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Corsa Sport » Message Board » General Chat » Buying a car with finance outstanding? » Post Reply
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M2RTY |
posted on 13th Sep 05 at 12:09 |
It's technically not illegal to sell the vehicle whilst finance is still owing (provided the finance company agrees),but if the seller defaults on the payments the finance company will repossess the car. | |
ed |
posted on 13th Sep 05 at 11:50 |
Yea sure it is, but what happens when the seller goes and pisses off to Australia with your money... | |
Ludacris Turbo |
posted on 13th Sep 05 at 11:46 |
Thats legally binding | |
Avey |
posted on 13th Sep 05 at 11:46 |
Think I'll give it a miss then | |
ed |
posted on 13th Sep 05 at 11:45 |
quote:Where are you from? Tellytubby land? | |
ed |
posted on 13th Sep 05 at 11:44 |
quote:No. If you want to risk it then you can, but you could get fucked over. Don't trust anyone these days. Everyone is just out to get your money, especially when it comes to used cars. | |
Ludacris Turbo |
posted on 13th Sep 05 at 11:42 |
quote: You need to get a reciept from the seller saying they are going to pay the rest of the finace off, and get them to sign it. | |
Avey |
posted on 13th Sep 05 at 11:42 |
Is written confirmation from the current owner not sufficient :boggle: | |
ed |
posted on 13th Sep 05 at 11:37 |
You get a check done by the AA. They will then get written confirmation from the finance company that the finance in either paid off or still outstanding. If it is still outstanding and you are the owner of the vehicle then you are liable to pay the finance secured on the car. Thats why it's important to check it all out before. | |
Avey |
posted on 13th Sep 05 at 11:30 |
Whats the crack? |