Hi scotslad

I would hope so and logic would show this. Plus they have the security of taking back the car.

However we seem to live in a 'computer says no' world. It would be interesting to hear from anyone who has been in this position.

Mark

Sorry to bump an old topic - but I am fast approaching the possibility of finding myself in the situation I described. Has anyone been there and done that?

For info its Banque PSA Finance through Citroen.

Hello Scotslad.

There has been some talk about this subject here in the last few days. Hopefully someone will have tried this and be able to share their experience with you.

I'm afraid that Mark may well be correct and that the lender will probably wish to underwrite a new financial transaction like this from scratch.

Hi Scotslad,

I came to the end of my TD earlier this Year and wanted to change my car. Went to the same garage and same finance company (which I was still with) and was referred to the underwriter and declined "computer said NO". Even though I have been with them for years, did not make one hoot of a difference when I talked to them (the court judgement with follows a TD shows up on your credit file). As they no longer want my business, I terminated my agreement (could under my T&C's) with them and handed the car back and told them I no longer wanted their business.... a little dramatic I know. You can get other deals if you shop around (it will cost you however).

Hope this helps.

TT