Finance General question

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ashs_cav
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Finance General question

Post by ashs_cav »

I have my Octavia vRS financed from a dealer garage through a company.

2 Months in and I thought I'd be happy, buttttt, and I don't need to be lectured on my mistake, but I fancy an Audi S3 Quattro, the 1.8 20v Turbo model.

With me paying the finance monthly, is it possibly to sell and buy an Audi and just carry on paying like a bank loan or not?

In most cases the Audi will be worth less, Damn Youtube and its 800ps S3 haha
vauxtillidie
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Re: Finance General question

Post by vauxtillidie »

No you cant sell a car on finance and carry on the monthly payments. You could probably sell it with the intention of paying off the finance immediately then go buy your Audi. Otherwise wait till your half way through the payments then you can hand it back but have nothing to show for your money
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planetc
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Re: Finance General question

Post by planetc »

You can't sell it, you don't even own it, the finance company does
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TurboDan
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Re: Finance General question

Post by TurboDan »

Correct.

Technically screwed and stuck with it. Unless you get a loan to pay the car off then sell the car.
iangsi
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Re: Finance General question

Post by iangsi »

Can you not sell back to the dealer you got it from ? & get them to sort out the finance company, you'll lose money what ever you do.
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