We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Car Finance?
Hi all,
New time poster on here so please be gentle. Basically i'm after information about a car finance agreement i currently have.
Essentially my problem is, my car is currently worth around 6.5k and i would like to trade it in for a car of equal value (trying to lower my monthly outgoings by getting a car which is more economical). Now, my current car still has finance against it, is it just a matter of getting a settlement figure, part ex'ing my car and using that to pay off part of the settlement figure, then taking out a new agreement to cover the cost of the new car and the remaining balance of the old agreement?
Is this even possible?
Thank you in advance!
New time poster on here so please be gentle. Basically i'm after information about a car finance agreement i currently have.
Essentially my problem is, my car is currently worth around 6.5k and i would like to trade it in for a car of equal value (trying to lower my monthly outgoings by getting a car which is more economical). Now, my current car still has finance against it, is it just a matter of getting a settlement figure, part ex'ing my car and using that to pay off part of the settlement figure, then taking out a new agreement to cover the cost of the new car and the remaining balance of the old agreement?
Is this even possible?
Thank you in advance!
0
Comments
-
A good dealer should be able to help you sort this out."We want the finest wines available to humanity, we want them here, and we want them now!"0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.7K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards