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What happens with finance when i part exchange
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
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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
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