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| The Pub For General Automotive Related Talk |
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09-10-2010, 06:41 PM
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FF.Com.Au Hardcore
Join Date: Jul 2010
Location: NSW
Posts: 4,329
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So I bought a car the start of this year, brand new. Big mistake. Regret it majorly.
I got a secured personal loan from a bank over a 4 year period. Is it possible for me to trade in my car for a vehicle of similar value and just continue paying my loan off like nothing is different. Or would the bank not allow this. I Could probably pay of the entire loan in less than 2 years instead of 4. But I want to pay it off over the entire 4 years because banks like to see that you have a reliable, steady payment, and not varying all over the place($700 one month, $2000 the next, $850 the next. Banks hate that stuff apparently. I want a good record for when I buy my house. But I don't want to keep this car for another 3 years. Any advice appreciated. |
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Selling cars with finance
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