Hi
Hope someone can advise if they have done this before.
I am nearly 3 years into paying a 4 year hire purchase with first response
I have been told as I have paid 50% off I can hand his car back via VT.
If I was to trade my car in for a new car I would be £1500 in negative equality.
I have been accepted by car finance for a much better deal but said I would be better to refinance than VT,
of course they are gonna say that as they are a car finance company but told me if I do this I would struggle to get car finance.
I have already been approved so would this show up on record to them?
Would it really affect my chances getting car finance with them?
They are trying to get me to trade in and add what is left to a new loan which bumps up monthly payments quite a bit
Really just wondering if I VT can car finance then revoke my successful application.
I am paying well above odds for my current car as credit score was bad but now it's better I want a newer car at a cheaper monthly price
Any help appreciated please