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I need to sell my Hire Purchase car, any advice? Please help
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Surely the car should be worth more than £6000? You bought it for £12000 just 2.5 years ago - even Citroens don't depreciate that quickly?
Unfortunately they do, poppy. Also, if you sell a car privately, you do not, usually, get as much as a dealer would get, but then again you do not normally have to provide warranties/service etc.
That said, a dealer is in business to earn money, and will purchase a car for as LITTLE as possible, in order to sell it for as MUCH as possible.I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.
HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7
DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS0 -
Baron_Greenback wrote: »quite a few of the large used car dealerships with take it off your hands and settle the hp directly, although you won't get as much from a dealer as you would in a private sale.
I sold my car with HP loan outstanding back to the dealer I bought it from and they sorted out the HP loan. Didn't get as bad a price as I thought I would, either.LBM: Nov 2004 Debt Apr06: £19,273.46 (Highest)
Debt 2006: Jul:£18,552.06|Aug:£17,615.14|Sep:£16,297.98|Oct:£15,961|Nov:£15,760.66|Dec:£13,204.37
Debt 2007: Jan:£13,183.71|Feb:£13,851.03|Mar:£13,349.15|April:£12,997.33 | May: £12,300.00 | June: £12,000 | July: £9,894.44 |Aug:£0
Debt Free Date: 31 August 2007
The £2 Coin Savers Club = £72
Reclaiming my bank charges - £105 reclaimed
My Diary: http://forums.moneysavingexpert.com/showthread.html?t=2305610
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