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Existing Moneyway customer - Want to px current car with a new car

I have car finance with money way and have had it since oct 2010 - i want to px this car for a new car but dont know what my allowance will be on new car etc and what if i fail the credit check this time but got car last time and not missed a payment? Thanks

Posted by Rachel pickering on 08/02/2012 @ 20:46

Hi Rachel, have you spoken to Moneyway directly and asked them whether you'd be approved for a new loan? Also how much is your car worth and what do you currently owe on the existing finance agreement? If you could find this out it'd give us a greater indication on whether we could help you or not. The good news is that if the figures stack up we can take your part ex off you and clear the finance with Moneyway. We can then get you into a new car. If you've made all your payments on time they should approve you again potentially on a better tier this time round. I hope this information helps. Kind Regards, Edwin

Posted by Edwin Miles on 09/02/2012 @ 09:48

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I've a car loan with moneyway and want to purchase a new car using this one as PX. Can I do this? I am seeking to part exchange my existing car. It's worth about £3000 and if I settled early it would be about £4000. Would I be able to do this?

Posted by Dexter on 23/04/2012 @ 15:20

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Hi Dexter, we can certainly try and help you out but you may need to find a cash deposit to cover the negative equity on your current deal. Have you purchased a car through us in the past? Regards, Edwin

Posted by Edwin Miles on 23/04/2012 @ 15:22

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