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Hi I part exchanged a car which was a market value of £4995 when I bought it on finance after just 9 months. The value of the car I wanted was higher and the way it worked was the new car manu paid me the settlement figure as a part exchange amount and that was paid off. We then started a new finance agreement for the new car. I don't know if it works when you want to buy a cheaper car than the car you are part exchanging.
What else can I help you with?
What can a finance company do if you voluntarily give them their car back?
They can keep the money you already paid.
Can you part exchange a car with a known fault?
yes
You owe finance ona car but cant afford the repayments what can you do?
You should contact the finance company. Perhaps, you can make smaller payments and stretch out the loan or perhaps you can turn the car in and avoid them the trouble of repossessing the car in exchange for not having your credit ruined.
What does the word part ex- mean?
Part-ex is short for part exchange. A customer buying a new car at a showroom may often have their old car taken in part-exchange, so slightly reducing the cost of the new car.
What happens if you part out a financed car?
You still owe the finance company the balance owed.
What does part exchange mean in car dealer ship?
It means that the dealer might accept your car as a part of payment but of course the dealer and you have to agree on a price for your car.
Can you finance a car with no credit?
its very difficult to finance car with no credit if you have some bad credit then you have chance to get car finance.
Does it take long to finance a car?
It should not take very long to finance a car, depending on the car's model, condition, etc and also the finance company you are financing the car from.
On used car ads what does it mean when it says part exchange to clear?
my interuptation of part exchange to clear would be ....not up to the standard that the dealer would normally sell on his forecourt.
Return a finance car to the lender?
My car was crashed and I lost my job. How do I return the finance car to the lender?
A student takes a part-time job to pay for the insurance on her car?
exchange interaction
If you are current on your payments can the car dealership who sold you the car repo it or is the bank that is financing the vehicle the only one who can do that?
The bank/finance company. The dealer has already been paid for the vehicle
