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Edwin Miles. Underwriting Manager

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Can i get car finance with a logbook loan on my part exchange?

I have a log book loan on my car currently still owing £900. Can I still use my car as part exchange for deposit? Vauxhall Astra sport 2004

Posted by Kim merrick on

Answer.

Hi Kim, thank you for your question.

You can use your current car as a part exchange. However, the logbook loan would need to be settled by you first or the dealer who you're buying the new car from.

What is the car worth (trade)? If it's worth £1100 for example you'd have £200 equity to place down as a deposit.

Please make an application when you're ready. If approved, you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Edwin

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Posted by Helena Morgan on

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