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Selling a car - HP Check
I am selling my 2008 Nissan Micra as I am moving to Australia and have a question regarding HP checks.
I want to sell it and use the money to pay off the HP. However, if my purchaser gets an HP check they will find that it has finance and so won't buy it leaving me unable to pay off the HP.
Is there a way around this without me having to pay off the HP before I sell? For example, could I get the purchaser to pay the money direct to the HP company rather than to me?
I want to sell it and use the money to pay off the HP. However, if my purchaser gets an HP check they will find that it has finance and so won't buy it leaving me unable to pay off the HP.
Is there a way around this without me having to pay off the HP before I sell? For example, could I get the purchaser to pay the money direct to the HP company rather than to me?
0
Comments
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Yes you can get them to pay it on your behalf.0
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harveybobbles wrote: »Yes you can get them to pay it on your behalf.
Is that the normal way to do things? Sorry if this sounds a bit thick but I'm not used to selling cars.0 -
get a short term loan?0
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Well technically the car isn't yours to sell.
so either the buyer trusts that you will pay it off when they pay you, or you could ask them to settle it on your behalf and give you any outstanding money that's left.0
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