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Win your car finance with CarFinance 247


If you win, we'll pay off the finance on your car. It's that simple! Your car becomes completely yours, free and clear.

This amazing offer is open to anyone who has secured car finance with us throughout 2023, including Decemeber 2023!

This means that there's still time to enter, get your finance in December, and you're automatically in!

The lucky winner will be announced the week beginning 5th February 2024 on our instagram page.

Terms and Conditions apply.

Can i settle my current car finance agreement early?

I have finance on my car now that was over a 4 yr period. I have only paid off 16 months but i want to get rid of it. Is there anyway of doing it and getting a new car?
Asked by Iain hewitson
May 3, 2011
Hi Iain,

Yes this is possible. Once you have made an application with us and been approved we would need you to get a settlement figure from your current finance company so we can see how much you owe.

Once this has been done you'll need to get a valuation on your car from a local dealer where you wish to purchase your new car from. You can either let the dealer buy it off you and settle the finance or you may get more money privately from selling the car but this can be a hassle as you're not guaranteed to sell it.

The choice is obviously yours but for speed i'd recommend you go down the dealer route. Once approved with us we provide a no obligation quote and you can buy a car from any dealer nationwide. Please make an application when you're ready. Kind Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 27 People

Get my quote
Rates from 8.9% APR. Representative APR 19.9%




Rates from 8.9%: the exact rate you will be offered will be based on your circumstances, subject to status.

Representative example: borrowing £10,000 over 5 years with a representative APR of 19.9%, an annual interest rate of 19.9% (Fixed) and a deposit of £0.00, the amount payable would be £255.50 per month, with a total cost of credit of £5,329.80 and a total amount payable of £15,030.

We look to find the best rate from our panel of lenders and offer you the best deal that you're eligible for. We earn a commission for providing our services, but this does not influence the interest rate you’re offered in any way.

5 years
Total cost of credit £ 2000
Total repayment £ 2000
48 monthly
payments of
£ 245 98

Rates from 9.9%: the exact rate you will be offered will be based on your circumstances, subject to status.

Representative example: borrowing £25,000 over 48 months, £3,750.00 deposit, on PCP, with annual mileage of 8,000pa, and a representative APR of 11.9%, an annual interest rate of 11.9% (Fixed), the amount payable would be £394.51 per month, an optional final payment of £7,194.33, with a total cost of credit of £9,912.36 and a total amount payable of £28,444.33. 

We look to find the best product from our panel of lenders and will offer you the best deal that you’re eligible for. We earn a commission for providing our services, but this does not influence the interest rate you’re offered in any way.


I have existing finance related questions

I have Barclays car finance and its not a personal loan. Could I still change my car?

Asked by Stephanie Haigh
May 3, 2011

Hi Stephanie, thank you for your question.

Even though you have finance associated with your car you can still swap it. All you need to do is part exchange the car in at a dealership where you want to purchase a newer car. The dealer will give you a price for your current car and hopefully it is more that what you owe Barclays. The dealer will then settle the finance and use any equity as a deposit towards a newer vehicle.

We can usually beat dealer rates and once approved with us we provide a no obligation quote and you can choose a car from any dealer. Please make an application when you are ready and we'll help guide you through the process. Kind Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 6 People

Hi Rachel, i have recently taken out car finance with barclays finance but i now need a bigger car. Is there any way i can change it without paying off the full amount?

Asked by Bethan Davies
May 3, 2011

Hi Bethan, we'd need to establish whether the finance you have from Barclays is a personal loan or whether it's secured against the vehicle.

If it is a personal loan you could sell your current vehicle with no problems (as the finance isn't associated with the vehicle) and pay Barclays back an amount that you are comfortable with. You could also keep the existing arrangement in place with Barclays if you wished. You may have to check this though.

You could then apply for a new finance agreement on a bigger car with us and we'd provide a no obligation quote and you could choose a car from any dealer. So the answer to your question is yes but you'd have to check what type of loan agreement you have with Barclays first. Kind Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 13 People

Hi, I have a 58 plate Vauxhall Astra which I bought in Feb 2012 for £6000. I pay £253 a month and recently asked for a settlement amount which was £5793 and current dealership offers are between £4000 and £4800.

Could I get a

Asked by Daniel Dunne
May 3, 2011

Hi Daniel, thank you for your question.

If you can get £4800 for your current car it looks as though you're in £1000 negative equity. Would you have any cash at all to make up some of the difference as this would help us get you into a better deal?

We can help people who are in negative equity and if you've had a recent clean credit history i'd like to think we can get you a better rate than you're currently on. Please apply when you're ready and if approved you can choose a car from any dealer and we do provide a no obligation quote. Kind Regards, Rachel

Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 7 People

Hi, I have been provisionally accepted for finance by yourselves and have seen two cars that I wish to purchase. I am p/x my car but it will have about £1,500 negative equity. Can you help?

Asked by Angela Brown
May 3, 2011

Hi Angela, we can potentially help get you out of your negative equity. Do you have any cash deposit that will help the situation?
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 4 People

Hi there. I bought a Ford Focus about 18 months ago, never missed a payment, all on time. I went to a mainstream dealer to try and trade for a different car and got knocked back on finance. I have approx £1800 negative equity. Is this something you would

Asked by Nathan
May 3, 2011

Hi Nathan, thank you for your question. We can help customers with negative equity by adding it onto a new finance deal, however the maximum most of our lenders will add is approximately £1000. Apologies we can't help you with this. How long is your finance deal? If you are 50% of the way through your agreement or more you may be able to voluntarily terminate the deal. Have you considered this? Kind Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 8 People

Hi, I am in a position whereby my current car finance still has £5.5k left and I need to upgrade my car as my job has changed and I need something smaller and more fuel efficient. Unfortunately I have negative equity and the main delaers will not approve

Asked by Bernadette Patchett
May 3, 2011

Hi Bernadette, thank you for your question and apologies for the delayed response. Are you over 50% of the way through your finance agreement? If so, you may well be able to voluntary terminate your current agreement enabling you to just hand the car back without any charges. You'll need to read your agreement first and perhaps seek some free legal advice. If you can "VT" your agreement it will get you out of your current position without any charges or having to pay the difference between the outstanding amount owed and the cars value. Kind Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 6 People

I have a car on HP with which is negative equity. my settlement is 2200 and car is worth £1200 and £1400. I do not have a very good credit rating and work 24 hours a week. Will I be able to get a new car?

Asked by Rob
May 3, 2011

Hi Rob, if you find a cheap car we could possibly tie up your negative equity into a new deal. Please apply when you can.
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 5 People

Hello, i have about £800 negative equity and a poor credit history. Can you get me finance on another car? Cheers, Lee

Asked by Lee A
May 3, 2011

Hi Lee, £800 negative equity is manageable to place into another deal so yes please apply when you have 5 minutes.
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 4 People

Hello, my settlement figure is £5900 but my car is worth £3500. Can you help me get into a new car? Many thanks

Asked by Harvey Bolton
May 3, 2011

Hi Harvey, £2400 negative equity would be too much for us to cover to be honest. You'd need at least £1400 cash deposit to give us a chance of helping you. Would that be possible? KR, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 5 People

Hi, i sent a question yesterday. I currently have finance with another company, with 1 year left to run, i am unable to VT due to the nature of the agreement. I currently pay £220 per month with 12 payments left. The vehicle is valued at £1900 with the fi

Asked by Ivan Horsman
May 3, 2011

Hi Ivan, apologies for the delay in coming back to you. The answer is Yes! We will be able to cover the £800 negative equity you have in your vehicle and place the shortfall on top of your new car finance agreement. Do you have a deposit and have you got good, average or poor credit? Regards, Rachel
Tim Carpenter
Tim Carpenter Car Finance Expert

Liked by 5 People

Can't find the right answer?

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* The UK's largest online car finance broker by unique users to the website. Based on Similar Web data – 1,137,647 to CarFinance 247 vs. 753,819 for nearest competitor. January to June 2023.

CarFinance 247 is a trading name of CarFinance 247 Limited. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. (Registration Number 06035525).

CarFinance 247 is authorised and regulated by the Financial Conduct Authority for insurance distribution and credit broking (Firm Reference Number: 653019). CarFinance 247 is registered with the ICO (Registration Number Z1897658).

Finance is subject to status and is only available to UK residents aged 18 and over. Written quotations are available on request.

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