Cancelling a finance deal

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This topic contains 1 reply, has 2 voices, and was last updated by Stuart Masson Stuart Masson 1 month, 1 week ago.

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  • #119498 Reply

    Andrew Robertson

    Hi All,

    I’m in a bit of an odd situation and I’m looking for some guidance.

    I Bought a new Audi A4 on a 3-year lease from VW Finance 1 year ago. However, my wife and I have recently been recruited to work in Australia and the money is too good to turn down. So the question is.

    Can I sell the car back to VW Finance and then refinance the negative equity with them so that I don’t default or is there another option available?

    Thanks,

    Andrew

  • #119727 Reply
    Stuart Masson
    Stuart Masson
    Keymaster

    Hi Andrew. It’s not an odd situation; things like this happen all the time.

    If it’s a lease agreement, you will have to pay whatever penalties are in the contract for terminating early. There’s generally no other option available.

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