Selling 'expensive' car privately

[PurpleGorilla]

Selling 'expensive' car privately

Be sure to take only two or three fuzzy photos, and none of the interior.

http://www.autotrader.co.uk/classifi...01602010619525

[ZARDOZ]

Finance aspect would put a lot of private buyers off.

You'd get calls from traders and chancers offering 1/2 market value for quick sale, willing to take on the hassle.

Yep, first question I would ask, and if finance outstanding would walk away as stricky speaking it's not theirs to sell. OP should clear the finance first not expect a puchaser to do it. Usually the ones who do this want the money paid to them first, yeah right!

Selling private used to be fairly straightforward but since cheap money/loans most punters would rather overpay at a dealers who scoop up same once private sale cars at super low prices via webuyanycar and such. This is one of the reasons I only lease expensive cars.

[original PM]

Yep, first question I would ask, and if finance outstanding would walk away as stricky speaking it's not theirs to sell. OP should clear the finance first not expect a puchaser to do it. Usually the ones who do this want the money paid to them first, yeah right!

Selling private used to be fairly straightforward but since cheap money/loans most punters would rather overpay at a dealers who scoop up same once private sale cars at super low prices via webuyanycar and such. This is one of the reasons I only lease expensive cars.

Indeed that would be my view - you do not own the car so you cannot sell it legitimately.

What you possibly need to do is get a loan (not secured on the car) clear off the finance on the car and then when you sell the car pay off the loan.

Unless it is a pretty niche car then the chances are there will be other cars of similar quality and price without the finance hassle that most buyers will go for - and that is why you will get those having a punt at a lower price.

Put yourself in the buyers shoes and see what you think???

Would be interesting to know how this turns out!

[LondonManc]

If you intend to clear the loan and there's sufficient equity in the vehicle, why not discuss that with the finance company. Ask them for a settlement figure; they'll send you one by post. You can then ask the buyer to split the payments between the finance company and your own account accordingly.

[clearedforlanding]

If you intend to clear the loan and there's sufficient equity in the vehicle, why not discuss that with the finance company. Ask them for a settlement figure; they'll send you one by post. You can then ask the buyer to split the payments between the finance company and your own account accordingly.

+1

Do not accept their finance company's first offer however. They will negotiate because they don't want the inventory cost.

[ZARDOZ]

If you intend to clear the loan and there's sufficient equity in the vehicle, why not discuss that with the finance company. Ask them for a settlement figure; they'll send you one by post. You can then ask the buyer to split the payments between the finance company and your own account accordingly.

Which sensible buyers would not do, they would want to buy the car off the person with full title to it. Too many con merchants out there selling cars with finance on them.

[LondonManc]

Which sensible buyers would not do, they would want to buy the car off the person with full title to it. Too many con merchants out there selling cars with finance on them.

Sensible and gullible aren't necessarily mutually exhaustive.