Basic leasing question
Discussion
Mrs Humpy has a 1.25 Fiesta Zetec that she is looking to change. It is 2 years old and we always buy our cars on Ford Options, replacing them every 2-3 years. We never buy the car at the end of the term.
I had a quote to replace her car with an identical car putting down £500 and with monthly payments at £185 a month (currently paying c.£180 a month) which on the face of it seems quite attractive. Until I looked at leasing.
Through Nationwide Vehicle Contracts it looks like we can get a Fiesta 1.0 Ecoboost 140 ST-Line for c.£140 a month with £420 down (3 months) plus a £180 processing fee.
This looks a much better deal on the face of it. Slightly more down, but monthly payments a lot less and a better car. But am I missing anything?
I know that Ford sell Options on the fact that you may have equity in your car when you come to change it but in our experience this isn't the case.
Thoughts?
I had a quote to replace her car with an identical car putting down £500 and with monthly payments at £185 a month (currently paying c.£180 a month) which on the face of it seems quite attractive. Until I looked at leasing.
Through Nationwide Vehicle Contracts it looks like we can get a Fiesta 1.0 Ecoboost 140 ST-Line for c.£140 a month with £420 down (3 months) plus a £180 processing fee.
This looks a much better deal on the face of it. Slightly more down, but monthly payments a lot less and a better car. But am I missing anything?
I know that Ford sell Options on the fact that you may have equity in your car when you come to change it but in our experience this isn't the case.
Thoughts?
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