Things to consider when considering ‘Interest Free Car Finance’ packages cont…
Most people will go to a dealer and part exchange their old car. The dealers will usually offer a very low price in comparison to the price of a new car typically less than you would get in a private sale.
If your car is clean and importantly dent and scratch free you may get a much better part exchange value. This is because the dealer will be able to sell it off his forecourt and sell it at full retail price. If a car is a little tired, they will usually sell the car off cheap to a smaller dealer who will sell the car for a lot less. So, bear this in mind if your car is pristine.
If you need to buy from a dealer, my suggestion would be to sell your car privately and use the cash you get to grind out a better finance deal with your dealer. Even with poor credit, if you can put down a down payment, it might tip the balance in your favour where a simple part exchange may not get the go ahead.
