Trades, New Cars

[AlexHealy]

I have a 1.2 Clio Dynamique on finance, paying £112 a month, over 60 months, and I am 7 months into that.

I have seen a 182 Sport for sale for £6,590 and the finance should be around 7.8% APR, meaning the total repayable will be around about £7,100.

Now, I have worked out that I have around £5,900 left to pay off on this car, my question is.. Would a company buy my current car and pay off the finance on it, to allow me to get finance on another car.

And as my car is valued at around about £3k - £4k, what would happen to the overdue cost? Cheers for any replies.

 

[B16DOE]

they will swap the finance over so you will owe the money between what they give you for yours and the 6600 for the 182

 

[AlexHealy]

So, say they pay £3,500 towards my 1.2, then I will owe the £6,600 and £2,400 left over from my 1.2?

 

[Ian_182]

quite an expensive swap really.Sell it private and get a good loan rate for the rest...

 

[kenny172]

ud end up payin about 10k for that clio dependin on trade in price etc