Finance & changing cars

[ninja]

I have finance on my current car (1 year left to go) and am thinking of changing to something else. Current book price on mine is £5500 whilst book price on new car is around £4500.

What would be my best option for going about this? I cannot afford to settle the finance balance in one lump sum at present. And I can't see a dealer trading in my car for a different car + £1000 rebate really. Would a dealer do the deal & pay off the finance?

I bought the current car whilst still owing on the previous & the finance was settled & then added to my new finance arrangement. This was where the new car was worth more that exisiting, but I am looking at going for a cheaper car so not sure what the options are.

Any advice would be gratefully received.

[TTG]

If you really need the cash, try selling privately. You will get more when compared to trade-in price.