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changing a car thats under finance

Morpheus · 2003-07-14 11:45:01

ok, my car is on a 5 year finance deal, its a standard fiat punto 01-D. I bought it from barrable motors on the feltrim road. can anyone here tell me how changing my financed car works? I mean, can i just phone them up and say "right lads, i fancy a new fiat" and thats it, they take the old one back, re-finance a new one…

14-07-2003 11:45am

#1

Morpheus

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ok, my car is on a 5 year finance deal, its a standard fiat punto 01-D.

I bought it from barrable motors on the feltrim road.

can anyone here tell me how changing my financed car works?

I mean, can i just phone them up and say "right lads, i fancy a new fiat" and thats it, they take the old one back, re-finance a new one and away i go, or do i have pay a deposit on the new car, or must i complete the payments???

i know these questions seem silly, but its something ive never done and i dont want to call them when im not in the know about such info.

cheers.

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Comments

#2 14-07-2003 2:40pm

herbie747

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Posts: 561

As far as I know, you just trade in your old car to them, pick out your new one, and re-structure your current loan.
You definately don't have to complete the current loan. As long as you haven't missed payments, they'll gladly take your money for as long as you want to keep getting new cars off them.

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