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Car Finance Expert Q&A

Hi, I'm Edwin and I'm here to help you!
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Edwin Miles. Underwriting Manager

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Are Car Finance Payments Fixed Each Month?

Can you tell me if my monthly payments would change at all or would they stay the same and what happens to my current finance with another company if it is in negative equity? Thanks

Posted by Julie on


Hi Julie, the answer to your question is Yes - your monthly car finance payments would stay the same until you either sell the car or complete the entire agreement. How much negative equity are you currently in? What is your car worth approximately and what do you owe your existing finance company? We may be able to cover the difference in a new agreement. Kind regards, Edwin

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