in deep trouble..
#5
Join Date: May 2009
Location: London/Cambridge Ontario
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Long story short, my truck is almost paid off, I made a huge mistake to lease to own because I was informed it was the same as financing except there was an option to not keep the vehicle at the end. and they are now asking me a ridiculous buyout amount of 8500! and it must be safetied and e tested before it can leave Ford and be truly mine. I'm almost sick that I was tricked so bad!
#8
#10
Join Date: May 2009
Location: London/Cambridge Ontario
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yea im seeing that now, sadly they made those details very vaigue. could be the reason my sales person at ford no longer has a job.. ill bite the bullet for this one but ill be learning from this bad experience.. im just hoping when my time comes it will get through a safety and still be my dd.
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#14
#16
Join Date: May 2009
Location: London/Cambridge Ontario
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and i had every intention of keeping it since the first week i had it, endless modifications later and there is no way ford would ever want to take it back. as it has become quite a unique pickup. hopefully im not stuck with a $40000 invested paperweight after the safety. but time will tell..
who knows, i may end up posting it up for sale soon after i buy it out, just to help recover from that bite in the a$$.. offers?
#18
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#22
Join Date: May 2009
Location: London/Cambridge Ontario
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the only reason i leased was because it was pushed upon me through the sales person at the time. there were noticible rate incentives to lease at that time, and every sales tactic i was told led me to believe i couldnt get screwed for it in comparison to financing. i was simply mislead on my deal and if i had known better i would have financed it.. being young and excited over a new vehicle didnt help my sence of guidance either..just a youthfull mistake
#23
thinking back, i cant actually recall ever recieving a copy of the agreement, and all they ever gave me for a buyout was a quote from 4-5 thousand. i never had a paper stating the final numbers. i just never imagined a $21000 ranger leased over 4 years @ $408.60/month would end up costing me closer to $30000 out and done. i can guarante that no more new vehicle purchases are in my near future lol..
and i had every intention of keeping it since the first week i had it, endless modifications later and there is no way ford would ever want to take it back. as it has become quite a unique pickup. hopefully im not stuck with a $40000 invested paperweight after the safety. but time will tell..
who knows, i may end up posting it up for sale soon after i buy it out, just to help recover from that bite in the a$$.. offers?
and i had every intention of keeping it since the first week i had it, endless modifications later and there is no way ford would ever want to take it back. as it has become quite a unique pickup. hopefully im not stuck with a $40000 invested paperweight after the safety. but time will tell..
who knows, i may end up posting it up for sale soon after i buy it out, just to help recover from that bite in the a$$.. offers?
ALWAYS read the agreement before you sign anything. If you've got the lease agreement, read that sucker now. if someone put it in writing on that piece of paper that your quote was say 4500, and you signed it, then they can't charge you a nickel over that.
currently going thru the same situation sort of with my dads RAM lease, he leased it from a dealer near us, and they closed, so when we went to turn the truck back in at a different dealer, they claimed they didn't have to honor the agreement and tried to screw us for some of the things we didn't agree to.
#25