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Citroen Elect 3 - coming to the end of my term

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FloFlo
FloFlo Posts: 32,720 Forumite
in Motoring
Citroen Elect 3 - coming to the end of my term and I have the option to purchase outright for £4500 or change for another car. My question is the car will be worth £5500-£6000 if I want to change for another car what happens to the equity over the £4500? Can it be used as a deposit on another car? I have a 3 door and would like a 5 door.

Comments

  • nickey-uk
    nickey-uk Posts: 5 Forumite
    Yes any equity in your existing car will be passed on as a deposit against you new car. I've done elect 3 finance for the past 9 years and this has always been the case
  • FloFlo
    FloFlo Posts: 32,720 Forumite
    nickey-uk wrote: »
    Yes any equity in your existing car will be passed on as a deposit against you new car. I've done elect 3 finance for the past 9 years and this has always been the case

    Thanks think I will pop there tomorrow and see what they offer.
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