Posts Tagged ‘sell’
Hidden sources of cash to reduce debts
One of the first steps of managing personal debts is to examine any assets which could be liquidated to raise cash with which to clear creditors. Make a list and include:
- Property investments
- Stocks & Shares
- Antiquities & collectables
- Savings accounts
- Premium Bonds
- Leisure equipments – cameras, bikes, snowboards etc.
- Cars, motorbikes, boats
Car owners can unknowingly have large amounts of equity locked up in their vehicle, even if was bought with finance or hire purchase. A final balance to you will be calculated as the car value, less anything owing on the loan. If you have only a few monthly payments left then most of the cars valuation could be returned to you. The car you drive is leased then this guide will not apply in your case. The settlement figure for your loan can be obtained by contacting the lender. The finance company would rarther you sell the yourself than them have to repossess it, even if you have arrears on the loan.
Selling a car for cash, particularly if it needs to be done quickly, often means taking less than the car is really worth. New car salesmen will take your used car but only if they can get it really cheap in exchange for new one. The readership of local newspapers is now so small than few people have any hope of finding a private cash buyer for their car.
There are now a number of online services which will buy your quality used car for cash offeroing a quick decsion over the phone. Used cars under a hundred thousand miles and younger than 7 years will be considered. Get a speedy value for your old car by completing all the questions in the web form and simply wait for a call back with the price. Accept the offer and you will be called to set a date and time for a final in spection and cash hand-over. If you decide to sell you car you can call back and arrange for a viewing after which you will be paid the agree amount.