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Ford car credit - advice please?!
Legendbully
Posts: 32 Forumite
in Motoring
Hi All,
Sorry, wasnt sure what area to include this in so hopefully someone can advise me. My question(s) relate to my current credit agreement with Ford.
Basically, I took out an 'options' plan with Ford about 20 months ago and I pay £280 a month for my fiesta zetec which is an '09' plate. I've been told this is quite a high amount to be paying so rekon I've been a bit of a mug with this and didnt haggle enough when I bought it, but that aside, I need to seriously consider taking it back as i'm struggling to pay everything
and I need to renegpotiate my outgoings where a car is concerned!
What I'd like to do is get a car on a lease scheme as 1. I need it for work and 2. Im not fussed at all about actually owning my own car, I just want the use of one! I know leasing includes the cost of all servicing, parts etc as well and should drop my monthly payments overall. My main questions are:
- If I walk into Ford and say I cant afford my car anymore, will they offer me a deal on a lease scheme? If they do, will my credit rating be effected if the previous financial agreement is broken (I took the car out over 3 years, so still have 16 months left technically!)
- Im happy to shop around for other lease scheme deals, but does anyone know of any good ones?
I live in Kent and have a few places to approach, but thats only if Ford will let me cancel my existing agreement! I could cancel with them saying I cant afford it at all then go somewhere else to start a lease scheme, but cant be without a car because of work.
I dont really want to pay anymore than about £200 a month to be honest, so any advice/guidance on hows best to go about this will be MUCH appreciated
Oh and any tips will be useful as well 
Thanks in advance,
Anna xx :j
Sorry, wasnt sure what area to include this in so hopefully someone can advise me. My question(s) relate to my current credit agreement with Ford.
Basically, I took out an 'options' plan with Ford about 20 months ago and I pay £280 a month for my fiesta zetec which is an '09' plate. I've been told this is quite a high amount to be paying so rekon I've been a bit of a mug with this and didnt haggle enough when I bought it, but that aside, I need to seriously consider taking it back as i'm struggling to pay everything
and I need to renegpotiate my outgoings where a car is concerned!What I'd like to do is get a car on a lease scheme as 1. I need it for work and 2. Im not fussed at all about actually owning my own car, I just want the use of one! I know leasing includes the cost of all servicing, parts etc as well and should drop my monthly payments overall. My main questions are:
- If I walk into Ford and say I cant afford my car anymore, will they offer me a deal on a lease scheme? If they do, will my credit rating be effected if the previous financial agreement is broken (I took the car out over 3 years, so still have 16 months left technically!)
- Im happy to shop around for other lease scheme deals, but does anyone know of any good ones?
I live in Kent and have a few places to approach, but thats only if Ford will let me cancel my existing agreement! I could cancel with them saying I cant afford it at all then go somewhere else to start a lease scheme, but cant be without a car because of work.
I dont really want to pay anymore than about £200 a month to be honest, so any advice/guidance on hows best to go about this will be MUCH appreciated
Oh and any tips will be useful as well Thanks in advance,
Anna xx :j
0
Comments
-
If the agreement has no early termination clause i doubt they will offer you another deal. You need to be careful
that terminating the agreement wont put a negative on your credit rating.
You will find it hard to get anything if that happens.
You need to read the contract carefully.Censorship Reigns Supreme in Troll City...0
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