When making a payment of any type of finance on a Ford car or truck, there can be a number of discrepancies as to what is actually included with such a payment. The whole area of auto finance and credit covers both the sale and leasing of cars and trucks.
Ford credit is a type of dealership financing that caters to both these markets. When you arrange either to buy or lease a vehicle from Ford a number of different options can be included in terms of what makes up the loan agreement or the lease agreement.
When buying a car, the final sale price should clearly specify how it is made up. There are a wide range of extras that can be included or not, and depending upon how the dealership acts, the customer can either be left with a number of areas that they need to pay for themselves, or alternatively which are included in the original auto loan deal.
What does a Ford Car Payment include
These areas normally include items such as various servicing and maintenance plans, various vehicle protection plans and programmes such as vehicle service contracts, servicing and maintenance contracts, extended warranties and different types of roadside assistance programs.
There is also the whole question of auto insurance and GAP insurance. Whilst these are not normally included in the auto loan agreement, it is possible that the payment for GAAP insurance may be, and this should certainly be clarified.
When leasing a Ford car or truck there is a monthly repayment cost, that is not a repayment figure such because Ford retain title to the vehicle. It can be thought of more as a monthly rental charge, but same principle applies as to what it does and does not include.
All the above areas can come into play as well with a leasing program, and it is down to the customer to negotiate with the Ford dealership what is and is what is not included. Typically, there is likely to be some scope for negotiation on servicing and maintenance plans, and obviously a lease on a new vehicle will come with a manufacturer’s warranty should be included within the price of the vehicle.
