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Car Finance Expert Q&A

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Edwin Miles. Underwriting Manager

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Refinancing my car loan

Hi, I currently have my car finace with Mercedes. Next year I have the option of a baloon payment or hand the car back. I would prefer to keep the car as it has been faultless. I have spoken to mercedes and have a settlement figure of £8894.44 on my 2005 Mercedes 220CDI Sport Edition Estate with 110,000 miles. Would you be able to provide a loan over 3 years on this? Regards, Mark

Posted by Mark Tucknott on

Answer.

Hi Mark, unfortunately we only provide car finance to individuals on cars that we supply. You may be best getting a loan from your bank if i'm honest as i don't know any car finance lender or broker who'd look at this. Have you asked Mercedes finance to see whether they would consider financing the baloon payment? Kind Regards, Edwin

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