Ask away
Car Loans > Q&A > I need to downsize and finance a cheaper car

I need to downsize and finance a cheaper car

Hello Edwin, i'm looking to downsize my current car and get into a smaller & more economical option as the cost of petrol, road tax & insurance is killing me. What cars can you suggest for £200 p/month over 48 months and can you take my current car in part ex?

Posted by Andrew on 24/01/2012 @ 21:57

Hi Andrew, a great question! There are also many people in your situation. The good news is that we can take your part exchange in swap and get you into a smaller and more economical car. For £200 p/moth over 48 months you'll be looking at Ford Focus's and Vauxhall Astra's (new shape). Did you have anything in particular that you wanted? Kind Regards, Edwin

Posted by Edwin Miles on 25/01/2012 @ 14:31

Likes4 people like this

hi there, i currently have a 2004 shogun on finance,i have today,24th jan,found a new car,as i need to down scale from the shogun,its too big and expensive now to run.I have been looking since august and finally found a car.My shogun stands at 4.590.43 outstanding,dealer has confirmed in writing a part ex price of 5,000. the car i wish to buy is 6,990.My current payments are 296.00 per month,my current finance co. quoted me 168.00 per month over 4 years.Then after i paid 100 pound deposit on the car, they have turned me down, as i do have credit problems,of which this plan has been unaffected,never missed a payment in 4 years.I am fairly desperate to get the shogun off the road now.So can you help in any way? or should i give up?!Many thanks neill.

Posted by Neil Stanley on 25/01/2012 @ 14:32

Likes0 people like this

Hi Neil, you have come to the right place. Carfinance247.co.uk specialise in helping people with credit problems. We can even take your Shogun in part exchange too. The only thing i need to make you aware of is that we provide the car and the finance as a package so if we get you approved you inform us of what car you want and we'll source it for you (if it's not in stock). Before any action happens you confirm you're happy with the vehicle first etc. Please make an application asap. Kind Regards, Edwin

Posted by Edwin Miles on 25/01/2012 @ 14:38

Likes5 people like this

I took out a 3 year finance deal with Audi for an Audi A1 last August. I'm not struggling with the payments, so if it wasn't worth while I would be able to keep it, but I am looking to get a cheaper car on finance with lower monthly payments and put mine in as part ex just to free up some money monthly. I have been told that this would not be feasable as the majority of the time you would always part x for a better, more expensive model, so I was just wondering if it would be financially worth it or if I would just be in negative equity? Regards

Posted by Gina on 02/03/2012 @ 11:46

Likes0 people like this

Hi Gina, thank you for your question. I'd like you to do me a big favour is finding out how much you owe Audi and what your A1 is currently worth (an Audi dealer will be able to tell you). Make sure you get a trade price and not a retail price. Also when you first got the car did you place a large deposit down on the car or not? If you only placed a very small deposit the likelihood is that you'll be in negative equity. If you're not however, we can take you're A1 off you and place you into a smaller and cheaper car. Kind Regards, Edwin

Posted by Edwin Miles on 02/03/2012 @ 11:49

Likes2 people like this

Post a reply



 

Or... ask another question