Toppy

I see what you mean, but i dont think i'll intend to buy the car after the two years, instead swap it for another one. I was under the impression that its around £6900 Minimum future value, does that mean that if the car is more than that after the two years, i would get the profit to put towards another car?

 

Is it a decent deal at £124 for £1000 deposit then? (The deposit is coming from a part exchange)

 

Yeah, its 2 years. I chose this because its less APR at 4.9%

 

As far as i can remember, its around the £6900 mark. 

Might be me being stupid; but why should i put less deposit down if i was to get a new car after the two years?

BrumBrum

I presume this is on ford options?

From memory at the end of the 2 years you have 3 options

1, hand the car back and walk away with nothing

2, pay the remaining finance £6900 and the car is yours

3, use the equity in the car as a deposit for your next ford, doing this they will normally offer you more than the future minimum value.

Remember that talking out an agreement like this there is a maximum number of miles you can drive it each year without getting charged a per mile premium. You can choose how many miles you are allowed to drive but increasing the allowed mileage will change your finance payments and minimum future value.

4, another option at the end of the 2 years is to change to another make of car, if they are offering you a better trade in price for your car. Just as in No 3 above they will pay off the finance with ford and you can use the balance as a deposit.
 

But in answer to your original question, yeah I think that this is a good deal & I agree why should you pay less of a deposit. A larger deposit means less finance.