Can I Sell a Car on HP???????

TBeckett100

Tigger, why is your council tax at £80pm, cant be £160 surely?

Tigger82_2

I live in Scotland, so council tax includes water costs, so yup its £160.

This may be a stupid question, but what exactly is a key cleaning job?

Thanks!

TBeckett100

looking at your outgoings, I cant see where you can cut back, an extra job or a better paid one is your only option. dont ruin your credit because when you buy a house one day or meet someone, you dont not want to be in the right position

TBeckett100

its where you clean a small office and you hold the key. larger offices have teams of cleaners so you have to be there for a certain period (and watched) wheras having the keys makes a major difference. offices arent bad, bins, hoovering a bit of dusting.

Tigger82_2

Thanks TBeckett, you've been soooo helpful!!

I'm just going to have a look and see if this is something I can do
xx

TBeckett100

get the local job papers the morning they come out, these sort of jobs go quickly

globalds

When you say HP do you mean a standard Hire purchase agreement .Or a loan
If it is a loan your paying off then just sell the car and clear the loan off .
If it is HP then you will have to organise a loan ..Short term ..Pay off the HP ..Then sell the car and repay the loan ..

TBeckett100

i think the OP will find getting a loan difficult given the income. however a good exit strategy

Tigger82_2

Haha! I tried that today, but an unable to get a loan. That was my first thought!

tupperware

As others have said, the finance company will not remove the interest on HPI until the finance is cleared.

If you're struggling to make repayments this leaves you with a couple of options

Voluntary Termination - Under the terms of the agreement you are able to return the vehicle once you have repaid half the finance with no strings attached. The exact figure will be on your agreement. Keep in mind if the car requires any repairs/uplift you will be liable for these. If you have not yet paid to the half way point of the agreement you will be liable for the difference. You will get this in writing before you continue with this option however.

Modification - Some companies may offer you the opportunity to refinance your outstanding balance over a longer period and as such make reduced payments. Note you will have to pay more in interest for this option and you may have to go through a financial statement to ensure affordability.