Hi, I had a deal from Ford, is it worth the money?

I need a new car, I love the new 1.0 Ecoboost 99bhp. Now I had a deal from Ford,

65reg, 1998miles, white, 5 doors, Zetec model. 2 1/2 manufacturer warranty left. 12 month MOT and newly serviced or inspected. HPI clear.

now Ford offers me:

1. one off payment £9600

2. finance:
0 deposit
48 months
no other product and service, i.e. no added Guaranteed Asset Protection, Lifetime painting protection etc.
£190 monthly payment
Guaranteed Future Value £3700
mileage allowance 15000 per year
no admin fees or other hidden charge

I am totally new to finance, so I don't know if it is a good plan?? any suggestions please? Should I go for it? Thanks

Terrible deal, as finance deals usually are, total mug's game. With Finance, you're essentially just paying off the difference between what the car is worth now and what it'll be worth by the time you finish paying. That car still isn't yours at the end of your contract, unless you decide to pay that Guaranteed Future Value of £3700 to buy the car, which is the standard price for what the age of the car will be by the time you've finished paying. So you've had to fork out nearly 10 grand, then you're paying 200 a month to basically rent the car, and I'm guessing you don't get insurance or tax?

I'd advise two options - either use your 9 grand to buy a used car (you can get something very recent with this money if you're looking for a small Ford), or go for a lease deal.

I lease my Ford Fiesta Titanium. I got it brand spanking new on a 3 year contract, no upfront payment, and I'm paying 200 a month - that price includes insurance, tax, MOT, breakdown cover, major repairs, yearly service... pretty much everything apart from petrol. I also get the option to buy the car at the end, but honestly I'd rather just start a new contract at the end of it and carry on paying 200 all in to get another new car. By the time your car is a few years old you'll inevitably have to start pumping money into it to maintain it and it can cost you over a grand per year just on that alone - not me. If anything goes wrong I get it repaired, already paid for in my 200 a month. Worth paying for the peace of mind alone, knowing that not only and I not gonna have to come up with a lump sum to repair the car at any point and that 200 (plus petrol) is all I need, but also I'm never driving around in a car that's any older than 3 years old so it's unlikely to become seriously faulty anyway.

Hi Woody, my wife wants a car. Can you recommend a website to find lease deals, like the one you just mentioned above?

Thanks John.

You can get an idea of things from websites like WhatCar, but honestly mate there's no substitute for cutting out the middleman, going to Ford directly, discussing what you're after and putting together a custom contract so to speak. Like, if you went through a website or broker you might get a lease on my car for somewhere between 100-150, but it'll include nothing but the car and maybe servicing or MOT. I managed to haggle in all the bells and whistles for 200 a month, I'm not much of a smooth talker but I am quite assertive whilst having a warm manner about me, you've just gotta be friendly but let them know what you want and don't let them talk you into something different or push you beyond what you can really afford.

Sounds good. Do you have to visit them in person, or can it be done over the phone. What should i put in Ford or toyta dealership, in to google when i am looking for the number to call i mean?

Call them to arrange an appointment, but business is always done best face-to-face I say. Just type, say, if you lived in Epping for example, trustford epping or toyota epping dealership and their info should pop up on the page somewhere If you can get around then I'd never take the first offer you get either - write everything down, say you're gonna shop around and go to other dealerships in your area as each dealership may offer different deals and/or be harder to haggle down. I went to three different dealerships and obviously went with the best offer.

Terrible deal, as finance deals usually are, total mug's game. With Finance, you're essentially just paying off the difference between what the car is worth now and what it'll be worth by the time you finish paying. That car still isn't yours at the end of your contract, unless you decide to pay that Guaranteed Future Value of £3700 to buy the car, which is the standard price for what the age of the car will be by the time you've finished paying. So you've had to fork out nearly 10 grand, then you're paying 200 a month to basically rent the car, and I'm guessing you don't get insurance or tax?

I'd advise two options - either use your 9 grand to buy a used car (you can get something very recent with this money if you're looking for a small Ford), or go for a lease deal.

I lease my Ford Fiesta Titanium. I got it brand spanking new on a 3 year contract, no upfront payment, and I'm paying 200 a month - that price includes insurance, tax, MOT, breakdown cover, major repairs, yearly service... pretty much everything apart from petrol. I also get the option to buy the car at the end, but honestly I'd rather just start a new contract at the end of it and carry on paying 200 all in to get another new car. By the time your car is a few years old you'll inevitably have to start pumping money into it to maintain it and it can cost you over a grand per year just on that alone - not me. If anything goes wrong I get it repaired, already paid for in my 200 a month. Worth paying for the peace of mind alone, knowing that not only and I not gonna have to come up with a lump sum to repair the car at any point and that 200 (plus petrol) is all I need, but also I'm never driving around in a car that's any older than 3 years old so it's unlikely to become seriously faulty anyway.

How have you got them to include the insurance? Like who have they insured you with, Ford insurance? Have they just insured you with any company and added that onto your monthly price?

I suggest you look online too though, good deals are to be had anywhere- it's why places are in business.

http://www.whatcar.com/car-leasing/

This is the way I would do things. It will be likely to give you the best deal and by going through a company that actually specialises in leasing you will have easier customer support too.

I linked the guy to WhatCar as well as they are worth a look to see what sort of thing they do, but as I say, I'd personally use these as a base to get a price estimate and then go straight to the dealer. I actually think you're likely to get more support from the dealer once you're already on the contract if anything goes wrong with the car - first thing they'll wanna do is have you bring it into one of their garages and have a Ford-specialist mechanic look at it, whereas a lease company have to pull strings to go through a third party garage, assuming repairs and stuff are thrown in. Not to mention, if you do want all the extras like I wanted, lease companies again have to go through third parties to do this and they get a bit funny about doing this sort of thing from my experience when I was shopping around. Going to the actual dealer who have their own garages and insurance, you're gonna have a much easier time.

I'll have to have a look at this method because it's new to me but I'm not doubting the fact that it's a good idea. I've had friends with company leases that want the van towed hours away to a random main dealer when there's one very close so I do understand on that front.

Did they try to sell you PCP or some kind of finance? Were they reluctant to offer you that kind of deal or did they do leasing already (which my local ford dealer does iirc) but you just cut out the middleman?

I'm insured by Ford Insure, fully comp Good thing is, they're less likely to be picky about my car getting repaired, they'll just take it into their own garage.

One more question, did you pay an initial deposit? And how much was it, if you did?

Sorry for so many questions. But if I can get a deal anywhere near this good, I might just be visiting some nearby Ford dealerships soon.

Terrible deal, as finance deals usually are, total mug's game. With Finance, you're essentially just paying off the difference between what the car is worth now and what it'll be worth by the time you finish paying. That car still isn't yours at the end of your contract, unless you decide to pay that Guaranteed Future Value of £3700 to buy the car, which is the standard price for what the age of the car will be by the time you've finished paying. So you've had to fork out nearly 10 grand, then you're paying 200 a month to basically rent the car, and I'm guessing you don't get insurance or tax?

I'd advise two options - either use your 9 grand to buy a used car (you can get something very recent with this money if you're looking for a small Ford), or go for a lease deal.

I lease my Ford Fiesta Titanium. I got it brand spanking new on a 3 year contract, no upfront payment, and I'm paying 200 a month - that price includes insurance, tax, MOT, breakdown cover, major repairs, yearly service... pretty much everything apart from petrol. I also get the option to buy the car at the end, but honestly I'd rather just start a new contract at the end of it and carry on paying 200 all in to get another new car. By the time your car is a few years old you'll inevitably have to start pumping money into it to maintain it and it can cost you over a grand per year just on that alone - not me. If anything goes wrong I get it repaired, already paid for in my 200 a month. Worth paying for the peace of mind alone, knowing that not only and I not gonna have to come up with a lump sum to repair the car at any point and that 200 (plus petrol) is all I need, but also I'm never driving around in a car that's any older than 3 years old so it's unlikely to become seriously faulty anyway.

I need a new car, I love the new 1.0 Ecoboost 99bhp. Now I had a deal from Ford,

65reg, 1998miles, white, 5 doors, Zetec model. 2 1/2 manufacturer warranty left. 12 month MOT and newly serviced or inspected. HPI clear.

now Ford offers me:

1. one off payment £9600

2. finance:
0 deposit
48 months
no other product and service, i.e. no added Guaranteed Asset Protection, Lifetime painting protection etc.
£190 monthly payment
Guaranteed Future Value £3700
mileage allowance 15000 per year
no admin fees or other hidden charge

I am totally new to finance, so I don't know if it is a good plan?? any suggestions please? Should I go for it? Thanks