dannycorsa c
Member
Registered: 8th Mar 03
Location: manchester (astley/tyldesley)
User status: Offline
|
if i got a loan to buy a motor over 4 years then sold the car i have and payed say 2000 of the 6500 loan maybe a month after taking the loan out would i be charged or would my monthly amouns come down or could i then shorten it to 3 years ? need the full amount to buy the car so wont have time to sell my own.
|
Karen
Member
Registered: 9th Jul 03
Location: Edinburgh
User status: Offline
|
You would need to see how much it owuld be to repay your loan then take out another loan for the amount to cover it minus the amount u have of your own then that money is used to repay the first loan. Might work out bad for u though as the interst etc is added on for repaying the loan so u might be better just keeping the first loan going or wait till uv sold your car then get a loan for the amount u still need
|
dannycorsa c
Member
Registered: 8th Mar 03
Location: manchester (astley/tyldesley)
User status: Offline
|
aah i see.so you cant pay off loans in lump sums to get your monthly figur down.
|
Paul H
Member
Registered: 11th Aug 03
Location: Lincoln.
User status: Offline
|
unfortunately not mate.
|
mav
Member
Registered: 19th Jun 01
Location: Scotland
User status: Offline
|
not on many because it's the interest they make the money from..
|
Karen
Member
Registered: 9th Jul 03
Location: Edinburgh
User status: Offline
|
Some banks still offer a flexi loan but dont know how old u have to be to get one of those. They give u an account with however much u ask for and u have a minimum amount u have to pay back each month but u can add into it aswell or take more out but If that was me Id make a payment then just take it out again so wouldnt really be paying it off lol!
I know HSBC used to do it dont know if they still do. Might need to have a mortgage etc as back up though. Could still look into that
Kinda like a credit card in a way
|
dannycorsa c
Member
Registered: 8th Mar 03
Location: manchester (astley/tyldesley)
User status: Offline
|
trying to buy my brothers ibiza cupra but wont be able to sell the golf quikly enough you see.
|
Karen
Member
Registered: 9th Jul 03
Location: Edinburgh
User status: Offline
|
Ask him to wait a while then
|
