Car Finance

Dotty8370 | 10:03 Wed 09th Feb 2005 | Motoring

2 Answers

If I have brought a car on finance and the settlement amount on finance is now less than the current value of the car, is there anything I can do?

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No best answer has yet been selected by Dotty8370. Once a best answer has been selected, it will be shown here.

Not sure what you are getting at. You can:

a - Sell the car repay the finance and keep the change

b - Keep the car and keep up the repayments until you own the car.

c - Pay off the remaining balance in one go.

Your question makes sense more if you are saying that you owe more than the car is worth. Let me know if this is the case.

adydb

Loosehead/Dotty you cannot sell a car whilst on Finance......It's NOT YOURS YET!!!! and you'll be in all sorts of trouble so thats a No No.

If as your Q reads you owe on settlement say 2k and the car is worth 3k then if you have the cash SETTLE NOW!.

If the settlement is say 3k and you owe 2k then that happens every time you buy anything...it will depreciate

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