Can I change my car for another one before the end of the contract?

Can I change my car for another one before the end of the contract?

Yes, it is possible.  It depends on the finance product that you have selected. The exact procedure would depend on the finance company involved and there would be a charge.

For car leasing products such as Contract Hire or Personal Contract Hire, please refer to “Can I end the lease earlier than agreed?

For PCP, it is simply a case of contacting the finance company for a settlement figure, realising what your car may be worth in part exchange and seeing if a deal can be agreed. For example, if the settlement figure on the agreement is £8,000, and the vehicle is worth £10,000 in part exchange, you would have a deposit of £2,000 to go forward with.  If the settlement figure is £8,000 and your vehicle is worth £6,000 in part exchange, then you would need to find £2,000 plus a deposit for the new vehicle if required.

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