Want to change a car on finance - best way
Discussion
I purchased an Abarth 500 last year on finance but am seriously thinking of switching to a Renaultsport Megane 250. Now I owe less on the Abarth than what it's worth so what's the most cost effective way of selling it ?
The way I see it I have 3 options.
1. Sell private but get buyer to settle finance and pay me the difference in cash.
2. Sell the car back to The Abarth dealer.
3. Part ex the Abarth at the Renault dealer.
How shall I go about this ?
The way I see it I have 3 options.
1. Sell private but get buyer to settle finance and pay me the difference in cash.
2. Sell the car back to The Abarth dealer.
3. Part ex the Abarth at the Renault dealer.
How shall I go about this ?
yes thats basically it.
Get a settlement figure ready.
make sure you call the finance company and then pass phone to the buyer and then back to you to confirm clearance of the car, the buyer can then give you the remainder in cash etc.
Sometimes its easier than taking cash or bank transfer trust etc
J
Get a settlement figure ready.
make sure you call the finance company and then pass phone to the buyer and then back to you to confirm clearance of the car, the buyer can then give you the remainder in cash etc.
Sometimes its easier than taking cash or bank transfer trust etc
J
M5 Russ said:
Yes it's my car but there is outstanding finance. Car is worth around 11k and amount owed is 8.5k. That why I thought if I sell privately the buyer can pay the finance company via debit card and give me the res in cash then drive off with a full and legal ownership.
Are you sure it's your car?Is the finance a lease, an HP or a bank loan?
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