Ford Fiesta ST
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#124097 - 18/03/08 07:11 PM Finance settlement question...
willST06 Offline
Fiesta Fan

Registered: 28/08/06
Posts: 148
Loc: Portsmouth
Guys

I have found a buyer for my beloved ST, up in the Isle of Man; Glen Coopers want to buy it.

There is finance outstanding but the guy at Glen Coopers is saying that he will pay off the settlement figure and then pay me the difference.

Is this normal practice for a car dealer to pay off the balance or should the onus be on the keeper/name of ccount holder to do this, just thinking of all the options.

Obviously at the end of the day if the balance hasn't been paid off then i dont hand the car over! but would just like your thoughts on it too...

BTW....slightly gutted that its going to be honest, the best car ever and i will deffo miss the sexy beast.

But sometimes you gotta make sacrifices.

Cheers

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#124098 - 18/03/08 07:24 PM Re: Finance settlement question... [Re: willST06]
rudest1970 Offline


Registered: 07/10/07
Posts: 2613
Loc: Essex
Sorry your getting rid of yor car sometimes these things need to be done!Glen cooper should tell you the settlement figure,pay the finance off and give you the balance.
But i would also check with your finance company wot that figure is just in case(you never know)???.
_________________________
GONE BUT NOT FORGOTTEN!

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#124099 - 18/03/08 08:09 PM Re: Finance settlement question... [Re: rudest1970]
JJST Offline


Registered: 20/04/07
Posts: 4206
I don't think it would be classed as abnormal, but it's up to you really.

From their point of view they don't want to give you the full amount and be unsure whether you will go through with your side of the deal and pay off the finance.
I can understand your concern that they only give you the difference and don't pay off your outstanding balance.

I would just check with the finance company that Glen Coopers have paid off the outstanding sum before you give them the car, and then accept the difference they owe you
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#124100 - 18/03/08 08:26 PM Re: Finance settlement question... [Re: JJST]
willST06 Offline
Fiesta Fan

Registered: 28/08/06
Posts: 148
Loc: Portsmouth
yer i agree...who knows i may come back to Ford in the near future, you never know whats around the corner!

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#124101 - 18/03/08 08:36 PM Re: Finance settlement question... [Re: willST06]
JJST Offline


Registered: 20/04/07
Posts: 4206
Quote:

yer i agree...who knows i may come back to Ford in the near future, you never know whats around the corner!



Indeed
It is a shame you're getting rid, but like you say you may come back, just wait for the new one, you may love it even more!

Best of luck with the sale
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