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I have a finance agreement in place, and it has been agreed due to issues with car that I can pay a heavily reduced settlement figure of £1500. Can this be paid off and still purchase another car?

April 26, 2017agreed Agreement car Finance heavily pay reduced

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I have a finance agreement in place, and it has been agreed due to issues with car that I can pay a heavily reduced settlement figure of £1500. Can this be paid off and still purchase another car?

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Hi Steven – Yes, you can get a new car loan. You can either pay the settlement figure to your existing car finance company yourself and then apply for a new deal, or we can take your existing vehicle in as a part-exchange and settle the finance on your behalf. The fact that you’ve kept up with your existing car finance payments will mean we should be able to get you the best rates available.