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Old Mar 30th, 2007, 07:49 AM
Martin F
Making it add up
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Join Date: Apr 2006
Location: Sussex
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I agree with Tigger. Your lowest cost option is almost certainly to keep your present car for as long as possible.

It also sounds as if its present value of the car is around what you owe on the finance. However the amount owing on finance is likely to drop faster than the fall in value of the car because, when the loan is repaid, I would be very suprised if the car was also worth nothing.
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