Jump to content


Fors Options/passport

  • Please log in to reply
1 reply to this topic

#1 beef



  • New Member
  • Pip
  • 1 posts
  • Name: bethan
  • Ford Model: fiesta
  • Year: 2012
  • Location: Ceredigion

Posted 08 August 2011 - 05:49 PM

Hey, just recently bought a fiesta so waiting for that till in Sept :)

I went for the ford options/passport (fianance) instead of the normal finance as i thought monthly payments were less, but after the 3 years i would owe them money if i opted to keep the car. Has anyone else gone for this finance? i feel that ive made a wrong choice because i owe them money or i get a new car in 2014 on fianance again, so you are stuck with them.

Please reply, hopefully one of you guys thought its a good thing!



Have something to contribute?

Sign in or register to start a topic...

Sign up to FOC Premium Membership To Remove These Ads

#2 btmaldon


    Ford Enthusiast

  • True Ford Enthusiast
  • PipPipPipPipPip
  • 2,592 posts
  • Name: Bruce
  • Ford Model: KA Edge, BMW 320i Coupe M Sport
  • Year: 2015
  • Location: Essex

Posted 09 August 2011 - 09:33 AM

I dont think you made the wrong decision. If you were paying the full loan over the same period, your monthly payments would be a whole lot more. This way you pay less and still have the option of giving the car back without paying the final amount, or moving onto another new car under similar terms.

This way is far more flexible and the APR is competitive. It also helps people to own new cars who would not normally be able to afford it. I certainly would not have been able to afford a new car any other way without having a loan over 6 or 7 years, which would have resulted in me paying far more in interest charges.

As with any car purchase, if you have the cash, you wont want finance as you wouldnt want the interest charges, but if your like me, and need to limit the monthly payments, yet do not want to be paying over too many years, this way is ideal.

Not what you're looking for?

Register now, we have a huge community of enthusiasts to answer any questions you might have

0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users