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Car refinancing

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I have a car purchaed on finance (HPA) with optional end of agreement purchase/balloon payment at an interest rate of 9.9% over 60 months. My credit rating has improved since I purchased a year ago and I am keen to see if I can get finance for a lower interest rate. Is it worth looking into this? Does anyone have experience of refinancing a car mid agreement? 

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    You could try.  However, your circumstances may not support a doubling of your indebtedness. 

    Try an eligibility checker.
  • You could try.  However, your circumstances may not support a doubling of your indebtedness. 

    Try an eligibility checker.
    Ah, i see what you mean! Makes sense, thank you!
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