26/10/2026
Finance ending soon? Don’t just hand the keys back. 🔑👀
Lots of people assume the end of a finance agreement leaves only two choices: give the car back, or find a lump sum to clear what’s left.
In reality, there are often more options than you think. Which ones fit you depends on your agreement, what the car is worth today and what you want next.
1️⃣ Settle and keep it
Love the car and have the funds? Paying the outstanding balance could make it fully yours and close the agreement.
2️⃣ Refinance the balloon
Want to keep the car but would rather not pay the final balloon in one go? Refinancing could spread what’s left over a new term, subject to status and approval.
3️⃣ Change the car
Enjoyed it but ready for something new? The end of your agreement is the perfect moment to rethink your next move and line up the right funding for your next car.
4️⃣ Unlock any equity
If your car is worth more than your settlement figure, you may have equity. Depending on your circumstances, that could go towards your next car or be released as funds.
The biggest mistake? Leaving it until the last minute and assuming there’s only one way forward.
The right choice comes down to the numbers, the agreement you’re on and where you want to go next. Reviewing your options a few months before the end date puts you back in control.
If your agreement is coming to an end and you’re not sure what to do, drop us a message and one of specialist team can talk you through what options you have.
LJ Prestige Ltd is authorised and regulated by the Financial Conduct Authority (FRN 998689). We act as a credit broker, not a lender. Finance subject to status.
