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Ford's finance plan looks too good to be true - what's the catch?

I'm looking to buy a new Ford, and I'm normally a cash buyer, but their Options Cashplan seems like a win-win. I pay no more overall, I pay the balance three years later - when I get the option to keep the car or part-exchange for a new model. I'm unlikely to go over the mileage limit. I can't see any downside - am I missing something?

Asked on 14 October 2017 by Roarke

Answered by Honest John
If the total of the deposit, the total monthly payments and the balloon payment at the end add up to the list price of the car, you have paid no more. But a good broker can probably get you a 15 per cent - 20 per cent discount on the list price of the car.

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