Ford Options And Swapping Cars

[DarrylW91]

Just wondering if anyone knows how Ford Options works in regards to trading in your car.

I've just signed up for a 3 year finance deal on a Zetec S, but I know I'll get tempted to look at other cars long before 3 years is up.

Does anyone know whether you can trade your car in early and how this works in terms of payments etc?

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[btmaldon]

You can trade in early. They will value your car on a PX basis less what you still owe, and use any balance towards a deposit on the new car. They will set it up as a new Finance deal.

The main thing to be wary of is the PX offer they make on yours. They gave me £6300 on a 2 year old Focus Estate and put it on sale for £8995. I wasn't too bothered as the Focus I bought had been reduced by £4000. So don't expect a great PX offer.

[Ru4hie]

You have to keep it for a minimum of 9 months I belive, if you can time your change before your service is due and tax needs renewing you can save a few quid depending on what deal they offer you on the new car

[DarrylW91]

Oh thats fine, I'll probs look to change after about 18-24 months.

Luckily I'm tax free! Need to make sure I do change before I reach my mileage allowance though

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[Jordanch]

I was looking into this too. It's not as easy as just PX- it depends if you are in positive equity or negative equity of the car and if you are in negative then that is added on to the next car, it's easy to calculate yourself but I'm sure Ford will work out for yourself when you decide to Part Ex.

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[Dave-2912]

Need to make sure I do change before I reach my mileage allowance though

Your mileage allowance is irrelevant if you are trading the car in, other than affecting the PX valuation.

Going over your agreed mileage only matters if you intend to hand the car back when you will be charged for being over.

[DarrylW91]

Your mileage allowance is irrelevant if you are trading the car in, other than affecting the PX valuation.

Going over your agreed mileage only matters if you intend to hand the car back when you will be charged for being over.

Oh I didn't know that.. well that's something less to worry about!

I haven't even taken delivery of the Fiesta yet so I'm definitely a way off part exchanging, but it's good to know that you have the option to trade in if you get bored etc.

[wesmst-2]

Your mileage allowance is irrelevant if you are trading the car in, other than affecting the PX valuation.

Going over your agreed mileage only matters if you intend to hand the car back when you will be charged for being over.

This i correct i traded my (ford Options) focus in with 12,000 my deal was meant to be 6k a year only applies if u take it back after 2yrs and give it back. Also you can change car after 9mnths this is what i do

[The Admiral]

A bloke at work as the same deal but changes his religiously every 2 years seems a good deal or is it?,

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