Any advice on the best way to 'get out' of monthy payments without losing too much money on an ftype?
Thanks

Is it better to pay it off completely and be legal owner then sell privately or part exchange (i have a daily runer so would probably not choose this) or another option? Early settlement I believe you lose money.

I have had it a year and enjoyed it thoroughly but I would like to buy a property so it will have to be sold

 

My loan did not have any penalties for early payment. I made sure of that before I signed since I intended to pay it off early. For the other questions, I don't know.

 

I’m assuming you’re leasing? Call them for a lease buy out quote, add tax and applicable fees if they haven’t, and see how much you can sell it for.

If you financed, it’s thee same, call for a pay off quote.

 

Thans for the replies. i financed and have a early payoff quote. So your advice would be to pay it all off then sell privately? and accept some loss

 

I’d say the other way around, sell first, then pay off, this way you don’t get cash strapped in a car you can’t sell immediately.

You can find a local dealer to consign the car, list it yourself on sites supporting private sell, just be upfront you have a lien on the title.

It all comes down to how much you are willing to lose and how much time/effort you’re willing to put into a private sale.