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| The Pub For General Automotive Related Talk |
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16-03-2009, 05:04 PM
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1999 Ford Fairmont Ghia
Join Date: Mar 2007
Location: NSW
Posts: 1,162
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My mate bought a motorbike on finance paying a 20% deposit and getting the rest with finance. After riding for a few months he wants to upgrade to something more powerful. Is he able to trade in the bike?
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16-03-2009, 05:23 PM
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#2 | ||
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Regular Member
Join Date: Jan 2008
Location: Kalgoorlie
Posts: 60
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He may have to pay out the loan, and cover an early exit fee. Suggest he gets teh dealer to simple pay what his trade in is directly to the finance company...otherwise your getting cash for credit, which some may consider dangerous.
But yes, he can trade it in. |
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Trading in under finance
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