I need to sell my RRS HSE and pay finance off - how do I do this and make sure I get the money I need to pay off finance company?

Contact your finance company for a Settlement Figure.

Then put your car up for sale, but you WILL have to clear the outstanding balance on the finance at point of sale. Hopefully your settlement figure is less than the cars value and you will have some capital left over.

Should I contact a garage to sell it rather than a private sale though? I have my settlement figure and it doesn't look likely that I will break even - husband usually deals with these things but he is ill and thats why we need to sell asap. The thought of going to a garage and dealing with salesmen terrifies me!

Put it on Pistonheads....if you want some help writing the ad or placing the ad, give any one of us a shout, we are all happy to help...sorry about your husband

i had a focus st on a 3yrs lease (personal contract purchase),after 2yrs i owed 8,500.took it to we buy any car and sold it for 10,500.they settled the finance there and then and deposited the rest into my account within a couple of days no hassle.
i have heard some bad rumours about them but my experience was fast and hassle free service.

Try to sell it privately first. I have bought a few cars with existing finance and its relatively simple to sort out. Many private buyers are not put off with a car owing finance.....

BTW whats the spec...my be worth putting a for sale of here...

pinkbubbli wrote:

Should I contact a garage to sell it rather than a private sale though? I have my settlement figure and it doesn't look likely that I will break even - husband usually deals with these things but he is ill and thats why we need to sell asap. The thought of going to a garage and dealing with salesmen terrifies me!

Yep, Chris is correct. If you bought the car on a "Hire Purchase Agreement", once you have paid 50% of the finance you can just hand the car back to the finance company and walk away. Obviously if you think you are in a negative equity position with the car then this can be a good option. I would also check the mileage of the car is not above the quoted figure in the HP Agreement as you may then be liable for some additional payments. I am not sure what, if any, effect just handing the car back will have on your credit score. Maybe someone else on the forum has more expertise on that issue and can advise.

Good Luck to you & your hubby. 2013 Discovery HSE Luxury - 3.0 SDV6 - Santorini Black
2013 Evoque 5 Door Pure Tech SD4 - Orkney Grey with Panoramic Roof (Mrs E's new baby)

GONE - RRS - 3.0 TDV6 HSE - Santorini (2010)
GONE - RRS - 2.7 TDV6 HSE - Java Black (2007)
GONE - Porsche Boxster S - 3.2 - Black

Should have no effect, a guy who used to work for me did this all the time but i do beleive there is a maximum value of the HP, i may be in correct but the figure of £24K springs to mind, KAM may be able to help.

Pinkbubbli - Contact James at Lookers Park Royal, site sponsor, he may be able to help dependant on the spec etc.

Hope hubby gets well soon

There are 2 types regulated and non regulated,I tried it with my MB but I had the wrong one,also I understand if you do walk away it will show as a bad mark on your credit rating so only do it as a very last resort. MY2011 HSE Santorini/Ivory/Piano Black/Privacy Glass/TV .Sadly gone.
Audi A5 Sportback Black Edition 3.0 tdi quattro S Line

Thanks to you all for responding to my post - truly has been a great help to read over all the info you guys have provided. You will all be shaking your head when you read this next part! How do I know the spec!?! I know it is java black, 22 inch alloys, cream leather, touch screen sat nav, plug in your ipod thingy, chrome on the top of the wing mirrors, heated front and rear seats, step to get in(i'm wee!) and it has privacy glass at the back seats and back window - is that all I mention to garages or if I put it on as a private sale - I know you will be shouting at the screen!

Remember to list all the things it hasn't got as highly sought after option deletions  MY2011 HSE Santorini/Ivory/Piano Black/Privacy Glass/TV .Sadly gone.
Audi A5 Sportback Black Edition 3.0 tdi quattro S Line

pinkbubbli wrote:

Thanks to you all for responding to my post - truly has been a great help to read over all the info you guys have provided. You will all be shaking your head when you read this next part! How do I know the spec!?! I know it is java black, 22 inch alloys, cream leather, touch screen sat nav, plug in your ipod thingy, chrome on the top of the wing mirrors, heated front and rear seats, step to get in(i'm wee!) and it has privacy glass at the back seats and back window - is that all I mention to garages or if I put it on as a private sale - I know you will be shouting at the screen!

Ah! - TDV6 2006 55 plate with 57,000 miles.

You should do what all the LR dealers do,advertise it at 49K miles and put the readout onto trip and hope you get away with it,if anyone notices just say it was a mistake.  MY2011 HSE Santorini/Ivory/Piano Black/Privacy Glass/TV .Sadly gone.
Audi A5 Sportback Black Edition 3.0 tdi quattro S Line