If you’ve bought a static caravan on finance and need to sell before paying off the final balance, UK Caravans Direct is here to help. Whilst not the ideal situation, selling your static caravan with outstanding finance is possible. In this blog, we will answer the frequently asked questions many owners have when selling a financed static caravan with outstanding payments to be made.
Can I sell my static caravan if I haven’t finished paying it off?
Yes, you can sell your static caravan before you finish paying it off, as long as you arrange to settle any remaining payments with the company you are financing it with. You will need to contact them to obtain a settlement figure, which once paid will release you from your financial agreement. This will also give you a goal on how much you need to sell your static caravan for.
Will I get any money from the sale?
There are three possible outcomes when it comes to selling your static caravan in order to settle your finance agreement:
- If the value of your static caravan is higher than your outstanding balance, your agreement will be settled in full and any funds left over will be yours to play with.
- If the value of your static caravan is the same as your outstanding balance, your agreement will be settled in full.
- If the value of your static caravan is less than your outstanding balance, you will be required to pay the remaining sum to settle your agreement.
What can I do to increase the value of my static caravan?
It is no secret that static caravans depreciate in value from the moment they are sold. In a previous blog, we discussed how static caravans lose their value and how to increase their sale price when it comes time to sell. If you’ve managed to keep yours in good condition and stay on top of your static caravan finance payments, you should be able to aim for either option 1 or 2 listed above.
How do I sell my static caravan?
This is where UK Caravans Direct comes in. Over the past two decades, we have helped thousands of owners sell their static caravans quickly, conveniently and hassle-free.
We don’t believe in hidden agendas, once a price has been agreed that is the amount you will receive. Allowing you to work out whether you will have to put any extra money towards settling your static caravan finance agreement or if you’ll have any money left over to go towards something else.
Get your FREE valuation by filling out our online form and get one step closer to selling your static caravan with outstanding finance today!