[TOPFUEL]

why is it when ford ask for help from there labor union they got it without hesitation,Then they asked for more and recieved it now they want more and even it is being considered.
Why is it when I, a cunsumer of Ford products, A promoter of for ford and have had Ford products exclusively in my driveway for years one time ask for "a little help" in being released early from a lease I' like Ford have hit an economic downturn and have been laid off , all I was asking was a little relief and Im told absolutly not!!! I can gaurantee this will be taken into consideration in my future auto purchases
Ford is not the only player on the block but I dont think you have learned that as of yet !!! :banghead:

[RangerM]

I don't like being the one to say it, but you're saying (in effect), "Where's my bailout".

A car lease (payment) is not (and should not) be high on the list of priorities right now. It doesn't house you, feed you, clothe you or keep you healthy.

If you expect an extended unemployment, turn in the leased vehicle and use the money you would have spent on payments to purchase something outright (even a beater, if you must have a car to pursue employment). It may hurt your insurance rates (you may want to ask your agent), but your credit rating would take the same hit regardless. If you have a mortgage, you must investigate if the amortization is tied to your credit score. (all those persons who pursued mortgage loan modifications under the Government's program are learning the hard way what it does to their credit rating, per the law of unintended consequences)

I sincerely wish you the best of luck in finding new employment.

[Ford Jellymoulds]

Sorry to hear about your very harrowing experience your having at the moment, l do hope your situation improves. Maybe Ford need to make insurance provisions to cover this situation and offer it as optional extra when taking in out a lease.

In the UK very few private buyers lease cars it is very rare l have only known a couple of people that have leased cars, private buyers nearly all buy cars in the UK, and Ford UK offer an unemployment insurance protection policy at extra costs that covers layoffs.

Just interested how many car makers in the US offer to help you out if you get laid off if you lease a car, do they offer insurance provisions to protect you against layoffs?

[TOPFUEL]

RangerM, on Oct 23 2009, 07:32 AM, said:

I don't like being the one to say it, but you're saying (in effect), "Where's my bailout".

A car lease (payment) is not (and should not) be high on the list of priorities right now. It doesn't house you, feed you, clothe you or keep you healthy.

If you expect an extended unemployment, turn in the leased vehicle and use the money you would have spent on payments to purchase something outright (even a beater, if you must have a car to pursue employment). It may hurt your insurance rates (you may want to ask your agent), but your credit rating would take the same hit regardless. If you have a mortgage, you must investigate if the amortization is tied to your credit score. (all those persons who pursued mortgage loan modifications under the Government's program are learning the hard way what it does to their credit rating, per the law of unintended consequences)

I sincerely wish you the best of luck in finding new employment.

"NO" Thats not what I'M saying, But thats the answer I come to expect from "corp" America
What happend to plan old "customer service"? I'm not asking for a hand out or a freebie , but simply trying to find a solution to a problem!! Maybe longer term/release for a lessor pymt ,I have never asked for help unlike Ford mtr co who has squeezed there vendors there mgnt and there own work force but who turn a blind eye to there own consumers , not wanting to change the way they do bussiness .Corprate America is like a bunch of lemmings just follow no matter what !!!

[partsisparts]

TOPFUEL, on Oct 23 2009, 04:58 PM, said:

"NO" Thats not what I'M saying, But thats the answer I come to expect from "corp" America
What happend to plan old "customer service"? I'm not asking for a hand out or a freebie , but simply trying to find a solution to a problem!! Maybe longer term/release for a lessor pymt ,I have never asked for help unlike Ford mtr co who has squeezed there vendors there mgnt and there own work force but who turn a blind eye to there own consumers , not wanting to change the way they do bussiness .Corprate America is like a bunch of lemmings just follow no matter what !!!

There is not a car company in the world who will let you terminate a lease early. This is not just Ford's policy. They have calculated the lease end value on the car for the term you have the lease for. Not shorter. Therefore they will lose money at auction. If you cannot pay for the car, you may want to do a voluntary reposession. It will hurt your credit for a while but if the rest of your credit is good it will not hurt it for long. Good Luck.

[mbabbitt]

partsisparts, on Oct 24 2009, 09:44 AM, said:

There is not a car company in the world who will let you terminate a lease early. This is not just Ford's policy. They have calculated the lease end value on the car for the term you have the lease for. Not shorter. Therefore they will lose money at auction. If you cannot pay for the car, you may want to do a voluntary reposession. It will hurt your credit for a while but if the rest of your credit is good it will not hurt it for long. Good Luck.

you can sell it and pay off the lease

[Marginal Economist]

TOPFUEL, on Oct 22 2009, 11:56 PM, said:

why is it when ford ask for help from there labor union they got it without hesitation,Then they asked for more and recieved it now they want more and even it is being considered.
Why is it when I, a cunsumer of Ford products, A promoter of for ford and have had Ford products exclusively in my driveway for years one time ask for "a little help" in being released early from a lease I' like Ford have hit an economic downturn and have been laid off , all I was asking was a little relief and Im told absolutly not!!! I can gaurantee this will be taken into consideration in my future auto purchases
Ford is not the only player on the block but I dont think you have learned that as of yet !!! :banghead:

Are you looking for a deferment or other payment arrangements? I would think Ford Credit would consider these options. If you are one year in to a 4 year lease, I don't think any finance company would consider that. Have they offered you any payment options?

[ice-capades]

mbabbitt, on Oct 24 2009, 12:20 PM, said:

you can sell it and pay off the lease

Sorry but the leaseholder can't sell the vehicle and then payoff the lease. The vehicle Title is held by Ford Credit as they own the vehicle.

[whereswaldo]

ice-capades, on Oct 25 2009, 10:30 AM, said:

Sorry but the leaseholder can't sell the vehicle and then payoff the lease. The vehicle Title is held by Ford Credit as they own the vehicle.

What about Subleasing ??????

[mettech]

:reading:

What part of your lease contract did you not understand? :shades:

What would you have done if Ford asked you to pay a few months in advance to help them in this troubled economy? :finger:

A contract is what it is...An agreement that covers all contingencies.

[ice-capades]

whereswaldo, on Oct 25 2009, 11:28 AM, said:

What about Subleasing ??????

Leasing a car, truck or SUV is not like renting an apartment!

[Deanh]

TOPFUEL, on Oct 22 2009, 10:56 PM, said:

why is it when ford ask for help from there labor union they got it without hesitation,Then they asked for more and recieved it now they want more and even it is being considered.
Why is it when I, a cunsumer of Ford products, A promoter of for ford and have had Ford products exclusively in my driveway for years one time ask for "a little help" in being released early from a lease I' like Ford have hit an economic downturn and have been laid off , all I was asking was a little relief and Im told absolutly not!!! I can gaurantee this will be taken into consideration in my future auto purchases
Ford is not the only player on the block but I dont think you have learned that as of yet !!! :banghead:

opting out early from a COMMITMENT comes with consequences...but release or purchase another Ford and you ar elegible for a $1500 rebate...........

[mbabbitt]

ice-capades, on Oct 25 2009, 10:30 AM, said:

Sorry but the leaseholder can't sell the vehicle and then payoff the lease. The vehicle Title is held by Ford Credit as they own the vehicle.

i taked to ford credit and thay do not have a problem with you buyin it for what you ouw on it

[Deanh]

mbabbitt, on Oct 26 2009, 05:02 PM, said:

I talked to ford credit and thay do not have a problem with you buyin it for what you owe on it

correct, but 1/2 way thorugh a lease there is a 99% reality that the payoff is more than the car is actually worth........

[RangerM]

TOPFUEL, on Oct 23 2009, 03:58 PM, said:

"NO" Thats not what I'M saying, But thats the answer I come to expect from "corp" America
What happend to plan old "customer service"? I'm not asking for a hand out or a freebie , but simply trying to find a solution to a problem!! Maybe longer term/release for a lessor pymt ,I have never asked for help unlike Ford mtr co who has squeezed there vendors there mgnt and there own work force but who turn a blind eye to there own consumers , not wanting to change the way they do bussiness .Corprate America is like a bunch of lemmings just follow no matter what !!!

Problem is, you are asking the party whom you have a contract with to modify the contract, when they have no reason to, and at a time when you have little to bargain with. Ford isn't squeezing you, nor is it turning a blind eye. I'm not sure why you would expect any corporation (or individual) to be otherwise.

I can't speak for the leasing company, but I'd imagine the amount of aggression they have regarding repossession is largely dependent on your payment history, the age/worth of the car, and the amount of time left in your lease.

From their perspective, when a person stops paying on a timely basis (not that you have), the property holder becomes negligent in maintenance, and the longer the lienholder waits, the more decrepit the car/apartment/house becomes, and the less it's worth.

I'm assuming you've attempted to "sell the lease"; meaning you sign the lease over to another (whose credit qualifies)? I've not seen any lease agreement that disallows this. You might have to kick in some upfront money to make this happen, but it would save your credit score.

Like I indicated before, the first thing you need to do is prioritize. (NOTE: That's NOT meant as a solution, but damage control) I don't see a car lease payment as being high on the list, but I'm not you either.

Again, best of luck in your job search.