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HP Agreement termination

Options
deason_uk
deason_uk Posts: 21 Forumite
in Loans
Hi,

Yes I know...its illegal to sell your car if its still within a HP Agreement etc.

I'm selling my car which has a settlement at 15k....value I can get for it is about 16.5, my options are sell it privately OR get ripped of by a dealer.

What options have I got? The dealer surely won't pay me the difference I know that!!!

Thanks

Comments

  • ILW
    ILW Posts: 18,333 Forumite
    The reason you cannot sell it, is because you do not own it.
    If you have paid 50% though you can hand the car back and make no further payments.
  • Jay_Tee
    Jay_Tee Posts: 1,653 Forumite
    deason_uk wrote: »
    What options have I got? The dealer surely won't pay me the difference I know that!!!

    You can contact the finance company and ask for their authority to sell the vehicle.
This discussion has been closed.
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