• Home
  • Advice
  • Brands
  • Partners
  • News
  • Reviews
  • Forum
  • New car ratings

Our all-new and unique Expert Rating system analyses new cars based on dozens of UK media reviews to give you the best possible car buying advice. Check it out now!

Cancelling a finance deal

Home Forums Car finance Cancelling a finance deal

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

  • Author
    Posts
  • #119498 Reply
    Avatar
    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.

Reply To: Cancelling a finance deal

You can use BBCodes to format your content.
Your account can't use Advanced BBCodes, they will be stripped before saving.

Your information: