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Natwest Car Loan - In a pickle!

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  • SallyDucati
    SallyDucati Posts: 573 Forumite
    Seventh Anniversary 500 Posts Name Dropper
    As has already been mentioned - take whatever insurance money you get and replace with a similar car to the one that has been written off. Continue making the loan payments. At the end of the loan term you will be in exactly the same financial position as before the crash, just with a different car.

    I am struggling to see how NatWest can help you, apart from suggesting you pay of this loan and start fresh with a new one (if you meet their criteria of course)
  • smithers1981
    smithers1981 Posts: 836 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Do you need to refinance? Are you struggling to keep up repayments?

    Car being written off seems to be a completely separate matter, are you using this to justify borrowing more?
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