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Can I Swap to A Cheaper Car on Finance During My Current Agreement?

I currently have a year to go on my Vauxhall Corsa that's on finance. I would like to change to a larger car.

Can I do this or do I have to wait until my finance agreement comes to an end? Thank you

Asked by Nikki

Hi Nikki, a great question! The answer is really simple - Yes. Any dealer can take your existing car off you in part exchange and settle the existing finance whilst at the same time getting you into a larger car of your choice. We can guide you through the process and obviously provide the finance for your new car.

A few questions - How much is your current car roughly worth (trade value) and what amount is outstanding with your existing finance company? Would you have a cash deposit to place into the deal as this sometimes helps with certain finance companies? How much are you looking to finance on a new car and what is your monthly budget?

If approved with us we provide a no obligation quote and you can buy a car from any dealer. Please apply when you're ready. Kind Regards, Rachel

Tim Carpenter
Answered by Tim Carpenter Car Finance Expert Edited on

Liked by 592 People

£
5 Years
Total cost of credit £ XXX.XX
Total repayment £ XX,XX.XX
48 monthly
payments of
£ 245 98

Rates from 6.9%: the exact rate you will be offered will be based on your circumstances

Representative example: borrowing £6,500 over 5 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £188.74 per month, with a total cost of credit of £4,824.37 and a total amount payable of £11,324.37

Rates may differ as they are dependent on individual circumstances. Subject to status.


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