Clear car finance with a loan??

Gaz83

Super_Whiskey wrote: »

Surely lenders would love people who consolidate debt? They're already open to borrowing money and if the lender gives them said money, they'll look postively on that. If the borrower doesn't spend the money on what they told the lender they would, that's fraud and they're stuffed.

Because generally people who borrow money to consolidate debt have already shown that they are unable to manage the debt that they have, and thus it's only a matter of time for many of them before they default and don't pay it back.

McClane54

I once knew somone who sold a car on finance.

people came around, liked the car and bought it, they even done one of those checks on the phone whilst counting the money out.??!! didn't come back with anything??!!

once the money was in hand the person paid it into the bank the same day and then paid the remaining finance off. everyone was happy :T

ChemistDude

Webuyanycar.com bough my Audi A4 Cabriolet back on 2011 which I had finance on at the time. They basically paid directly to the finance company Audi Finance. Didn't get the best price for the car but I was rid of it.

(some would say getting that car was a very expensive mistake in my early 20's but you have to do it once in your life and you learn from it!)