and walk away sobbing.

The secret boy racer in me really wants the new Focus ST but after visiting Mr “not so helpful salesman” I might have to reconsider. I fear that he had already met his quota so my Jedi bargaining skills were wasted :mad:

Apart from giving me a crap part exchange price (£5500) even after adding a 1k deposit the monthly quote is £522 over 36 months with a 7k final deposit.

Anyone got a cunning plan of how to lower my monthly repayments or should I try and save money by not buying a rally car.

Any advice would be cool, even if you tell me to buy a diesel instead!

roswell

a new one will cost you more .... a used one will still probably cost you more they wont swap car for car, depending on othere financial commitments maybe it time to just run it till its dead and save for a new car ???? or ever down grade sell private and buy private

plane_boy2000

Blimey - thats 25K for a car you can get through a broker for 15K. Which St were you interested in? Not sure what the rates are on Ford Options, but yo could sell your focus for at least 5500 in a private sale, and then borrow the balance at about 6% apr that would give you lower payments..................or buy a diesel............

I just dowgraded my car - sold my Audi A4 Cab and bought a smart roadster - its a hoot to drive and cheap to run!

should_save_money_newbie

I think your right, it does seem a tad excessive for something that will probably get nicked!

I’m slowly coming round to the diesel idea (could always get it chipped and buy the ford sports suspension!). I’ve just added up my weekly mileage and the ST averages about 19 miles to the gallon… so that probably wouldn’t categorise me as a money saver!

Any ford diesel owners out there to try and talk me round to joining the dark side?