We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
What happens with finance when i part exchange
Options
callansdad
Posts: 766 Forumite
in Motoring
Hi all,
As the title says .... i am thinking of part exchanging my car which has approx £3000 remaining on the finance agreement.
What happens with the new purchase ... does the finance automatically go on to the new vehicle?
All will be done at a dealership but i want to know what i'm talking about before i go.
As the title says .... i am thinking of part exchanging my car which has approx £3000 remaining on the finance agreement.
What happens with the new purchase ... does the finance automatically go on to the new vehicle?
All will be done at a dealership but i want to know what i'm talking about before i go.
A banker is someone who lends you an umbrella when the sun is shining, and who asks for it back when it start to rain.
0
Comments
-
For talks sake, lets say the dealer gives you £3500 on a trade in.
When the deal goes through, the dealer will pay off your finance, and you will then be able to use the £500 towards the deposit on your next car.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.7K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.7K Work, Benefits & Business
- 598.4K Mortgages, Homes & Bills
- 176.8K Life & Family
- 256.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards