Are You Looking to Settle Your Car Finance Early?
Managing your car finance shouldn’t be confusing. At Marsh Finance, we’ve steered customers through this journey for over five decades, and we’re here to simplify things for you.
A settlement is essentially an offer to clear the remaining balance on your car finance in one lump sum. Think of it as a shortcut to owning your car outright, without the monthly twists and turns. Get in the driver’s seat of your financial journey, and let’s explore settlements together.
Alternative Options: Refinancing
Instead of taking the full settlement path, refinancing lets you renegotiate the terms of your existing loan. It includes swapping your agreement for one that might offer lower monthly payments or the opportunity to upgrade or downgrade your vehicle. Refinancing is all about recalibrating your journey to better match your financial landscape.
Imagine cruising down a highway with fewer toll booths. Refinancing can potentially reduce your monthly financial stops, freeing up cash for other journeys in life. With refinancing, adjust the length of your loan or negotiate other terms to ensure your financial journey fits just right with your current life map. In the current cost-of-living crisis, refinancing can be a great option for easing financial burdens.
However, with refinancing, it is important to acknowledge the likelihood of higher interest rates as lenders look to offset risk. There’s also a chance of significant car depreciation due to the car loan being extended to ensure payments are made.
How Refinancing Works
Find Your Car
Receive Your Quote
Drive Away Happy
Ready to Take Your Next Car Finance Steps?
It doesn’t matter if you’re looking to settle your agreement or refinance, Marsh is on hand to help you navigate your next steps. Simply fill in one of the below forms and take a major step in controlling your finances.
Rates from 14.9%
Representative example: borrowing £10,000 over 60 Months with a representative of 17.9% APR, an annual interest rate of 17.9% (fixed), and a deposit of £0.00, the amount payable would be 59 repayments of £255.42 per month, with one final repayment of £265.42 (which includes the option to purchase fee of £10.00), with a total cost of credit of £5,335.20 and a total amount payable of £15,335.20.
Marsh Finance Limited are a lender, not a broker.
This is for illustrative purposes only and is not a quote or an offer of finance.