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Original poster

car finance

3 replies

jenk1 · 16/08/2005 18:41

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
thanks

OP posts:
Nemo1977 · 16/08/2005 18:44

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

Original poster
jenk1 · 16/08/2005 19:01

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

OP posts:
Nemo1977 · 16/08/2005 19:05

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

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