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Author HPI car check info...and also selling car advise
CORSA NUT
Member
Registered: 3rd Aug 01
Location: Wirral
User status: Offline
28th Jan 07 at 00:47   View User's Profile U2U Member Reply With Quote
If you still owe finance on a car your selling you can sell it as long as the finance will be paid off when the sale is made right??? I did this a few yaesr back with my astra no probs so i think that's right.

Now if somone did a HPI etc on a car and it said 'outstanding finance' do they actually get to find out the amount that is still owed on the car or just that it has finance owed???
Colin
Member
Registered: 4th Apr 02
User status: Offline
28th Jan 07 at 00:53   View User's Profile U2U Member Reply With Quote
I think it just says there is outstanding finance owed on this car...not how much!!
Colin
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Registered: 4th Apr 02
User status: Offline
28th Jan 07 at 00:55   View User's Profile U2U Member Reply With Quote
If selling private you can reasure people by showing you are settling the finance by posting a cheque to the finance company (settlement fee) infront of the buyers nose, then they pay you & all is fine!!
shane_o
Member
Registered: 15th Sep 05
Location: Yeovil, Somerset
User status: Offline
28th Jan 07 at 00:55   View User's Profile U2U Member Reply With Quote
no m8 it says that the car has outstanding finance, altho its pritty much illegal to sell a car thats on finance because the cars not legally yours to sell till you have paid for it, i think
M2RTY
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Registered: 25th May 01
User status: Offline
28th Jan 07 at 10:06   View User's Profile U2U Member Reply With Quote
when i bought my bmw the old owjner had a letter from the month before saying that the balance of £2342 had been paid in full and there was no finance left (from the bmw finance group)
CORSA NUT
Member
Registered: 3rd Aug 01
Location: Wirral
User status: Offline
28th Jan 07 at 12:50   View User's Profile U2U Member Reply With Quote
Yeah i suppose it's just wether the buyer is comfortable with it i suppose Of course the finance would be settled but the money for the car is needed to pay the finance off.

Thanks guys
MarkM
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Registered: 11th Apr 01
Location: Liverpool
User status: Offline
28th Jan 07 at 18:44   View User's Profile U2U Member Reply With Quote
Mate of mine bought a Focus a while back...it had outstanding finance of 7k...which was the value of the car...

Basically when he was at the Sellers they called the finance company and he paid the 7k over the phone on behalf of the seller..THEN drove the car away...

That way he knew it was paid etc...

[Edited on 28-01-2007 by MarkM]

 
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