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RE: Car Finance

  • 10-07-2013 10:04am
    #1
    friday02
    Registered Users, Registered Users 2 Posts: 11 ✭


    Hi.....Just looking for some advice please. I got my car 2 years ago from a car dealer. It was a 3 year old car. Got it with Ford Finance. The loan was originally for three years but I reduced my payments last year so I reckon I have about half of the car paid for. I have, I think, about 2 years left with payments. I'm considering changing the car now. Hope to trade it in against a newer car. Maybe 1 or 2 years old. I'm just wondering about the finance I have on my car. Can I carry this 'finance loan' with the new car or how does it work? Any helpful advice would be appreciated. Thank you :-)


Comments

  • #2
    Mister Jingles
    Closed Accounts Posts: 2,190 ✭✭✭Mister Jingles


    Wrong forum, this is for how to keep your car looking clean & shiny ect


  • #3
    MetzgerMeister
    Registered Users, Registered Users 2 Posts: 19,885 ✭✭✭✭MetzgerMeister


    Mister Jingles wrote: »
    Wrong forum, this is for how to keep your car looking clean & shiny ect

    OP is looking for finance for a new clean and shiny car :pac:


  • #4
    colm_mcm
    Registered Users, Registered Users 2 Posts: 73,520 ✭✭✭✭colm_mcm


    It depends on the value of the car now vs how much is left on the loan. Car has to be worth more.


  • #5
    Attreu
    Registered Users, Registered Users 2 Posts: 120 ✭✭Attreu


    Ring Ford Finance and find out what the settlement amount would be.
    Sell your current car, clear the settlement and start a new arrangement for the new car.

    It would not be wise to have two live car loans and one car.


  • #6
    colm_mcm
    Registered Users, Registered Users 2 Posts: 73,520 ✭✭✭✭colm_mcm


    Attreu wrote: »
    It would not be wise to have two live car loans and one car.

    It'll be a hire purchase, bank of Ireland will give the settlement figure, equity in the car will be the trade in value and the rest would be refinanced.


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