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baggyman

Considering VT - Thoughts please

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Hi all,

I have a car on finance with MB,

the agreement commenced in March 2017 and I took it on a 48 month term, so I am well past the 50% mark.

There are no arrears and I have never missed a payment.

The settlement figure is £2750 but the trade in value is now only around £1850 which is too much of a gap to make up.

 

If I VT correctly according to the guidelines contained in a number of discussions on this site, would this have any sort of influence on my credit file that may prevent me from getting another finance deal at a better rate than MB offer? 

I don't want to shoot myself in the foot by doing this, my credit score is only rated as 'Fair' so I'm already at a disadvantage.

 

The car is in reasonable condition, no bumps, scratches, serviced lat year in October but missed the year before.

The Blue & Me function does not work thus there is no bluetooth or cruise control. 

 

Also, would anyone make a recommendation on any lender I could approach for a new deal?

Or is that a no-no on here?

 

Thanks in advance

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cant see a reason why not.

 

can't see what the trade in has to do with it...yourre past 50%


PLEASE DONT HIT QUOTE IF THE LAST POST IS THE ONE YOU ARE REPLYING TOO.

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dx100uk - I quoted those figures to show that it would not be worth me trading the car in against a new one.

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