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  • FIRST POST
    bobbarley
    I need to sell my Hire Purchase car, any advice? Please help
    • #1
    • 9th Jul 07, 5:59 PM
    I need to sell my Hire Purchase car, any advice? Please help 9th Jul 07 at 5:59 PM
    Like all the people on here, I'm trying desperately to sort of finances out. My fianc!e and I want to buy a house, so that means me selling my car.

    I bought the car is January 2005, it's a 2005 54 plate Citroen C2 VTS. The car was bought for 12,000 on 4 years finance. I'm making monthly repayments of about 253 and there's around 4,500 left to pay on the car. I believe the car to be worth around 6,000.

    I need to sell the car now to clear the debt, the problem is I can't sell it until the finance is paid off, otherwise it isn't HPI clear. Obviously I don't have the money to pay off the car, hence why I'm trying to sell it. You can see the viscous circle.

    Can anyone offer me some advice as to how I can get rid of the car? I don't want to terminate the HP agreement as I want the profit from the car to put towards a deposit on a house, but I can't afford to take out a loan to pay off the car, or put it onto my credit card, because the interest I'd have to pay would be stupid.

    Thanks in advice everyone.

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