corsasport.co.uk
  Not logged in [Login - Register]  
You Are Not Registered Or Not Logged In  

Corsa Sport » Message Board » General Chat » Car finance question


New Topic
New Poll 		  Subscribe | Add to Favourites

You are not logged in and may not post or reply to messages. Please log in or create a new account or mail us about fixing an existing one - register@corsasport.co.uk

There are also many more features available when you are logged in such as private messages, buddy list, location services, post search and more.


Author Car finance question
Lynny
Member
Registered: 3rd Jan 03
Location: oop north! Where people talk properly
User status: Offline
11th Apr 09 at 18:33   View User's Profile U2U Member Reply With Quote
Right, If you have a car on finance, I understand the 1/3 and 1/2 rule for giving the car back to clear the finance contract....but can you after say 6 months change cars, but keep the same finance deal on a different car if they're of a similar value? Does this make sense?

[Edited on 11-04-2009 by Alex_NSM]
SeanXE
Member
Registered: 17th Jan 09
Location: Luton
User status: Offline
11th Apr 09 at 18:34   View User's Profile U2U Member Reply With Quote
Makes sence, but dont the answer lol
am4nf
Member
Registered: 27th Jul 08
Location: South Ayrshire Drives: Corsa Sport
User status: Offline
11th Apr 09 at 18:35   View User's Profile U2U Member Reply With Quote
i think so but it would depend on how much they can sell your car for you would need to take on the difference
Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
11th Apr 09 at 18:35   View User's Profile U2U Member Reply With Quote
Who is it with? The finance.
Lynny
Member
Registered: 3rd Jan 03
Location: oop north! Where people talk properly
User status: Offline
11th Apr 09 at 18:35   View User's Profile U2U Member Reply With Quote
Black horse
Colin
Member
Registered: 4th Apr 02
User status: Offline
11th Apr 09 at 18:36   View User's Profile U2U Member Reply With Quote
I doubt it, iud imagine you'd need to clear the current deal & take out another one.

Im not 100% sure though, I dont know of anyone that changes their car every 6 months.

[Edited on 11-04-2009 by Colin]
Jay
Member
Registered: 26th Sep 04
Location: Liverpool
User status: Offline
11th Apr 09 at 18:36   View User's Profile U2U Member Reply With Quote
No I tried to do this and got offered like £1800 for the car I had paid £4k for 6 months earlier (from the same place I got my car) so to get a car for £4000 I would of had to have the difference added on top of my existing finance, and re-apply. I obviously never bothered.
Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
11th Apr 09 at 18:37   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Alex_NSM
Black horse


No chance.

But yes, dealerships will sometimes just pay off your finance with the value of the car and then you start fresh.
Lynny
Member
Registered: 3rd Jan 03
Location: oop north! Where people talk properly
User status: Offline
11th Apr 09 at 18:37   View User's Profile U2U Member Reply With Quote
to be honest, the car im looking at selling, is worth more than the one I'm looking at buying.

And dont change car every 6 month
Jay
Member
Registered: 26th Sep 04
Location: Liverpool
User status: Offline
11th Apr 09 at 18:40   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Colin
I dont know of anyone that changes their car every 6 months.


I've had about 15 cars, only kept one of them for more than 6 months

 
New Topic
New Poll

Corsa Sport » Message Board » General Chat » Car finance question 22 database queries in 0.0094140 seconds