| Settling hire purchase for a MINI
Dear All,
I'm very naive and innocent when it comes to finance and borrowing cash - I don't have any credit cards or any real debts apart from the deadly mortgage - to be honest it all scares me!
I need your help and your advise. I've searched through this section and can't seem to see my question. I appreciate honest opinions from everyone especially people who aren't earning commission from this decision!
I sold my MINI One 10 months ago and since then I've been dying to get another MINI. Now my partner has suggested that maybe swapping his 55reg Astra Sxi for a R53 56reg Cooper S. Now our Astra is approx 1.5 years old (Jan 06) and we have a 3 year 0% APR Hire Purchase finance contract on it. We owe approx £8.5k still and the car is worth about £8.5k I think.
What is the best way to go about closing this scheme - what may be the pitfalls to worry about? Will there be a massive fee for ending the contract early? Its 0% apr so there shouldn't be really should there?
Need to understand all financial options before really going ahead!
Thanks for any help and advise you guys can give!
THANKS - very excited about this prospect but this means I may have to share a new S with my partner!  | 
