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Author Can a car be sold thats still on finance??
Rainesie
Member

Registered: 24th Mar 02
Location: Luton
User status: Offline
25th Aug 03 at 21:00   View User's Profile U2U Member Reply With Quote

As above.

Supposing i want to sell the corsa but have a year left to pay.

I don't think i can.
Ben
Banned

Registered: 12th Jan 03
Location: West Yorkshire
User status: Offline
25th Aug 03 at 21:02   View User's Profile U2U Member Reply With Quote

yeh u can if u still pay it off ! i think
J da Silva
Member

Registered: 10th Apr 03
Location: The FACTory
User status: Offline
25th Aug 03 at 21:07   View User's Profile U2U Member Reply With Quote

u can let sum1 else pay the rest mate, just cut your losses,finance is for ppl who like to pay more in the long run
Nath
Member

Registered: 3rd Apr 02
Location: MK
User status: Offline
25th Aug 03 at 21:19   View User's Profile U2U Member Reply With Quote

Or finance is for people who cant get loans like me. I got my car when i was 18 and finance was all i could get. A year later i got a lower rate loan and saved money on the repayments.
Rainesie
Member

Registered: 24th Mar 02
Location: Luton
User status: Offline
25th Aug 03 at 21:25   View User's Profile U2U Member Reply With Quote

I've got the car but i want rid now. I take it then i can't sell it until its payed off, only 12 months left but i got ideas.
CORSA NUT
Member

Registered: 3rd Aug 01
Location: Wirral
User status: Offline
25th Aug 03 at 21:25   View User's Profile U2U Member Reply With Quote

You can seel it if you can prove to the buyer you will be settling the remainder of the finance after sale

I got fuked coz i got a purchase hire agreement meaning i canny sell it.
m4tt_c
Member

Registered: 24th Mar 02
Location: essex
User status: Offline
26th Aug 03 at 05:59   View User's Profile U2U Member Reply With Quote

take a loan out pay the finance off then pay the loan back when you sell the car
Gambit
Member

Registered: 5th Jun 00
Location: Common Sense HQ
User status: Offline
26th Aug 03 at 08:32   View User's Profile U2U Member Reply With Quote

ring the finance and ask for a settlment figure first

in my case i had payed 2yrs with 2yrs remaining, the settlement figure they wanted was something like 3200, which the car wasnt worth

in the end i just give it back and walked away with nothing to pay.

Vauxhall finance then sold it at auction 2 weeks later for 2300!!
Gucci
Member

Registered: 25th May 03
Location: West Yorkshire
User status: Offline
26th Aug 03 at 11:21   View User's Profile U2U Member Reply With Quote

I got finance from a vauxhall dealer on my car, i asked the same question and they said that i could sell the car as long as i promised to pay off the existing amount on the car. It's depends if buyer trusts you cos it'll show up on the HPI check.

 
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