Non essential assets which can be sold quickly are a easy way of reducing total liability in any debt management plan. Make a list and include:

• Property investments
• Stocks & Shares
• Antiquities & collectables
• Savings accounts
• Premium Bonds
• Leisure equipments – cameras, bikes, snowboards etc.
• Cars, motorbikes, boats

Car owners can unknowingly have large amounts of equity locked up in their vehicle, even if was bought with finance or hire purchase. Basically, the difference between what is owed to the bank/finance company and the cash value of the car is the asset value. There may only be a small balance to pay to the loan company if the agreement is nearing its term. If you car was leased the chances are that non of this will apply to you. You first need to contact the finance company and ask for a settlement figure. Any payment arrears will be settled by the buyer if agreement is made to buy your car and this is preferable to repossession.

Selling a car for cash, particularly if it needs to be done quickly, often means taking less than the car is really worth. Car garages are only really interested if you are buying another car from them. Cars for sale ads in the local press have been superceded by the Internet which most people now use to look for cars.

There are now a number of online services which will buy your quality used car for cash offeroing a quick decsion over the phone. All cars for valuation should be less than seven years and not more than 100k miles. Complete the form on the website and provide all the information required and you will quickly receive a valuation by phone. The valuation is not agreement to sell and you can think it over before deciding. It is up to you to acceot or reject the offer before arranging a suitable time for collection and payment.