FAQs - Existing customers

Can I settle my agreement or make additional payments to pay off my agreement early?

Moneybarn,
Monday, 22 August 2016

Yes, you can pay your agreement in full (early settlement) or make additional payments (partial early settlement) at any stage during the life of the agreement.

If you are wanting to pay your agreement off in full before the full time period on your agreement, this is referred to as an early settlement. Your early settlement figure will be different depending on how much you have already paid back.

You can also ask to pay a partial early settlement. For example, if you get a bonus at work, you might want to put this extra money towards paying off more of your vehicle finance agreement. This is referred to a partial early settlement, as it will bring your final payment date forward.

If you are wanting to know how much it would cost to settle your agreement early, whether this be in part or in full, then please contact our Customer Services Team on 0330 555 1230. They will be able to explain to you what exactly makes up the cost to your early settlement and what you need to do to arrange a full or partial early settlement.