General > Random Chat
Selling a car with finance on?
Richn83:
you might have difficulties with a buyer being happy to do that, can you get temporary access to some money 0% credit card, personal loan etc to pay off the finance prior to sale?
joesgti:
ok, i thought they offered you a good trade?
182_blue:
--- Quote from: JPC on June 03, 2010, 09:17:33 am ---Awesome! Not! Right so really I need to take two cheques from a buyer, if they're willing. Wait for lombard to give the green light then the car can go?
--- End quote ---
Ideally dont take a cheque imo (too dodgy, or too long a wait), personally in your position i would get the buyer to pay for the financed part over the phone with a debit card to Lombard on the day of purchase (again not ideal and not many people would do this), this way the buyer knows its all settled and you know its paid off, then take cash for anything over and above the settlement price (an instant bank transfer is another good option)
To help before the sale get a quote for the settlement figure from Lombard (written copy to show the buyer)
JPC:
Thanks for the help guys ;)
tony_danza:
I paid off the previous owners finance on the phone when I picked the car up, then gave him the rest in cash - I didn't see it as an issue, but then I trusted the guy.
I can see your dilemma though, can someone front you some cash for a week or so?
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