I'm pretty much decided that we're going to sell the Freelander 2. My wife has just got a company car and we have been given a brand new car by her dad who has decided to give up driving. So we've got 3 cars on the drive and only one of them is costing us money.

The Freelander has outstanding finance, how do I go about selling this. Would a dealer take it with finance and settle it if I wasn't to part ex. The outstanding finance is less than the value of the car so I'm assuming there would be some cash back to us as well. Is it likely a dealer would buy a car without a trade in? The other option is to get a loan for the remaining finance and settle the that and then sell privately, but to be honest I just want a quick sale and with the loan option I'll be left with a loan that I'll be charged for settling early?

Any advice?

Contact James at Lookers Park Royal, he advice accordingly

I'm sure a dealer would take buy a car with finance, if it was a model that they could sell on, you obviously would get a better deal selling private though. But a HPI check showing the car has finance might put somebody off. Former Mod/Member, with the most post & Chicken George Arch nemesis

npinks wrote:

Contact James at Lookers Park Royal, he advice accordingly

I'm sure a dealer would take buy a car with finance, if it was a model that they could sell on, you obviously would get a better deal selling private though. But a HPI check showing the car has finance might put somebody off.

Yeah the HPI thing was my reasoning for getting a loan to pay off the remaining finance as I wouldn't buy a car showing as Finance outstanding on a HPI check.

I've called the site sponsor and left a message for James to call me back. Hopefully he can give me some advice.

Thanks.

A dealer near me sent a txt asking for cars for stock and they would settle any finance

richardk wrote:

A dealer near me sent a txt asking for cars for stock and they would settle any finance

i have had a few of them in the past, normally they want YOU to buy a new car, so by making you think they want your car for somebody who is look for exact model you will spend 10K+ changing cars to a newer model Former Mod/Member, with the most post & Chicken George Arch nemesis

I've done this while I was moving out of Germany in the past. I sold my car to dealer with financing on it. I got some cash out of the deal as well, but I lost unreasonably much money compared to closing the open balance and selling it privately.

If you have the time, find a way to close the balance and sell it privately. My problem was I was no longer living there so I was not able to sell it myself.  2010 Freelander 2 Select TD4 auto....gone
2011 Freelander 2 TD4 auto ...current

just ring the finance firm for a settlement figure, Either you or whoever is buying the car can pay it off. At work
At home

"I can't always believe facts I read on the web" - Charles Dickens

winner by default of the tractor vs caravan race

DUH...sell the old boys car and pay the money off the FL2??

chicken george wrote:

just ring the finance firm for a settlement figure, Either you or whoever is buying the car can pay it off.

If You sell it privately, tell the purchaser to pay X ammont to the finance company over the phone Via debit card or bank transfer and the remaining balance of the selling price to you. Don't release the car until both transactions have been confirmed, This is standard practice.

Rowy wrote:

DUH...sell the old boys car and pay the money off the FL2??

Sell both and get a new 2010 FL2 ?  2010 Freelander 2 Select TD4 auto....gone
2011 Freelander 2 TD4 auto ...current

You should be able to get reasonable price from LR dealer as most are short of good S/Hand stock. From experience quite a lot of FL2s advertised on official LR website are "ghosts" they do not exist when you phone to enquire. "Sorry Mr------- but we sold that one yesterday, however we have ---- at £xx" which is usually a much less attractive vehicle or price.

Closed a sale with Farnell, paid £1000 only to get phone call 2 days later to say "sorry about thid but car is manual instead of auto, will that make a difference"
Then all sorts of other deals offered but all poor. The quote for a new GSauto had £399 added for GAP ins and £299 for special polish treatment. All FL2's (3) Gone
2011 Mercedes C180 CGI Gone
FL2 GS Auto SD with heated leather, factory tints, alloy spare and a few other bits.

Depending on how long you have had it but if you have paid 50% of the total amount payable if you have motor finance then you should be able to throw it back to the finance company & simply walk away & pay nothing. (Past) Freelander 2 HSE 2010 MY In Rimini Red.
(Past) RR Evoque Dynamic Lux Si4 In Firenze Red.
(Past) RR Evouque Pure Tech in Barollo Black with bespoke Firenze Red colour coding.
(Present) Freelander Metropolis 2015 MY In Santorini Black with Ivory Premium Leather.

Read the post EV He's Got positive equity in the vehicle.

Plus if you invoke the clause you refer to in consumer credit/ finance agreements (I thought it was 60%) it can still affect your credit record.