[RJL]

How does it work?
Can I even do it?

Say if it was for another Vauxhall? Issues?


Talk to me.

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[CammyMcGowan]

Right I've just been through this process. My last car had approx £1500 left on finance. I went to Vauxhall again as I was after a 1.4 Sri. They game me a price for the vehicle, this covered the settlement payment of the finance and had enough spare to put as a deposit for the 1.4. How that helped, if u need more clarification just pm me!

 

[RJL]

How does it work if I've got like a lot to pay off? £10k+

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[Joe_Pugh]

I think you take off the amount your car is worth then re-finance the left over on top of the new finance

 

[jjoy]

They will value your car then take that off your finance then I there is still finance left to pay that will add on to your new finance

 

[CammyMcGowan]

^^ all correct

 

[RJL]

So for example if I owe £14k and they give me £13k then excess £1k will be added to the finance of the new vehicle.

So say the new car is worth £20k, the finance will be for £21k minus deposit etc.

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[jjoy]

Yep that's right.

 

[CammyMcGowan]

10 points to griffindor

 

[RJL]

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[Idaeus]

Bored of it already? :lol: tbh mate you will be stuck in a lot of negative equity.

 

[Arctic067]

Why u thinkin of sellin up?

 

[DanT_Sxi]

What you looking to buy?

I want a diesel and swap vxr, its not fair doing all the millage on the vxr

 

[RJL]

Bored of it already? :lol: tbh mate you will be stuck in a lot of negative equity.

Just asking

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[RJL]

Out of interest what would my car be worth?

62 plate 1.7CDTi SRi 130
6k miles

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[DanT_Sxi]

http://www.parkers.co.uk/cars/prices/used/vauxhall/corsa/hatchback-2006/50158/?yearplate=100

Does that come up?

That's a guide

 

[Arctic067]

Out of interest what would my car be worth?

62 plate 1.7CDTi SRi 130
6k miles

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bout 11/11.5 p/x?

 

[gazza5]

61 plate sri got 8500 at my local dealer recently - that had done 12k miles. That was a part ex for a 2.0 astra.

So maybe around 10k mark? As a trade in.

 

[RJL]

So I'd lose £2000 as it stands with 11k trade in
Can get cracking deal on a new car though

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[Idaeus]

So I'd lose £2000 as it stands with 11k trade in
Can get cracking deal on a new car though

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With the £2k neg equity will it still be a good deal though bud? It will make it more difficult to trade in the new car in a few years if you want to as well because you will owe a lot more than it will be worth remember. need to be absolutely certain before you take on negative equity IMO.