Turning 2 cars to one
Discussion
We have 2 cars in our household and could really do with dropping to one.
Our cars are a 2007 skoda octavia vrs and a 2005 Mini Cooper S both are on finance (the first cars I haven't paid cash for and am now regretting it) both are on 5 year finance plans.
The skoda is 3 years into the agreement and is now worth more than we owe.
The mini is a year and a half in and we owe much more than it's worth.
The obvious option is to sell the skoda but we have a toddler and another child due this week. The mini simply doesn't have the room for prams, bags, shopping etc.
Is there anyway we could trade both in for one car? Or are we stuck until the finances on the mini add up to make a change?
Having never had finance on vehicles I'm confused.
Our cars are a 2007 skoda octavia vrs and a 2005 Mini Cooper S both are on finance (the first cars I haven't paid cash for and am now regretting it) both are on 5 year finance plans.
The skoda is 3 years into the agreement and is now worth more than we owe.
The mini is a year and a half in and we owe much more than it's worth.
The obvious option is to sell the skoda but we have a toddler and another child due this week. The mini simply doesn't have the room for prams, bags, shopping etc.
Is there anyway we could trade both in for one car? Or are we stuck until the finances on the mini add up to make a change?
Having never had finance on vehicles I'm confused.
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