Voted Best Answer
Jul 12, 2018 - 03:07 AM
Hello there
It all depends on the outstanding balance on the Sandero's finance agreement. If the car is mostly paid off, the dealership will settle the outstanding balance with the financial service provider, and whatever is left over will go towards the deposit of your next car. Now it seems as though you've paid off about half of the financed amount on the Sandero (just by looking at the year model), so you've likely already settled the interest repayments as well as some of the car's actual purchase price - in this case, you may just get enough on trade-in to settle the Sandero if you were to trade it in. If not, you will need to pay in some extra to settle the Sandero's outstanding balance, following which your application for finance on the Captur can commence.
From that point onwards, you should be able to apply and receive finance on the Captur, and you will simply pay the new instalment every month (provided you qualify for finance on the new, higher-value car, that is).
Hope this helps!
The AskAutoTrader Team
It all depends on the outstanding balance on the Sandero's finance agreement. If the car is mostly paid off, the dealership will settle the outstanding balance with the financial service provider, and whatever is left over will go towards the deposit of your next car. Now it seems as though you've paid off about half of the financed amount on the Sandero (just by looking at the year model), so you've likely already settled the interest repayments as well as some of the car's actual purchase price - in this case, you may just get enough on trade-in to settle the Sandero if you were to trade it in. If not, you will need to pay in some extra to settle the Sandero's outstanding balance, following which your application for finance on the Captur can commence.
From that point onwards, you should be able to apply and receive finance on the Captur, and you will simply pay the new instalment every month (provided you qualify for finance on the new, higher-value car, that is).
Hope this helps!
The AskAutoTrader Team
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