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
Should I pay off PCP on bike?
Wishywashy74
Posts: 87 Forumite
Hi, so I have a 2024 motorbike I want to get rid off, I've taken it over 3 years PCP. I've recently advertised it and being very upfront about its still owed money to clear it off, I've stated on the advert I will clear the finance and ensure its clear if someone is serious about buying it and ensuring its clear before they go with the bike once they have bought it.
However I'm getting no interest in the sale other than constant queries regarding the finance. Should I just clear the finance and then re-advertise it, only thing is I'm going to have to fork out £12k to pay it off,, its worth a bit more than that so if I do sell I will reclaim it but its just the matter of the money leaving my savings account and having to wait to find a buyer.
Do you think it will make it easier to sell if there's no outstanding finance?
However I'm getting no interest in the sale other than constant queries regarding the finance. Should I just clear the finance and then re-advertise it, only thing is I'm going to have to fork out £12k to pay it off,, its worth a bit more than that so if I do sell I will reclaim it but its just the matter of the money leaving my savings account and having to wait to find a buyer.
Do you think it will make it easier to sell if there's no outstanding finance?
0
Comments
-
Yes and yes.
Clear the finance and it will be easier to sell.2 -
I wouldn’t buy privately if the seller told me there was outstanding finance1
-
Thanks for that, going to clear it tomorrow and go from there…photome said:I wouldn’t buy privately if the seller told me there was outstanding finance0
Confirm your email address to Create Threads and Reply
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