nathy_87
Member
Registered: 14th Aug 08
Location: West Mids. Drives: Škoda Fabia VRS 5J
User status: Offline
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Whats the rules/regualtions on them, do i need topay it all off before doing a straight swap/selling it?
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smu86e
Member
Registered: 29th Jan 08
Location: Swindon
User status: Offline
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You have to clear the finance before selling the car.
It is upto the buyer to check this before they buy the car (HPI check)
If you swap or part x the car at a dealer they will deal with this for you and pay off your finance.
The finance can not be carried over onto a new car it has to be settled and started again on a new car.
The best way if you are selling the car privatley is to get the buyer to pay with a bankers draft with the finance companys name on it for the amount owed on finance with a letter proving this and the rest buy cash ect.
That way you both the buyer and seller are both covered
Hope this helps
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John
Member
Registered: 30th Jun 03
User status: Offline
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Or pay it all off before selling.
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nathy_87
Member
Registered: 14th Aug 08
Location: West Mids. Drives: Škoda Fabia VRS 5J
User status: Offline
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Ok thanks smu86e & John, just had an offer that i dont think i could turn down, but will mean paying the car off first.
cheers.
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