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car loan early settlement figure
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Hello
I have a car on finance and there is currently £737 owing last payment being due in january. I emailed the finance company and asked for an early settlement figure thinking it should be less than what i actually owe. Im not expecting hundreds knocked off but i expected something, but they came back with the exact amount i owe. ive queried it with them but they are yet to reply.
am I right to expect some sort of reduction ?
thank you in advance
I have a car on finance and there is currently £737 owing last payment being due in january. I emailed the finance company and asked for an early settlement figure thinking it should be less than what i actually owe. Im not expecting hundreds knocked off but i expected something, but they came back with the exact amount i owe. ive queried it with them but they are yet to reply.
am I right to expect some sort of reduction ?
thank you in advance
0
Comments
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At this stage, probably not. They can charge two months interest for early settlement, which would take you to the end of your agreement.0
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