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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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Switching Car Finance

Hi there, I just recently had my massive sum of cash taken from me from Peugeot for my finance option on a car that just isn't right for me and too expensive to pay for. Is there any way I can switch it and get a loan for a new car that would serve me better but without the catches eg: mileage caps. Thank you!

Posted by Sam on

Answer.

Hi Sam, apologies for the delay in responding.

There is an option in regards to changing your car. You'll need to ask Peugeot for a settlement figure, and once you've paid this, you'll be out of this agreement. You can then use the part-ex value of your car towards clearing the settlement figure. Hopefully you'll have equity in your current car to act as a deposit towards your next vehicle.

If you'd like to see if we can help, please make an application and we'll see what we can do for you.
Kind regards, Edwin.

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