[otaku]

So having just bought my new fusion I've discovered a problem. The car came out to be 23k or so (after 3500 down) then financing and taxes bumped it up to 28k or so which is fine I get that. But now I notice on my paperwork that it says the final price is 31k or so thats another 3k and all I can see that would do this is defered payment, what is that? (this is my first new car so bare with me and help please!)

 

[Plucky2035]

That means to skip a payment. When you skip a payment, they add that month's payment to the end of the contract and a little interest is added. Basiclly you skip a payment and pay for it later at the end. When i had my ZX2, I had three defered payments, which pushed my car back three months later before I paid it off. Did you have a trade in with negative equity?

 

[otaku]

no. I haven't even made any payments either so is this just like insurance so if I have to? Doesn't seem right. But I think it may just be that the paperwork is a bit disorganized so I had it looked over and I think it may be alright..

 

[Showtime]

I think the salesman/finance manager pulled a fast one on you.

 

[chris06fusion]

[quote author=Showtime link=topic=63906.msg1097103#msg1097103 date=1165161467]
I think the salesman/finance manager pulled a fast one on you.
[/quote]

That's my thought too. That total seems way high

 

[otaku]

Called them up today they still can't explain what this is about. After downpayment I should only owe 24k or so. I'm going to call ford credit tomorrow and if I can't get the financing worked out I'm just gonna pay cash

 

[chris06fusion]

[quote author=otaku link=topic=63906.msg1097320#msg1097320 date=1165182518]
Called them up today they still can't explain what this is about. After downpayment I should only owe 24k or so. I'm going to call ford credit tomorrow and if I can't get the financing worked out I'm just gonna pay cash
[/quote]

Let us know how you make out tomorrow

 

[bbf2530]

  Hi otaku.  It is a good idea, as you said, to call Ford Motor Credit, or go to the dealer and have them explain the figures to you.  Something may be off (it wouldn't be the first time a Dealer tried to "be creative" in their figures) , but then again, it may not be.  Assuming I price your car with every option but the NAV and Audiophile (as you state in your other post), you come up with a price of $27,595 MSRP.  Not sure where you are located, but I am in New Jersey, so our sales tax is 7%.
$27,595 + $1,931(tax) = $29,526.
  Then you subtract $4500 (the $1000 rebate and your $3500 down payment, if you did not include your rebate as part of the down payment), and have a balance of $25,026.
  Now you are financing $25,026.  I'm not sure what type of financing you received, but taking a worst case scenario of 60 months at 4.9%, your payments would be approximately $471 dollars a month X 60 months = $28,260.
  So take the $3500 you put down, plus the $28,260 in payments over the next five years, and you get a total out of pocket of $31,760.

  Of course, I am making several assumptions here, such as that you paid about MSRP for the car, 60 months of financing etc.  And each one I am wrong about will affect the price one way or another. 
  Sorry for the long post, but I was trying to be as informative as possible (and hope my math was relatively accurate).  Good luck and I hope things work out for the best.

 

[otaku]

Spoke with ford motor credit and with my tax writer and you are correct BBF, guess I was just freaking out but the paperwork was loaded with text and numbers and they were all over the place.