Thanks for reply maxsteam, so If i can get the settlement down to say £3600, and the dealer agrees to settle, will the full £3600 act as a deposit on the honday civic or would it just buy me out of the agreement, then the civic costing me the full price of e.g £4600?

Sounds confusing i know =D

rob

In your shoes, because the settlement figure in effect is letting you pay early but is still charging you the interest that you'd pay to borrow money over the next 2½ years, I would not settle early but I'd keep the car and the agreement for the full term. The settlement figure is nearly the same amount as 163.53 times the number of months left.

Yes, if you trust the dealer though, you could do as you suggest in the first sentence but it would be worth contacting the finance company to make sure that they know what is happening and to make sure that the agreement does indeed get settled. You need their permission to sell the car.

I apologise im very dense, So i go to the Dealer say Here ya go buddy, settlement is e.g. £3500 (but he values my car at £4300) he pays ford £3500 and gives / knocks off £800 from the Civic?

Or would he use my car/ fords lol as a total deposit?

again, sorry Rob.

Some dealers overvalue trade ins to make a sale at an inflated price but if you can find a dealer to value your car at £5k, that would give you £300 towards the next car. You need to be aware that some dealers will make the deal seem complicated just so that you can't see how bad the deal is.

Your settlement figure is not that much different to the total of the future payments that you would make if you kept the car. You should not really take out a 4 year finance agreement unless you expect to keep the car for 4 years.

Personally I do not like car finance and I prefer to pay and drive away something that I can afford at the time.

Hi there, i am 1 year 5 months into a 4 year deal with ford. Paying £163.53/month for a 04 Fiesta! (robbery)

I called up today to find a settlement figure, almost died when they told me. £4694.50. (car was bought for £5500), the car is now worth only £3400 #=(but have seen on ebay for £4999). I dont want to continue this agreement although i have no choice lol.

My friend had a clio on HP, but went to a garage and told them the Settlement figure and they agreed to settle it with Renault and use that £2300 as a deposit for an astra he wanted.

Can i get a dealer to settle with ford as im after a type r Civic for £4000-£5000. And where would that leave me? Would the Civic Type r Cost me the Full £4500 or would my fiesta act as a (deposit) in a sence. Ive had no light shed on this in 2 weeks so if anybody .. Anybody can help i would be gratefull. Thank you Rob.