PCP Car Loan + Emigration

stevopaul1

Hi, we have one vehicle which we purchased in December 09 on a PCP loan from Mini Finance. We are trying to sell the car but interest in the car has been low (at £9995) and a sale is now looking unlikely. We are not in a position to settle the finance and can ill afford a massive loss (like selling to webuyanycar.com as we need all our savings for the move. What are our options other than to continue paying for the car and storing it in a garage?

Cheers

foxwales

Option 1) Contact the finance company and find out what the settlement figure would be if you were to surrender the car to them.

Option 2) Lower the price of the car, advertise on autotrader, supply plenty of pictures and make sure the car is well cleaned

Option 3) Contact Mini Dealerships to see if they would be interested in purchasing your car and negotiate for best price.

Option 4) Place your car on Ebay and set a reasonable reserve, again provide plenty of picture and makes sure the car is well cleaned.

Option 5) Join the Mini Club Forum http://www.britishminiclub.co.uk/smf/ and ask them for advice on where is best to sell your car, you may even find members who wish to buy it off you.

Good luck

zppp

foxwales wrote: »

Option 1) Contact the finance company and find out what the settlement figure would be if you were to surrender the car to them.

Option 2) Lower the price of the car, advertise on autotrader, supply plenty of pictures and make sure the car is well cleaned

Option 3) Contact Mini Dealerships to see if they would be interested in purchasing your car and negotiate for best price.

Option 4) Place your car on Ebay and set a reasonable reserve, again provide plenty of picture and makes sure the car is well cleaned.

Option 5) Join the Mini Club Forum http://www.britishminiclub.co.uk/smf/ and ask them for advice on where is best to sell your car, you may even find members who wish to buy it off you.

Good luck

Agree - there are quite alot of options here