Selling car - declare finance in the ad or not?

thehappybutterfly

missile wrote: »

I wouldn't declare it in the add but tell them if and show them paperwork when they view. I doubt anyone would do a HPI check before viewing.

However, your plan for buyer to pay credit balance would scare me off. I would expect you to pay balance and present clear title before I bought the car.

That's why I'm selling the car - to clear the finance and cover the cost of the 'new' car.

I'm never sure what to call the 'new' car as it's a much older car! My chums are all excited when I tell them I've got a new car "Oooh, what have you got?" "an 8 year old Astra" - you should see their faces!

However, I did name him today - he's called Geoffrey

Jamie_Carter

thehappybutterfly wrote: »

That's why I'm selling the car - to clear the finance and cover the cost of the 'new' car.

I'm never sure what to call the 'new' car as it's a much older car! My chums are all excited when I tell them I've got a new car "Oooh, what have you got?" "an 8 year old Astra" - you should see their faces!

However, I did name him today - he's called Geoffrey

Have you considered getting a short term loan from the bank, to pay off the finance until you sell the car?

bluesnake

thehappybutterfly wrote: »

I have a letter from Ford Credit with the settlement figure. The plan is for the buyer to phone Ford Credit in my house - on speaker phone maybe? and make a payment to them over the phone, they confirm that the payment has gone through, the buyer then gives me the balance.

Or, I go to the bank with the buyer and they make a payment there and then. Or online on the laptop? There are loads of ways of doing it and like someone said, it's common enough that it doesn't worry the experienced buyer.

In answer to someone's comment about doing an HPI check, my registration is in the photo. I have nothing to hide so I didn't feel the need to photoshop it out.

I've had an enquiry today so that's good! I told him about the finance too. He's to speak to his wife and (hopefully) he'll come back to me. Fingers crossed!

I have got no idea how card are financed or leased - just a commoner. After seeing this post thought "letter from Ford Credit" = mate in a phone box. I expected the words "Nigeria", "Western Union", and "disenfranchised President looking for a quick sale in £ or $"

As a punter, i'd avoid it like the plague.