Should I just pay off the PCP finance?

[Martylaa]

So I bought a bike last year on a 3 year PCP deal, now looking to move it on but not really getting many nibbles. In my advert I’ve stated I do owe the reminded of the balance and that once someone is seriously interested I will pay it off prior to that said person coming to buy and handing over the full balance before departing with the bike.

Do you think this approach is hindering the sale and should I just pay off the finance so it’s classed as owned outright by me then sell it, do you think that will make a sale easier?

I can afford to pay it off from my savings and just return the money back to the savings once sold.

[Motorsport3]

It may be easier if you do so but shouldn't be a deal breaker one way or the other. Once I bought a bike privately that had finance but before I departed with said bike the previous owner cleared the balance of debt to in front of me. Friends of mine have done similarly with cars.

[trickywoo]

If it’s the right price it won’t make any difference.

[airsafari87]

And if it doesn’t sell after you’ve paid it off?

Happy just to keep hold of the bike are you?

[Bob_Defly]

It's priced too high.

[Martylaa]

Bob_Defly said:

It's priced too high.

Cheers.

[GSA_fattie]

just VT

and do not listen to any dick on here who says it fks with your credit rating, it doesn't, perfect legal, do it all the time for last 30 years, its in the very small print at the back of your contract

pay up to 50% and dispose subject to T&C of your contract re servcing and condtion as its not straight HP

there thread closed

[Charlie Croker mk2]

A substantial number of cars / bikes are sold via a PCP or other finance , a private sale either has to cheaper or a very special ( low milage ) or rare ? Maybe just sell it back into the trade or wait till the end of the pcp and just hand it back .