We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Need To Sell Financed Car Urgently

2»

Comments

  • Foxy-Stoat_3
    Foxy-Stoat_3 Posts: 2,980 Forumite
    pvt wrote: »
    I've got an idea. Sell the car to a friend and then buy it back the next day. Then you can stop paying the finance company because, apparently, they can't repossess your car anymore.

    fp_zps13432003.jpg
    "Dream World" by The B Sharps....describes a lot of the posts in the Loans and Mortgage sections !!!
  • monty-doggy
    monty-doggy Posts: 2,134 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    The type of loan I have isn't secured on the car. It's a personal loan in the same way you would get from a bank but set up by ford. Credit.
  • Gaz83
    Gaz83 Posts: 4,047 Forumite
    1,000 Posts Combo Breaker
    Foxy-Stoat wrote: »
    fp_zps13432003.jpg
    I *think* it's sarcasm.

    I hope so, anyway!
    "Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."
  • Gaz83
    Gaz83 Posts: 4,047 Forumite
    1,000 Posts Combo Breaker
    monty-doggy wrote: »
    The type of loan I have isn't secured on the car. It's a personal loan in the same way you would get from a bank but set up by ford. Credit.
    So which is it then? Finance or a personal loan? Do Ford even do personal loans?
    "Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."
  • monty-doggy
    monty-doggy Posts: 2,134 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    I think it's classes as a loan. All I know is I called them last week to discuss my options for selling the car and they said I could hand the car back and pay 50% of the total purchase price (I've already paid 33% so top up to 50%) or sell the car private and pay within 7 days or re finance over a longer period of time to bring payments down. I'm selling it privately.
  • poppasmurf_bewdley
    poppasmurf_bewdley Posts: 5,946 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    monty-doggy wrote: »
    I think it's classes as a loan. All I know is I called them last week to discuss my options for selling the car and they said I could hand the car back and pay 50% of the total purchase price (I've already paid 33% so top up to 50%) or sell the car private and pay within 7 days or re finance over a longer period of time to bring payments down. I'm selling it privately.

    Sounds like it's a Hire Purchase agreement you have. Not a personal loan.
    "There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock
  • Foxy-Stoat_3
    Foxy-Stoat_3 Posts: 2,980 Forumite
    poppasmurf_bewdley wrote: »
    Sounds like it's a Hire Purchase agreement you have. Not a personal loan.

    I hope your buyer treads carefully!
    "Dream World" by The B Sharps....describes a lot of the posts in the Loans and Mortgage sections !!!
  • Gaz83
    Gaz83 Posts: 4,047 Forumite
    1,000 Posts Combo Breaker
    monty-doggy wrote: »
    I think it's classes as a loan. All I know is I called them last week to discuss my options for selling the car and they said I could hand the car back and pay 50% of the total purchase price (I've already paid 33% so top up to 50%) or sell the car private and pay within 7 days or re finance over a longer period of time to bring payments down. I'm selling it privately.
    Hire purchase then. Not a personal loan.
    "Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.2K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.2K Work, Benefits & Business
  • 603.8K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture