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Home > General > Advice on selling my rrs sport |
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codfather Member Since: 13 Feb 2010 Location: ayr Posts: 1171 |
Tough one, as we are talking a substantial amount , most buyers would/should run a mile if they check and there is outstanding finance. Even asking them to settle the amount direct to the finance company will make someone think it is dodgy!
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Tue Jun 24 2014 8:55pm |
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muddywheels Milk Float Man Member Since: 30 Jun 2010 Location: East Riding of Yorkshire Posts: 5636 |
You could try advertising on here
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Tue Jun 24 2014 8:57pm |
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RRS Craig Member Since: 14 Jun 2011 Location: Britain Posts: 139 |
Many thanks for the reply, of course there are other options but they don't offer a realistic price, however that is why I'm asking so I can protect both the buyer and myself as I would be open from the start. Do you buy rrs as a garage or private buyer? RRS |
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Tue Jun 24 2014 8:59pm |
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RRS Craig Member Since: 14 Jun 2011 Location: Britain Posts: 139 |
We buy any car seems a desperate measure as they offer much less. I can understand the worries a buyer would have, however is there a way I can take a bankers draft for my part and the other for the finance company? RRS |
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Tue Jun 24 2014 9:02pm |
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RRS Craig Member Since: 14 Jun 2011 Location: Britain Posts: 139 |
Muddy wheels thank you for the reply, I was hoping to advertise on here but I don't want to brake the forum rules as I can't definitely advertise for sale if it has finance? It is my prude and joy and because of my wife being made redundant and our second boy it is our only option for the time being? RRS |
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Tue Jun 24 2014 9:06pm |
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codfather Member Since: 13 Feb 2010 Location: ayr Posts: 1171 |
Just be careful in any case, because as far as I know even if you owe a quid on finance the company still owns the car. Possibly the two bankers drafts would work, but if it was me and I was satisfied that all was kosher , I would want to speak to the finance company and pay it there and then by switch again only if it was a reputable (dealers??) finance co, like black horse, not some company I'd never heard of.
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Tue Jun 24 2014 9:40pm |
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RRS Craig Member Since: 14 Jun 2011 Location: Britain Posts: 139 |
Yes I would feel the same the remaining amount is with Lloyds and it was purchased from GC motors but I don't think that would be secure enough if I was a buyer, I guess it's the dodgy we will buy any care. RRS |
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Tue Jun 24 2014 9:44pm |
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Michael calvert Member Since: 09 Feb 2014 Location: near leeds Posts: 219 |
I bought mine privately with outstanding finance
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Tue Jun 24 2014 10:04pm |
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codfather Member Since: 13 Feb 2010 Location: ayr Posts: 1171 |
On the plus side, the settlement figure will be quite a bit less than you think, as you won't be paying X month/ years interest
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Tue Jun 24 2014 10:10pm |
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hoppy_70 Member Since: 28 Mar 2009 Location: United Kingdom Posts: 437 |
I think a lot of buyers will be prepared to explore the finance thing for the right car. I've bought a couple with outstanding finance and just paid the finance off myself over the phone then paid the balance to the owner. Some people will be wary but if they are that worried they wouldn't be shopping in the private ads anyway.. Range Rover Sport HSE DYnamic SDV6 Velocity blue 2020 MY
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Tue Jun 24 2014 10:15pm |
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Bomber H Member Since: 17 Apr 2012 Location: Abingdon / Reading Posts: 200 |
I may be in a similar situation soon as my work circumstances have changed, meaning I'm having to drive for work more than I can really warrant keeping the RRS for - plus the expense rate I get doesn't actually cover the fuel outlay!
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Wed Jun 25 2014 12:51pm |
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muddywheels Milk Float Man Member Since: 30 Jun 2010 Location: East Riding of Yorkshire Posts: 5636 |
This might help - have a read
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Wed Jun 25 2014 1:11pm |
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RRS Daz Member Since: 22 Jan 2012 Location: Yorkshire Posts: 797 |
I bought mine with money owing on it.
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Wed Jun 25 2014 2:34pm |
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simple1 Member Since: 15 Jan 2006 Location: Somerset Posts: 1657 |
Have purchased plenty of commercial vehicles with outstanding finance, just paid the finance company over the phone by card, got an email confirming they no longer have a financial interest,given balance to owner and Bobs your uncle.
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Wed Jun 25 2014 4:59pm |
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