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Part exchange for a used car?!

1 reply

Hairybaker · 26/12/2020 15:26

We have a car on pcp, coming to end of term and would ideally chop it in but for a used car. We apparently have £2k equity in it, would they use this as a deposit on a used car with the same dealer or not?! Don’t want another new car as doing hardly any miles for the foreseeable

OP posts:
ArosGartref · 26/12/2020 15:35

Yes, they would pay off the finance and the equity would be your part exchange. They would probably prefer you to take out a new finance deal as it's more commission etc.

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