Loan

[blinkyblimey]

if I had a caravan on higher purchase can I sell it and pay the loan off?

[sherrardk]

No, it's not yours to sell. It belongs to the HP company.

[blinkyblimey]

but can I get the money one day and pay the loan next day without then knowing?

[sherrardk]

Well you could if the person buying it doesn't do a HP check - doesn't make it legal or moral though.

[Quoi]

Why dont you tell them there is finance outstanding on it and let them pay the loan direct and give you the balance.
Make sure they pay before you release the caravan or the loan will still be yours.
I did that with a car once - worked fine and all above board and legal

[blinkyblimey]

sounds good quoi thanks to sherrardk as well.

[andres]

What if there is an ''early redemption payment''.? Don't forget to find out about this.