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Hp agreement - Can I transfer onto a new car

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I have 1.5 diesel qashqai and I'm moving to within one mile of work. Meaning I'll rarely drive to work and will only use a car around the town, so I want to downgrade to a 1.0 litre petrol run around.

I've only had the car 6 months on a hp agreement - it's a 5 year agreement!

Can I switch that agreement onto a different car of a similar price and pay the same payments?

Comments

  • DUTR
    DUTR Posts: 12,958 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Ask whoever arranged the finance.
  • Typhoon2000
    Typhoon2000 Posts: 1,171 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Typically you would settle the existing finance agreement and take out a new one on the new car.
  • loskie
    loskie Posts: 1,761 Forumite
    Part of the Furniture 1,000 Posts
    no you cant.
    you trade in the car and the finance is settled by the dealer

    or

    Sell privately and clear finance or we buy any car or similar.

    Prepare to lose a whole lot of money too unfortunately.
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