Lower car repayments...refinance?

Maccees93

I bought a car a few months ago and repay the finance at £164 per month.

I want to pay off the outstanding balance and take out a new loan with someone else (went through the dealership, Black Horse) to lower the monthly repayments.

Does anyone know any Banks that would give me the money though?
I'm 18, have a decent credit score (It was 900 just after I took the finance out, nearly 1000 before) and am going to have a part time job + student finance at Uni.


Stupid me forgot to factor in Insurance for next year when I was budgeting, so I could do with an extra few quid haha.

Cheers!

drbesty

How much do you want to borrow? It sounds unlikely to be honest and your credit score means nothing so don't get too hung up on that

Tixy

Very unlikely given your age and that you are not currently working. Even when you are find part time employment its very unlikely that your income would be sufficent for such a unsecured loan.

Maccees93

It's just over £6000 that I owe on it.

And that's annoying haha, any tips on lowering the repayments then?

stephane_2

Your only option unfortunately it seems is to stick to your current financial agreement...considering that you are just going to have a part time job, as previous said very unlikely you'll get any further credit...quite surprising already that blackhorse gave you one in the first place