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car finance

(4 Posts)
jenk1 Tue 16-Aug-05 18:41:49

got a question for those in the know. DH bought a car 2 years old on finance 4 months ago, he has now decided that he wants a new one on finance, the car we bought for £4000,the new car company will give us approx £3000 trade in,does the new car company pay off our exsisting car loan and add the difference on to our new finance for the new car-anyone know as cant seem to get a decent answer from anywhere

Nemo1977 Tue 16-Aug-05 18:44:44

yes a lot of companies do that to ensure you dont have 2 cars on finance at once.

jenk1 Tue 16-Aug-05 19:01:38

would a main dealer say for ford or vauxhall do that as well?

Nemo1977 Tue 16-Aug-05 19:05:28

I would think so. I am just going from experience of carcraft

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