Count yourself Lucky, i was barely 20 when i get into my agreement and rushed into it, 29% apr i am on... I know that is stupidly high, i was thinking about contacting them about it because frankly its pathetic. The salesman/manager at ford to rushed me into it (me never doing this before) just threw 10 sheets at me saying sign here, here, here and here. I was going to read them and he said, its nothing important just PPP etc...!!! i got screwed major and i dont think there is anything i can do... :( or is there?

If you signed up to 15% then that is what you should pay. You can try renegotiating but don't expect anything - there is no reason for them to change a binding contract. You admit you like the car and are happy with what you got (except for the interest rate) so why shouldn't you pay what was agreed. Next time read all the small print and shop around for alternatives before signing anything.

Hi,

Has anyone tried/had any success renogotiating the APR of their fininace agreement?

I have a mondeo thorugh motorpoint on their 'boomerang' PCP, and (I know this makes me sound like an idiot, and I should certainly know better!) I realised its a pretty poor deal that I'm paying 15% APR- especially considering I have an excellent credit rating.

I've been considering my options, and I dont really think getting a loan and taking the early resettlement is necesserialy the best option because its a 56 plate mondeo and therefore unlikely to sell, and if it does will be worth no where near the GFV of £4,100.

I'm 15 months through a 36 month agreement, so won't be half way though (for early termination) until about month 26.

Thus, I'm thinking a good overall option would be to renegotiate the apr rate to something lower, then just hand the car back after 36 months. I can afford the car (I have car allowance from work), and it's a nice car that I really like- I just feel I'm paying way too much!! And yes, I have learnt a good lesson!!

Thanks!