Any chance I can swap my car that is on finance for another one that is slightly older?How.
Swapping my financed car for another.UK?
Take out a loan (that is not related to the car) or mortgage for the cash amount needed to pay off the car and it%26#039;s yours. You can now do what you want with it.
Another option is to have a word with the company that financed the car and see if they are willing to transfer the loan to the other car.
Also read the small print in your finance contract. It will most likely tell you exactly what you can and can%26#039;t do.
Swapping my financed car for another.UK?
No because until you pay off the finance you do now own the car...so how can you swap what you don%26#039;t own.
Swapping my financed car for another.UK?
It is possible but will be costly. The dealer selling the car you wish to buy will sort it out for you if it is worth his while. Realistically, the car you have at the minute would need to be worth as much or more than what you still owe on it. Say it is worth 鎷?000 and you owe 鎷?500, he could take the car off you and clear the finance and then sell it for a profit, leaving you to finance the new car from scratch. Ive done it
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