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how to pay off finance when selling bike?
mumto2loves
Posts: 1,043 Forumite
in Loans
Hi
I know there will be an answer because it must happen all the time I just can't think what it is!
My friend wants to sell his bike which is on finance (with black horse). He can't sell the bike until its paid for, he can't pay for it until its sold.
He's found someone who wants to buy it for £2900. The finance is £3200. He has got £300 cash to pay on top.
The buyer knows its on finance and doesn't want to take it without the finance being paid.
He can phone bh tomorrow, we're just sat trying to think of a solution tonight.
Any suggestions?
I know there will be an answer because it must happen all the time I just can't think what it is!
My friend wants to sell his bike which is on finance (with black horse). He can't sell the bike until its paid for, he can't pay for it until its sold.
He's found someone who wants to buy it for £2900. The finance is £3200. He has got £300 cash to pay on top.
The buyer knows its on finance and doesn't want to take it without the finance being paid.
He can phone bh tomorrow, we're just sat trying to think of a solution tonight.
Any suggestions?
0
Comments
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How about buyer writes cheque out to friend and they pay it into the latters account - this on same day but after the buyer has watched the friend write out and post the final cheque to BH to clear the finance?“In any moment of decision the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing at all.” - Roosevelt0
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Or, take buyer and own cash to BH office and pay then off there and then. Hope this helps:money:Sealed pot (who knows?)
All debts paid in 2013 :T, apart from overdraft
, now to tackle that:)
£3760.00/£
DEBT FREE FOR CHRISTMAS 2014 please:j0 -
phoebesmum2105 wrote: »Or, take buyer and own cash to BH office and pay then off there and then. Hope this helps:money:
i think that would work thank you
0 -
Many years ago my son was buying a car that was already on finance. I seem to remember that we went with the seller to some local office to make sure that the money we gave him was actually used to pay off the seller's loan.I can afford anything that I want.
Just so long as I don't want much.0
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