Buying Process

[amishra]

Hi Guys,

I am planning to buy a used car from a private person who live near by.
He has got finance on his car. Can anyone explain me the neccesssary steps in buying process so that i wld be in legal position to hold the car if he doesn't settles his car finnace even after me paying him money.

Thanks
Amit

 

[MICRASKYLINE]

I would 100% make sure the finance is settled and get proof, even so far as to check with the finance company, also HPI it

very dangerous to buy car and have finance outstanding on it, worse case - finance company would/will take the car away if debt not paid off - you then wont have a legal leg to stand on - could take the seller to court that would cost you more money!!

so buy with CAUTION!!!!!!

 

[Davey C]

agreed, dont buy it with an outstanding finance balance