Bought a new car - help!

Taygb97

Hello,

I have recently agreed to purchase a car through a main dealer. I currently have a car on finance that I will be part exchanging and funding the rest with cash.

My car has a settlement figure of £9,499.36 and the dealership has offered me £9,000 in part exchange. The cost of the car was £14,145, therefore taking my total cost to £14,644.36. This amount will be covered with a cash payment.

We agreed on this price however the dealership have advised they cannot deliver the car until 20th July. On the 17th July a monthly payment is due on my current financed vehicle.

What does this mean for me? I think the dealership has tried to confuse me by saying the price might have to be reviewed after I have made this payment etc.. by trying to get me to collect the car (rather than them deliver) before the 17th. Do I still make this payment? Do I cancel my dd and not pay it? What does this mean for the price of the car?

Thanks

AdrianC

The settlement figure will certainly be lower after your next payment. If they're handling your existing finance deal, then that will affect the final balance, yes.