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.
Dear Honest John,

Please help me choose my next car. I would like it to have:
    Select a few terms below
Similar questions
Your scrappage scheme guide quotes a total discount of £4250 off a new Renault Clio, irrespective of whether cash, HP or PCP is used. However, I can get nothing better than an offer of £3500 - which includes...
Is it better to buy a used 2 year old car which has lost it's depreciation, or buy a new car within a 3 year car finance agreement to either buy at the end or release. Also should I now wait until after...
Honda are offering me their cars at cost price. How much less is that than list price?


Value my car