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Ford Credit payments...

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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

AMEX PRG; AMEX EveryDay $14,800; Freedom $6k; Sapphire $7k; IHG Select $5k; Discover $2,400; BofA Better Balance $9,100; Bank Americard $5,900; Citi DC $2,700; Citi Diamond $2,500; BestBuy $20,000; Amazon Prime $5k, United Club $15,000; Home Depot $20,000; Barclays $7,500

Total Credit Limits: $122,650
Message 1 of 5
4 REPLIES 4
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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
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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
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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.  

Ch 7 Discharge 3/12/2018
Cap One VentureOne $3,500, CapOne Savor $3,000, Kohls $2,000, BBVA $2,500

Closed CreditOne $800, Blaze MC $3,000, Waufair $5,000

Infiniti Financial lease
Subaru/Chase 1.99%

Message 4 of 5
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Moderator Emerita

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
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