Finance takeover for 2014 Ford Focus HB - good deal?
I've been searching for a 2nd car for a while and came across an ad on kijiji for a finance takeover. The car is a 2014 Ford Focus SE Hatchback. Mileage is 65K and comes with a set of winter tires on rims as well. Has extended powertrain warranty, which I assume is for 5 years, so good for another year or so. The biweekly payments are 135 including tax and there's about 3 years left. So in total, it works out to be 10,500. What I like about the deal is that financing and taxes are already included in it. If I were to buy another used car, I'd have to either get a loan or use a line of credit anyways. As this is a finance deal, there are no further payments after 3 years. What do you guys think? Good deal?