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Thread: Possibility of selling the Astra

  
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    GazNofx's Avatar
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    Possibility of selling the Astra

    Hi guys,

    Well I start Uni in Sept and i'm a bit worried about running my car while I am there. I'm still paying the finance off on it so i'm a little worried that I might not be able to keep up the re-payments, seeing as i'll be a poor student and all . I've also got Tax, MOT and a service in November to pay for and the car isn't exactly cheap on petrol . Also the insurance costs a bomb too.

    Therefore I have three options.

    The first is to keep the Astra, with high petrol costs and the loan to repay back while i'm at Uni. If I got a part-time job (which i'm planning on doing), I suppose I could afford it.

    The second is to sell the Astra, repay back the loan and not have to worry about. My Mum says I can get insured on her car (Ford Puma, nice little runner) and use that for travelling. That means no money on insurance, low running costs on petrol and my Mum will pay for MOTs etc. But I don't really want to sell the car, i've spent a lot of money and time on it, i'll never get the money back I know, but i'd hate to see it go.

    Therefore the last option is too use my Mum's car (save on insurance MOT etc), and declare my car off the road. The only thing i'd be repaying then is the loan, which is affordable as long as I get a job. The plan then would be to work full-time next summer, and save up some money to run it. But then I think this would be a little pointless. I could save alot of money by selling it, and still have a car to run. But of course, i'd still have my car if I chose this option.

    So what do you think guys? Which option would you go for?

    Thanks in advance.



  2. #2
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    Craig's Avatar
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    sell it and use your mums mate
    Ibiza FR CR TDI with 203 BHP

  3. #3
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    Am I right in saying if your still paying the finance, you cannot sell the car as it does not belong to you anyway, until the final payment has been made?

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    Sell the car, use your mums (the pumas are quite nice, they stick to the road like nothing else i've seen! )
    If you going to uni, your gonna spend all your spare cash on food and booze,
    when u finish, get another car! Simple
    Astra Mk4 2.0 16v SRi

  5. #5
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    Al, the loan is with my bank so the car is mine.



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    Sell it mate - there will always be something else that you will need the money for - there will always be loads of Astras to buy again when you need one. Trouble is - selling it might not be as easy as you think.

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    Quote Originally Posted by GazNofx
    Al, the loan is with my bank so the car is mine.
    Fair enough mate. Thought it was through VX

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    Quote Originally Posted by Al
    Fair enough mate. Thought it was through VX
    No worries mate



  9. #9
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    even if a car is on finance you can still sel it

    what happens is that the cheque for it is made out to the finance company and once it is cleard they give you a letter to confirm it has no out standing finance
    Ibiza FR CR TDI with 203 BHP

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