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Can you upgrade to a different car before the end of your contract? Gemma

Hi Gemma,

Absolutely. When you take out a Hire Purchase agreement (which is what we provide) you are simply borrowing the funds to purchase the car of your choice. If you wish to sell the car, that’s fine. If you wish to change your car, that’s fine too, you simply sell your car (or trade it in) and purchase the new one.

With Hire Purchase agreements there are no penalties you simply need to pay off the outstanding amount remaining in the finance agreement.

I hope this helps, if you have any more questions just drop us a line.

About The Expert

Jon Le Roux is co-founder and company director of The Car Loan Warehouse. Being a mad engineering and motorsport enthusiast, I spend more hours than is healthy, watching, reading or talking about cars, boats, motorbikes…..basically anything with an engine.