Can I swop cars even if my current one was bought on HP?
Answers:
They should be able to settle the finance for you as part of the service they offer.
I had outstanding finance on a motorbike but was able to trade it in for a new one (they sorted the paperwork and settled the finance for me) so I don't see that it would be different for a car.
No cause the car is not yours
Bedmechanic is right.
Just make sure they do settle the finance. Check the paperwork and put a call into the finance company to make sure. Otherwise they'll still be after you.
Cheers
the dealer can sort that for you, however if you have only had the current car short while you may find yourself in negative equity.
if it's paid up of course
yes cause you can but youll still have to pay the hp every month or better still sell the car and then pay it off and then buy another car but yes you can do it
The dealership should be able to settle the finance on your behalf. They'll factor this in when hey write up the deal.
e.g.
if they give you £5000.00 for your car and the finance settlement is £3500.00, your P/X value is £1500.00. That's the amount that will come off the price of your new car.
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