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Ford Credit payments...

Valued Contributor

Ford Credit payments...

Just got a new ford tonight. Am i allowed to make payments a head of time? pay two months at a time? on lease


In my wallet: AMEX Gold; Freedom $1.5k; CSP $5k; Chase United $5k; Discover $2k
Last HP: 4/30
Message 1 of 5
4 REPLIES
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Valued Contributor

Re: Ford Credit payments...

I'd wait for the bill to be on the safe side.

As of 2017, rebuilding...
Message 2 of 5
Established Contributor

Re: Ford Credit payments...

Grits ain't groceries and leases ain't loans.

There is zero benefit to you to pay  a lease ahead of time or off early.  They aren't loans and thus don't have an interest component like a simple interest loan.

If you want to build up a payment reserve, put it into a savings account.  If you want to roll the dice buy a share of AAPL through sharebuilder.com each month you have an extra payment available.    Or maybe some Spyders, Qubes or Diamonds.

Message 3 of 5
Valued Contributor

Re: Ford Credit payments...


coterotie wrote:

Grits ain't groceries and leases ain't loans.

 


Put so perfectly.  Just fell over laughing, thank for the Friday afternoon chuckle.  

Starting a whole new chapter
Message 4 of 5
Moderator

Re: Ford Credit payments...


coterotie wrote:

Grits ain't groceries and leases ain't loans.

There is zero benefit to you to pay  a lease ahead of time or off early.  They aren't loans and thus don't have an interest component like a simple interest loan.

If you want to build up a payment reserve, put it into a savings account.  If you want to roll the dice buy a share of AAPL through sharebuilder.com each month you have an extra payment available.    Or maybe some Spyders, Qubes or Diamonds.


+1000  Well said!

 

Message 5 of 5