Part Ex BMW Z4 on Finance?

lrah

Hi all,

Wondering if someone could advise on whether it's possible to prt-ex a car that is currently on a finance agreement?

The purchase price was £16,500 and I put down a 40% deposit. Six months into the 2 year agreement, my situation has changed unexpectedly and I need to rid of the the BMW Z4 for something a bit more practical (preferably in the BMW range)

Has anyone been in a similar situation and if so, what was the outcome?

I understand there may be fees attached to doing this, which I don't mind paying. It just seems a lot easier to part ex the car than selling the car first, paying off the finance and then looking for a new one. Is this possible?

Any advice is appreciated.

Thanks

Inactive

Yes, it can be done, the dealer will settle the existing balance of your finance as part of a part exchange deal, however be prepared for a much lower price that the one that you paid originally.

lrah

Thanks for the reply. Is this the same with any dealer or particular to BMW?

Inactive

Any dealer should be OK with that.;)

harveybobbles

Any dealer who has a CCL will be bale to settle the finance on your behalf to make the deal faster for all parties...