Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
My husband has a sports car on a HP agreement which will be up in December (where we have the option to purchase or hand back)
Now we know the option to purchase price is £10k and the car is currently valued at £17k, we don't want to keep the car but don't want to just hand it back either when it is worth 7k more than what is owed on it!, we don't have £10k floating around to be able to pay off the option to purchase fee so is there any way round this to be able to sell it privately and pay off the balance?
No. it is not yours to sell yet. Is it on HP or lease/purchase?
you could take out a loan to purchase it?
dont forget all payments you have made to date, so you will probably loose out overall!
My husband has a sports car on a HP agreement which will be up in December (where we have the option to purchase or hand back)
Now we know the option to purchase price is £10k and the car is currently valued at £17k, we don't want to keep the car but don't want to just hand it back either when it is worth 7k more than what is owed on it!, we don't have £10k floating around to be able to pay off the option to purchase fee so is there any way round this to be able to sell it privately and pay off the balance?
It will probably be listed on the HPI register too.
selling car on HP agreement
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Originally Posted by lexii
