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Should I pay off PCP on bike?

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Wishywashy74
Wishywashy74 Posts: 82 Forumite
Second Anniversary 10 Posts Name Dropper
edited 14 April at 2:11PM in Motoring
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?

Comments

  • Goudy
    Goudy Posts: 2,173 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    Yes and yes.
    Clear the finance and it will be easier to sell.
  • photome
    photome Posts: 16,670 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Bake Off Boss!
    I wouldn’t buy privately if the seller told me there was outstanding finance
  • Wishywashy74
    Wishywashy74 Posts: 82 Forumite
    Second Anniversary 10 Posts Name Dropper
    photome said:
    I wouldn’t buy privately if the seller told me there was outstanding finance
    Thanks for that, going to clear it tomorrow and go from there…
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