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Author Car finance question
Lynny
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Registered: 3rd Jan 03
Location: oop north! Where people talk properly
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11th Apr 09 at 18:33   View User's Profile U2U Member Reply With Quote
Right, If you have a car on finance, I understand the 1/3 and 1/2 rule for giving the car back to clear the finance contract....but can you after say 6 months change cars, but keep the same finance deal on a different car if they're of a similar value? Does this make sense?

[Edited on 11-04-2009 by Alex_NSM]
SeanXE
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Registered: 17th Jan 09
Location: Luton
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11th Apr 09 at 18:34   View User's Profile U2U Member Reply With Quote
Makes sence, but dont the answer lol
am4nf
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Registered: 27th Jul 08
Location: South Ayrshire Drives: Corsa Sport
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11th Apr 09 at 18:35   View User's Profile U2U Member Reply With Quote
i think so but it would depend on how much they can sell your car for you would need to take on the difference
Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
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11th Apr 09 at 18:35   View User's Profile U2U Member Reply With Quote
Who is it with? The finance.
Lynny
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Registered: 3rd Jan 03
Location: oop north! Where people talk properly
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11th Apr 09 at 18:35   View User's Profile U2U Member Reply With Quote
Black horse
Colin
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Registered: 4th Apr 02
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11th Apr 09 at 18:36   View User's Profile U2U Member Reply With Quote
I doubt it, iud imagine you'd need to clear the current deal & take out another one.

Im not 100% sure though, I dont know of anyone that changes their car every 6 months.

[Edited on 11-04-2009 by Colin]
Jay
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Registered: 26th Sep 04
Location: Liverpool
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11th Apr 09 at 18:36   View User's Profile U2U Member Reply With Quote
No I tried to do this and got offered like £1800 for the car I had paid £4k for 6 months earlier (from the same place I got my car) so to get a car for £4000 I would of had to have the difference added on top of my existing finance, and re-apply. I obviously never bothered.
Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
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11th Apr 09 at 18:37   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Alex_NSM
Black horse


No chance.

But yes, dealerships will sometimes just pay off your finance with the value of the car and then you start fresh.
Lynny
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Registered: 3rd Jan 03
Location: oop north! Where people talk properly
User status: Offline
11th Apr 09 at 18:37   View User's Profile U2U Member Reply With Quote
to be honest, the car im looking at selling, is worth more than the one I'm looking at buying.

And dont change car every 6 month
Jay
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Registered: 26th Sep 04
Location: Liverpool
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11th Apr 09 at 18:40   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Colin
I dont know of anyone that changes their car every 6 months.


I've had about 15 cars, only kept one of them for more than 6 months

 
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