Possibly selling mine

[robbie77]

Hi all,

Due to purely financial reasons (and nothing to do with the car), i am considering selling my FL.

I suppose i just want to guage interest and opinions on price, and ways to sell her.

She is a 2005 55 plate 3 door td4 "Freestyle".
Remapped engine has given nothing but pleasure with no problems at all.
54k on the clock, fully serviced by me at 50k. ALL filters changed and fully synthetic oil used.
17" alloys. Spare tyre is an unused Syncrome. The front 2 are Syncromes with plenty of life left. The back 2 are Michellin Lattitudes (the Syncrome replacement). Cost £300 and have only done a couple of k.
Front disks and pads replaced on abot 6k ago.
The colour is Arctic frost. It sounds girly, but it is a really nice colour and isn't very common.
MOT is til 4th of October, and the tax has 6 monts on it.
Roof rails fitted.
Luggage cover - has never been fitted.
2 keys and fobs
Tow bar (detatchable type) was fitted in December. it has never towed any great weights.
Leather and suede interior, with heated front seats.

I am gutted that it has come to this, but i have to put my house and family first.

The dealers seem to think the £5100 is an acceptable offer but it owes me more than that! And i need to buy 2 cars with any extra money i get!
What sort of price is right at the moment?
On Autotrader, they are from about £7500 upto about £10k.

How do i actually go about selling a car that has finance outstanding? I have never done it before so am clueless.

Any comments and or suggestions are welcome.

Robbie

[Chaser]

Hi Robbie,

Selling a car that has finance outstanding is a bit tricky. You have to get a settlement figure from the finance company and pay it off before handing the car over.

Really it should be paid off before offering the car for sale but that's a problem in itself if you don't have the money available.

We sold a car privately some years ago and told the buyer that there was an amount left to pay. We showed him the finance paperwork and to protect himself he paid our outstanding finance payment and gave the balance of the sale price to us.
I imagine we were lucky as most people probably would be wary.

For vehicle prices I'd study a Parkers and see where yours fits in with their valuations.

Good luck matey....

[robbie77]

Hi Chaser,

The way you sold your car is the idea that i had.

I have nothing to hide with it and i have no intention of ripping anyone off, it's just finding someone who is trusting and is willing to pay the right price.

Hopefully i will have a couple of thousand to play with once it's sold.

It will be hard going from this to an older car though....

Robbie

[maffy]

Now then Robbie,
Whats up? whats going on, are things that bad? is work ok,
keep in touch and keep your chin up
cheers for now:)

[robbie77]

Hi Maffy,

I always knew that leaving the Navy was a risk, i just had no way of knowing that by the end of my 12 month notice period the country would fall apart! I have dropped nearly a grand a month in leaving

I am qualified as a class 1 driver and i also have my crane ticket, but i am driving 7.5t and class 2 for a living :(
I was told in Dec that 6 months previously i would have found work in any crane hire place, but there is no new jobs now, just redundancies.

Giving up the FL is a tough decision, but i have to look at what else i stand to lose.

Anyway, rant over ;)

Robbie

[TEMPL4R]

When you try to sell it R an HPI check is done, that shows any finance owing on the car and any accident repairs.

You won't get offered what the finance is owed, you will get offered what the market value is, less a final agreed payment to the finance company. It might be negative or positive equity, it might just break even.

You might be better off asking the finance company how much for a settlement payment and then sell it privately and pay it off.

If you PM me the reg and details, I'll see if the salesmen can do an HPI for you and get a book price.

Chris

[robbie77]

Thanks Chris,

I already have the settlement figure, but i will still pm you the reg to see what figure your guys get.

Robbie

[maffy]

Hi Robbie,
How are you today, noticed you were up early this morning---couldn't sleep or early shift?
Is there any chance you could re-join the navy? or does it not work like that
cheers for now:(

[robbie77]

Hi Maffy,

I get to work for about 0645 these days.

There is a slim chance i could re-join the Navy, but at the moment it's too soon for me to even consider.
I think i need to give civvy st a bit more of a chance 1st.

It looks one of the agencies may be offering me full time class 1 work for a few months, so crazy as it sounds, i may be giving up my permenant job to go for it!

How are things your end?

Robbie

[dazzerboy]

hi robbie is this automatic or manual and would you consider another freelander as part of a deal

[robbie77]

Hi Darren,

My car is manual.

I would love another FL, but it would depend on what it is and what it's worth. What are the details of yours? PM me if you like

I need enough money in the deal to settle the finance on mine.

Robbie

[Tomo1971]

I know that you are looking to get more than what a dealers has offered you but as a last resort as Im guessing its important to get out of the finance you can generally do voluntary termination of the HP.

This is generally possible half way through a HP deal and you just hand back the car to the HP keys under your rights under the consumer credit act. You will owe no more and be debt free, if the car is worth less than the finance then its the HP companies loss not yours.

Google Voluntary Termination.

Steve

[robbie77]

Hi Steve,

Thanks for that, it's something that the finance company asked me to think about when i requested the settlement figure.

I told them to poke it though, as the car is worth quite a bit more than the settlement figure. I put my old car in a 3k deposit so i had quite a bit of equity to begin with.