2006+ Honda Civic Forum banner

1 - 2 of 2 Posts

·
Train Driver Stu
Joined
·
323 Posts
Discussion Starter #1
Not quite Civic related, but i hope someone can help me. My father in law recently terminated his finance agreement on a Citroen c4 Picasso under halves rules, as he still owed almost 8K on his 57 reg car. It was collected by a local auction house and that was that. Out of curiosity he went along to the auction and found his car sold for only £5030. His question was could he have bought it back, and thus saved himself almost 3K over the finance agreement. Or is that not allowed. Hope someone can help as it could be an option for me!
 

·
Registered
Joined
·
77 Posts
I can't see any reason why not. After the agreement is terminated the car belongs to the finance company. If they choose to sell it at auction then anyone can buy, including the previous user of the car.

If you tried it then you'd be gambling that the same would happen with your car - i.e. taken to a public auction that you could attend and likely to make a lower price than the amount you'd owe otherwise.
 
1 - 2 of 2 Posts
Top