Change unit in the middle of in-house financing

[khenma0928]

Pay your existing loan in full now then get another loan.

When paying in full,they include the interest? Lets say i got the city in house financing

[Syuryuken]

Hello... Anyone tried here to change their loaned unit in the middle of in-house financing?

Let's say i loan the honda city for 5 years. Then after 2 years, i decided to change into civic?

How about change the loan into another car brand? Honda into Mazda?

Thanks.. 😀

kung brandnew hindi pwede sir pero pwedeng swap sa repo ng bank yung unit mo sinubukan ko nun sa RCBC pero di ko na tinuloy laki ng lugi ko pag swap halos walang value yung sasakyan ko laki pa ng interest dahil secondhand na. Di ko lang alam kung pwede sa ibang bank.

[dr. d]

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pay in full and pre-terminate the loan. you will just have to ask the loaner about the fees involved. brace your knees for the amount involved. (bear in mind.. when you and the bank first entered into partnership, the bank already had a profit amount in its receiveables...)
once paid in full, transfer ownership to you and sell the car.
then you can get your next car.

comment: this must be a really good car that you are eyeing! considering the hell of a mess you are willing to swim thru..

good luck, sir.

"assume balance..?" unless you are almost giving it away... why would anyone buy a used car at brand new price?

[khenma0928]

kung brandnew hindi pwede sir pero pwedeng swap sa repo ng bank yung unit mo sinubukan ko nun sa RCBC pero di ko na tinuloy laki ng lugi ko pag swap halos walang value yung sasakyan ko laki pa ng interest dahil secondhand na. Di ko lang alam kung pwede sa ibang bank.

Ah... Eh kung ipapahatak nlng then saka ako magpalit ng unit... Masira nmn credit score noh?

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pay in full and pre-terminate the loan. you will just have to ask the loaner about the fees involved. brace your knees for the amount involved. (bear in mind.. when you and the bank first entered into partnership, the bank already had a profit amount in its receiveables...)
once paid in full, transfer ownership to you and sell the car.
then you can get your next car.

comment: this must be a really good car that you are eyeing! considering the hell of a mess you are willing to swim thru..

good luck, sir.

"assume balance..?" unless you are almost giving it away... why would anyone buy a used car at brand new price?

Full including the interest. Right? Say 3 years remaining... I pay the whole 36 months...