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Short Term Loan Required!
jackdaniels_2
Posts: 3 Newbie
in Loans
Hi everyone.
I'm hoping someone can give me some good advice!
Last July, I took out a three year lease on a car. However, I have recently decided that I want to terminate the lease and replace the car with something else. I've been in touch with the leasing company, who have informed me that I will have to pay a settlement fee of £14.5k to terminate the lease and then the car will be mine to do what I want with. I am quite happy with the settlement fee as the car is worth slightly more than that. The only problem is that I obviously can't sell the car first to pay off the lease because it still belongs to the leasing company!
So what I basically require is a loan of £14.5k to pay off the leasing company which I can then pay off as soon as I've sold the car. Hopefully it won't take me very long to sell the car!
Any suggestions??
Thanks.
I'm hoping someone can give me some good advice!
Last July, I took out a three year lease on a car. However, I have recently decided that I want to terminate the lease and replace the car with something else. I've been in touch with the leasing company, who have informed me that I will have to pay a settlement fee of £14.5k to terminate the lease and then the car will be mine to do what I want with. I am quite happy with the settlement fee as the car is worth slightly more than that. The only problem is that I obviously can't sell the car first to pay off the lease because it still belongs to the leasing company!
So what I basically require is a loan of £14.5k to pay off the leasing company which I can then pay off as soon as I've sold the car. Hopefully it won't take me very long to sell the car!
Any suggestions??
Thanks.
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