What’s the best way to sell a car with outstanding finance?
What’s the best way to sell a car with outstanding finance?
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Discussion

vxr8mate

Original Poster:

1,689 posts

212 months

Friday 13th January 2012
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A friend of mine is looking to sell his car which has an outstanding amount of dealer finance on it. He is mulling over the best way to advertise it and accept payment (i.e. draft to finance company and balance to him etc).

Any experience?

falkster

4,258 posts

226 months

Friday 13th January 2012
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I struggled like hell to sell my mates car after he moved to Oz. I tried to pay the finance off with the potential new owner present which wasnt a winner, I tried to get the potential new owner to pay the finance off directly with the settlement letter in my hand.
Nothing works!!
Only way, and rightly so, to make a potential buyer feel confident it's not a scam is to pay off the finance.
No matter how genuine you try to look, people will think its dodgy and you would too.