Help Car Finance

bora333

I have a car on HP got it a year ago... there is still 15k on HP

Now i want to trade that car in for a car at £28k.... My problem is i can only get a HP/Loan now for 12k.. i cant get £28k because they see i already have a HP for £15k


Is there anything i can do.

Typhoon2000

It depends on how much you car is worth. If its is worth £31K, then you'll only need £12K after part ex and settling the HP agreement. Normally the dealer will pay the finance company direct.

bora333

The car i have is worth 16k with 15k outstanding. So i really need 27-28k for the new car.

but because i have a 15k loan that why i can only get 12k i have tried to explain that i will be traing in my currect car.

BigDave81

You have £3900 and £2500 overdrafts that you can't afford to pay and are nearly maxed, have £15000 already on HP and have also defaulted on an existing loan according to your other posts and now you want to borrow £28000 on HP :eek:

I would give up and stop living in a dream world

I'ts unlikely anyone would approve you more credit at the rate mentioned above even with trading in the other car, sorry.