Car Finance

[lozzyb]

I have a Toyota Yaris with finance over five years. However I have had it nearly 2 years and would like to trade it in for another car. Is it worth doing now? How does it work? It's my first car so is all new to me! Do I have to go back to toyota?

Many thanks

Lorraine x

[NORMANTHEDOG]

no,you can go to any garage,but if you want to change your car,the remainder of the finnance will have to be paid,but the garage will take care of it all,but seeing as you have only had it for 2 yrs,there might not be a lot of equity in the car for a deposit for the new one.

[lozzyb]

Thanks NORMANTHEDOG for your answer. maybe i'll wait for a bit then before trading it in. I was getting all excited at the thought of a new car though...lol

Take care

Lorraine x