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DMP and car finance

Hi
Hoping someone can help.
I am currently on a DMP and have car finance which is kept seperate. I am spending too much on petrol and road tax and have looked at changing my car. For the new car it would be £3 extra a month however it is diesel so I would save with that and it's also much cheaper road tax so I would be saving £ 90 a year. Am I allowed to do this?

Many thanks for any help.

Comments

  • Madjock
    Madjock Posts: 744 Forumite
    We have been told that you are not allowed to apply for credit while on a DMP.
  • Thanks for that
  • beanielou
    beanielou Posts: 96,828 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    That is correct.
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

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