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Valued Contributor
afbar1114
Posts: 2,177
Registered: ‎01-09-2012

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


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Valued Contributor
maiden_girl
Posts: 2,005
Registered: ‎12-29-2011

Re: Ford Credit payments...

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

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Frequent Contributor
coterotie
Posts: 469
Registered: ‎11-30-2012

Re: Ford Credit payments...

[ Edited ]

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.

Established Contributor
sccredit
Posts: 774
Registered: ‎09-14-2012

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.  

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Senior Contributor
StartingOver10
Posts: 3,824
Registered: ‎03-06-2010

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!

 


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