Has anybody ever dealt with Ford Credit financing? What advice do you have? I want to buy the car that I am currently leasing from them but afraid that my credit isn't going to cut it on the financing end of it. I dont' want to get a co signer either. I was able to lease the car in my own name but over the course of my lease I have had some financial difficulties and had late payments (none over 30 days), one judgement along with other late payments. I will only have $6500 left to pay on my car after my lease ends in November '06. Any advice would be helpful.
Never dealt with Ford on anything, but the resale value would be higher than the $6500 payoff, try to apply locally for financing and see if you can get away from a creditor you have a bad history with. If you are denied locally try to see if Ford will work with you, they have a interest in denying you credit and re-selling the car for more than the payoff, so they will probably deny the loan. Let us know how this works out for you, but be advised it is your choice, I just offer uneducated advice.
You never know If you have not been late on your Ford Credit account more than 30 days, they just might be okay and re-fi. It would certainly be within their interest to let you return the vehicle and lease/buy again. They have an interest in retaining you as a loyal customer.
