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Selling My Car can I give buyer credit

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Comments

  • NeverAgain_2
    NeverAgain_2 Posts: 1,796 Forumite
    Skint, with a young family, but he still has a Galaxy S mobile.

    I suppose that's the definition of poverty these days.

    Having said that, you are selling him a car, not financial advice.

    If he looks a deserving case, I would let him have the car.

    I would issue a short invoice, making it clear ownership transferred on the date the £300 was paid, just to avoid any problems with speeding or parking tickets.

    No point in taking the phone as security, he will either pay the balance or he won't.
  • TUS
    TUS Posts: 692 Forumite
    Suggest he sells his phone, pays you the full price now and in a couple of weeks when he has the extra £200 he can buy himself another phone :-)
  • Wh05apk
    Wh05apk Posts: 2,938 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The phone will almost certainly be on contract, so not his to sell/give away.
    I am a mortgage adviser.
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • TUS
    TUS Posts: 692 Forumite
    Wh05apk wrote: »
    The phone will almost certainly be on contract, so not his to sell/give away.

    Not strictly true ... you are free to sell a contract phone whenever you like. If you miss payments, SOME phones can be blocked, or the phone company can take other action to reclaim the contract value.
  • mcjordi
    mcjordi Posts: 4,238 Forumite
    Part of the Furniture Combo Breaker
    pm me details of the mondeo im after one and have money waiting lol
    Sealed pot challenger # 10
    1v100 £15/300
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