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Paying off car finance with personal loan
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I took out car finance last in June 2004 for 5 years with Black Horse. If I pay the car finance off with a new personal loan (which i can get at a lower interest rate) will this effect anything to do with my car? Just trying to save myself some money!
Thanks for any advice
Thanks for any advice
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Comments
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Yes - it will mean that you own the car. At present, the finance company owns the car, until you pay for the finance. So if a new loan will save you money as well, that sounds like a good deal
Warning ..... I'm a peri-menopausal axe-wielding maniac
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Jut be aware that you will be charged a final interest amount for getting out of the contract, had Black Horse Finance and paid it off after being told my settlement, was then charged an extra £99!2p off is still 2p off!0
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