Can I keep paying my direct debits and use the insurance payout to buy a new car?
Unfortunately, not. While you still owe Oodle money on the written off vehicle, you cannot buy a new car.
Any settlement money from your insurer should be paid directly to us, as the owner of the vehicle. Your direct debit payments will then continue until we advise you that they are finished.
However, we can look to assist you with the purchase of a new car. As long as your credit rating is accepted, we can re-finance the shortfall on your previous agreement.