selling a car + finance

[cosmagedon]

Im getting the urge for a frs after my cousin just bought one. Ive jut put my fiesta st back on the road but its just to slow and i fancy owning a frs for a bit.

If i sell my fiesta, ive had it for nearly 2 years now, and owe about £1500 on it now, 1 year left of repayments. How do i go about selling it, ive never actually sold a car with finance still owing. Do i sell it then send the cash left over to the finance company?

[gaz m]

if you bought the car thru the finance co then they own it leagally up til a certain amount is paid off, your best bet is to speak to them as I think the finance needs to be settled before you sell it.. iirc...

[TREVCOS]

As Gaz said if it's through a finance company you need to talk to them first, because legally it's their car until you make the last payment.

If it's financed through a bank loan it doesn't matter, you can just sell it because the loan won't be secured on the car.

[COZZFATHER]

get a settelment off the finance co and show anyone interested how much it is.

i would contact them and see what they say as some do things differant but say you auction it, whatever it sells for then less the finance which they then pay off is what you get

[TREVCOS]

get a settelment off the finance co and show anyone interested how much it is.

i would contact them and see what they say as some do things differant but say you auction it, whatever it sells for then less the finance which they then pay off is what you get

That's an idea. I actually paid the finance off on my R1 for the previous owner and then gave him the difference.

[turbocat]

That's an idea. I actually paid the finance off on my R1 for the previous owner and then gave him the difference.

I did that on my e46 m3. That way I ts paid off

[cosmagedon]

Cheers ill keep my eye out for a mint one then see how things go