Bankrupt Katie Price's pink Range Rover is slashed by £10k

Bankrupt Katie Price’s pink Range Rover ‘is slashed by £10k as it struggles to sell despite a deal to try and tempt buyers’

  • The vehicle was previously listed for £60k, but has been reduced to £50K 

Katie Price’s pink Range Rover has been slashed by £10,000 as dealers struggle to sell it.

The bankrupt glamour model’s car had been put up for sale by an Essex garage for £60,000, after it was allegedly repossessed, but it has now been reduced by a hefty figure.  

It comes just days after it was reported that Katie’s divorce from Kieran Hayler is weeks away from being finalised, as it was claimed she took out a £10,000 loan to speed up the lengthy process. 

Not shifting: Katie Price’s pink Range Rover has been slashed by £10,000 as dealers struggle to sell it after the vehicle was ‘repossessed’ in November 

Katie’s pink vehicle had been on the market for more than a month, but the garage advertising it is struggling to sell.

According to The Sun, the garage also put a deal in place that would see buyers pay £5,000 upfront, and then the remaining £45,000 over 60 months.

The dealer also states that the website boasts 22 inch alloys wheels, a sliding panoramic roof and a WiFi hot spot. 

MailOnline has contacted representatives for Katie Price for comment.

Slashed: The bankrupt glamour model’s car had been put up for sale by an Essex garage for £60,000 but it has now been reduced by a hefty figure.

On sale: In November it was reported that Katie ‘s beloved pink Range Rover has been ‘repossessed’ and put up for sale at an Essex used car dealership

In November it was reported that Katie’s beloved pink Range Rover has been ‘repossessed’ and put up for sale at an Essex used car dealership. 

Staff and onlookers at Saxton 4X4 in Chelmsford were left startled after the luxury vehicle arrived on the garage forecourt after being purchased at a car auction earlier this week. The word ‘repo,’ short for repossession was marked on the windscreen.

It comes after it was reported that Katie’s divorce from Kieran Hayler is reportedly weeks away from being finalised, almost 18 months after the exes announced the end of their marriage.

According to The Sun, the star is ‘desperate’ for their union to be officially dissolved, while erstwhile stripper Kieran, 32, is alleged to have taken out a £10,000 loan to finalise their divorce.

A source said: ‘Katie is desperate to get the divorce sorted out… she has been for ages. But the whole thing was being held up because Kieran was holding out on hopefully getting some money he believed he was owed.

End of the road: It comes after it was reported that Katie’s divorce from Kieran Hayler is reportedly weeks away from being finalised

‘However with Katie’s current financial problems he knows there is no chance that will happen so he has accepted it is simply better just to move on and get on with his life.’ 

The publication reports that Kieran’s girlfriend of 18 months, Michelle Penticost, is also keen for their marriage to be dissolved, as she ‘adores’ her beau and ‘a lot of their friends expect them to go on and get engaged this year’. 

Added the source: ‘For Katie the divorce is massively important too. She has vowed to make 2020 a new start and that means letting go off the past and sorting out her problems.’

 Eager to move on: According to The Sun, bankrupt former glamour model Katie, 41, is ‘desperate’ for their union to be officially dissolved

MailOnline has contacted a representative for Katie Price for comment. 

It comes after her Kieran reportedly took out a £10,000 loan to pay for their divorce and finally end their marriage. 

The former stripper and onetime model Katie, who married in 2013 and share children Bunny, six, and five-year-old Jett, called it quits on their relationship in 2018.

And it has now been claimed that Kieran has borrowed money as ‘Katie cannot afford to pay for the divorce’ after being declared bankrupt last year. 

Family: Despite their split, Katie and Kieran are thought to be on good terms (he is pictured with their two children Bunny and Jett)

A source told The Sun: ‘The divorce has been dragging on for so long it’s actually Katie’s longest marriage – seven years last week.’ 

The source added that despite the end of their relationship, Katie and Kieran still get along and haven’t fallen out. 

Back in September 2018, the former couple’s separation ground to a halt after Kieran allegedly refused to agree to a quick online divorce.

A source told The Sun at the time, Katie didn’t have a lawyer, adding: ‘She wanted a quick online divorce, but Kieran refused because he wants to be paid what he thinks he deserves.’

Moving on: Since their split Kieran has found love with Michelle Penticost (pictured together)

Katie called time on their relationship when she caught Kieran – who has been treated for sex addiction – in bed with their nanny Nikki Brown.

She said she felt like she had ‘wasted’ five years because she should never have reconciled with him after they previously split when he had an affair with her friend Jane Pountney. 

Since their split both Katie and Kieran have moved on and found love again with her dating on/off fiancé Kris Boyson and him meeting Michelle Penticost. 

Before her marriage to Kieran, Katie was wed to Alex Reid between 2010 and 2012 and Peter Andre from 2005 to 2009. 

Ex factor: Katie also has two chidlren with her former husband Peter Andre (pictured in 2006), while her eldest son, Harvey, was conceived during her relationship with Dwight Yorke

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