kevinmarkwhite said:The finance company own it, in this case BMW Finance. You need to make sure the settlement figure is paid.
I sold a Ford once which was on Ford Options (same thing) and I sold it provately. Got the buyer to pay Ford over the phone with his card to clear the credit, then pay me the difference in cash.
Just be honest with the buyer, cos the car will show as having outstanding finance, but in a way, with cars of this value I would think most buyers should understand its on finance.
I would assume you could also part ex it at a non-bmw dealer also, and they would clear the finance?
Did exactly the same when I sold my last car... I have already spoken with BMW finance and know the settlement figure. Looking at what the cars are worth as a trade in might fall short of whats owed though.. :headbang: