selling car on pcp.

Honest John Back Room » Motoring discussion
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Thu 12 Aug 2004 16:41
selling car on pcp. - VTiredeyes
I have a car on pcp. dont want it any longer, but how do i tell the prospective buyer that i will use the funds from car to pay off pcp (finance i guess). can i write out a letter which is signed by myself, would this be enough for the person buying my car. i cant raise the funds to pay off the finance first.
i will get an extra 3-4 grand by selling it private, rather than the poultry?? (chicken?) amount the dealer is offering.
but the car is £4K cheaper than off the forecourt.
can i get a solictor to write out a letter for prospective buyer? or get him to get his solictor to do one?
cheers me dears.
and yes thank the lord for the mods. they put me on the straight and narrow ages ago. and i aprci8 it ;-)
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Thu 12 Aug 2004 20:45
selling car on pcp. - Buster Cambelt
Try this. Get a settlement figure. Tell the prospective buyer that there is PCP finance outstanding. When you agree a price on the car ask the buyer to send the finance company the settlement and to pay you the balance. When both cheques clear (s)he can have the car.

Probably not letter of the law but it is a simple answer.
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Thu 12 Aug 2004 23:04
selling car on pcp. - VTiredeyes
Excellent idea. Thanks for that :-)
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