The dealer will pay off the finance company and you can put the money you are offered above the MGFV towards a car from the same dealer. If this amount is substantial, it could mean taking out another loan. If that's the case, it could be better value getting a four or five year loan to cover the whole cost if you always planned to keep the car. Several banks will offer you a car loan. They don't tend to offer a more competitive rate to general personal loans, but offer incentive vouchers for car insurance, breakdown services and tyre deals.
Many lenders offer any-purpose personal loans.
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