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Author Finance question......
Red_SXi
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Registered: 23rd Sep 02
Location: Dunstable Drives: 52 Plate BMW 3 M Sport Coupe
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14th Jul 04 at 10:36   View User's Profile U2U Member Reply With Quote
I still have about 2500 oweing on my car, and i'm thinking about advertising it on Ebay.

Is it ok to promise the finance will paid off when someone puts down a deposit? and should i mention the finance in the advert?
Steve
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Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
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14th Jul 04 at 10:38   View Garage View User's Profile U2U Member Reply With Quote
if the car isnt loan isnt secured on the car then u need tell them nothing, i.e. if u got a personal loan

[Edited on 14-07-2004 by GSiSteve]
Red_SXi
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Registered: 23rd Sep 02
Location: Dunstable Drives: 52 Plate BMW 3 M Sport Coupe
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14th Jul 04 at 10:39   View User's Profile U2U Member Reply With Quote
How do you mean "secured"
Greg_M
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Registered: 2nd Sep 03
Location: Grantham, Lincolnshire
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14th Jul 04 at 10:39   View User's Profile U2U Member Reply With Quote
they could ask for the reg and check it before they bid. then the HPi will show up.

it would be honest, say the money paid will be used to pay the remaining finance or something.
Paul H
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Registered: 11th Aug 03
Location: Lincoln.
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14th Jul 04 at 10:39   View User's Profile U2U Member Reply With Quote
better to put it on the auction i reckon.just incase they hpi it
Greg_M
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Registered: 2nd Sep 03
Location: Grantham, Lincolnshire
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14th Jul 04 at 10:40   View User's Profile U2U Member Reply With Quote
if its vauxhall finance then its HPI. will show up on the car. if it was a personal loan to buy the car outright. then dont tell them.
Red_SXi
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Registered: 23rd Sep 02
Location: Dunstable Drives: 52 Plate BMW 3 M Sport Coupe
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14th Jul 04 at 10:41   View User's Profile U2U Member Reply With Quote
The loan is with GMAC and was a 0% interest loan i got with the car, so i think its best to mention it on the auction
Greg_M
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Registered: 2nd Sep 03
Location: Grantham, Lincolnshire
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14th Jul 04 at 10:42   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Red_Sxi
The loan is with GMAC and was a 0% interest loan i got with the car, so i think its best to mention it on the auction


good deal i want one

[Edited on 14-07-2004 by Greg12v]
Steve
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Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
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14th Jul 04 at 10:45   View Garage View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Red_Sxi
How do you mean "secured"


if u dont pay the loan then they come and claim the car off you

 
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