Can't decide what to do...

[cnut]

Hi all,

I after some advice about what to do with my car.

I have an Audi A4 1.9TDI Sport which is currently on HP. I have less than a year left until it's paid (Aug 2014) and the balance currently outstanding is £1341.

I am really craving a petrol car again and I have been eyeing up some R32 Golfs. When I got the Audi I thought I would be using it more than what I have but last year I only did 8K in it so it almost seems pointless having it.

The R32s I have been looking at seem to be around the 6.5K mark. So my question is, do I approach a dealer now and part/ex my Audi against one? I expect I would get around 3K tops part/ex. What then happens to the outstanding balance on the HP?

Or do I wait until Aug next year when my car is fully paid off and then part/ex or privately sale it against an R32 Golf?

What's the most financially wise thing to do in this situation?!

Cheers

[pacoryan]

Sell the car privately and let the purchaser settle the HP, or pay it off yourself on a credit card so the car is clear of encumbrance and sell it privately.

I'm assuming you are happy to sell privately, if not BCA sure-sell might be worth a punt.

You will get hammered at p/ex.

[rfoster]

A dealer will usually settle your finance agreement for you as part of any part exchange deal - but frankly I'd want to see a copy of the transfer slip at the point of handover to ensure it had been done.