Can I Get A New Car Loan and Settle Current Existing Finance?
Would i still be able to get finance from you to pay of the remaining finance i have along with financing a newer vehicle? How does this all work?
March 11, 2012
What is your car worth and how much finance do you have outstanding? Hopefully you're not in negative equity (where you owe more than the car is worth - we could still help though if this is the case). If you are in lots of negative equity and you're over 50% of the way through your agreement you are within your rights to hand the car back to the finance company. Beware of any charges though dependent upon the condition of the vehicle.
The other option you have is to sell the car privately and then clear the finance before applying for finance on a new car. You could potentially get more for your vehicle but it can be a lot of hassle and you're not guaranteed to sell your car either.
Once approved we provide a no obligation quote and you can get a car from any dealer in the UK. Please apply when you feel ready. Regards, Rachel