Selling privately

[kidyamlo]

Hi, would appreciate some advice. I have a car to sell that is, realistically, worth more than (or at the very *least* the same as) the amount required to settle the finance agreement. A little bit of extra cash in the pocket would be nice, but I am also happy to call it evens and leave it with a dealer. Problem is that most dealers are offering between 700 (at best) to 1000 less than the settlement, and I'll be damned if I'm paying a dealer for the convenience. So I think selling privately is the best option... but at the same time, an HPI will obviously reveal finance. What is the correct etiquette / procedure for selling a car privately whilst on finance - do I have to settle the finance up-front (this might be an option for me, with a little wiggling here and there) and *then* sell or is it a "done thing" to offer a car for sale with finance as long as I am up-front about it... and if so, does the buyer pay the finance company directly? I have never bought or sold a car outside of the standard dealer routine and would appreciate some honest, genuine advice-for-dummies.

[Ian_C]

Buyer pay the Finance company directly is probably the best option - although clearing it yourself up-front would be ideal too

[kidyamlo]

Thanks. So fine to list as such, i.e. "Buyer to pay finance company, please allow extra time..." etc. Is it a usual listing - haven't seen anything similar myself.

[Ian_C]

I wouldn't include that on the written ad itself. But if you have a viewing lined up and they ask for the plate to hpi the car I'd certainly pre-warn them it will show as financed.