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Advice re purchase

lifeboatmona · 2017-03-01 21:39:41

Advice, bought a car last yr with an 12k loan from CU. Not entirely happy with car and looking at something different. Looking at a 2014 golf 1.6 hl from dealer Seeing as i still owe about 7k on the car from april last yr whats my options. Trade in and pay the difference in cash or top up CU loan of diff? Anyone any…

01-03-2017 9:39pm

#1

lifeboatmona

Registered Users, Registered Users 2 Posts: 7 ✭

Join Date: February 2017

Posts: 5

Advice, bought a car last yr with an 12k loan from CU.
Not entirely happy with car and looking at something different.
Looking at a 2014 golf 1.6 hl from dealer
Seeing as i still owe about 7k on the car from april last yr whats my options.

Trade in and pay the difference in cash or top up CU loan of diff?

Anyone any thoughts?

0

Comments

#2 01-03-2017 9:43pm

colm_mcm

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Posts: 72267

It'll all depend no how much your car is worth now?

How long was the term on the credit union loan?

Do you have the cash to change up without financing?

0
#3 01-03-2017 9:47pm

lifeboatmona

Registered Users, Registered Users 2 Posts: 7 ✭

Join Date: February 2017

Posts: 5

Similar cars going fro about 10-12 atm. Its a 3 year loan with the CU, but throwing 400pm at it.
I have +/- 10-15 cash savings so not sure what to do.

0
#4 01-03-2017 9:51pm

colm_mcm

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Keep in mind that you won't get what garages are asking for similar cars as a trade in figure.
What car do you have now, and what do you dislike about it?

0