buying a car with outstanding finance??

[R32UK]

Dont touch it.

It belongs to the finance company till its paid off.

If you buy it. They will come and take it. You will be left with no car, no money and no leg to stand on.

There are plenty of other cars out there.

this is true... although how do they find the car?

Much in the same way they find you for a parking fine.  

Why has the finance company not found the car then 

Where does it say that they are looking for it?

Where does it say that they are not?

Its a simple questionn. If you do not know, then say "i do not know".

[The Mighty Elvi]

Dont touch it.

It belongs to the finance company till its paid off.

If you buy it. They will come and take it. You will be left with no car, no money and no leg to stand on.

There are plenty of other cars out there.

this is true... although how do they find the car?

Much in the same way they find you for a parking fine.  

Why has the finance company not found the car then 

Where does it say that they are looking for it?

Where does it say that they are not?

Its a simple questionn. If you do not know, then say "i do not know".

Well, you are making an assumption based on nothing.  I am stating a fact. 

The OP does not state in his post that the finance company are looking for the car.

And seeing as that's all you and I have to go on, then I think I'm correct.

[cubz]

current owner of car has taking no finance out but previous owner did and still has a marker against car however hpi check company says that it may be paid off but they dont know for sure and will try find out for me and get it cleared...


current owner says he bought it from garage but i havent spoke to him about the marker on car as he might not know adn is working..

[R32UK]

back up here... I asked how do they find the car?

You answered that with "how do you know they are looking for the car?"  

Like I said.. if you do not know. then hush. Its a pretty fair assumption that if they own the car then they would want it back and employ some means to find it.

Do you know for a 'fact' they are not looking for the car?  

[barrym381]

current owner of car has taking no finance out but previous owner did and still has a marker against car however hpi check company says that it may be paid off but they dont know for sure and will try find out for me and get it cleared...


current owner says he bought it from garage but i havent spoke to him about the marker on car as he might not know adn is working..

would still walk away its not worth the risk   

[The Mighty Elvi]

back up here... I asked how do they find the car?

You answered that with "how do you know they are looking for the car?"  

Like I said.. if you do not know. then hush. Its a pretty fair assumption that if they own the car then they would want it back and employ some means to find it.

Do you know for a 'fact' they are not looking for the car?  

No I didn't.  Mani you need to go back and read the posts.

Dont touch it.

It belongs to the finance company till its paid off.

If you buy it. They will come and take it. You will be left with no car, no money and no leg to stand on.

There are plenty of other cars out there.

this is true... although how do they find the car?

To which I replied......

Much in the same way they find you for a parking fine.  

You then said.....

Why has the finance company not found the car then 

Which is an assumption by you that they are looking for it.


I say again, the OP has not stated that they are looking for it.

[clipperjay]

LOOL
Well if they arent looking for it, they are now LOOL! 
Wouldn't touch it with a 20ft barge pole!
There could be back interest upon it very grey if you arent dealing with the finance company direct!
Plus its possible due to so many change of hands the finance company could never track it down?
 

[R32UK]

Much in the same way they find you for a parking fine.  

OK lets make this a little simpler... assuming they are looking for the car. How do they find it? Lets imagine I have never heard of 'parking' and 'fine'. How do they physically locate the car?

Thats all I am wanting to know.

[Kerrse]

DVLA?

Actually possibly probably maybe what happens:
Finance company rings DVLA:
"hi we are the finance company ****, we own car with registration *****, here are the documents to prove it. Where is it?"

I thought DVLA also although the registration would be in the current owners name so they may not release the information to a finance company unless there was a court order, not sure

[clipperjay]

Much in the same way they find you for a parking fine.  

OK lets make this a little simpler... assuming they are looking for the car. How do they find it? Lets imagine I have never heard of 'parking' and 'fine'. How do they physically locate the car?

Thats all I am wanting to know.

I see your logic there, but if the finance company keeps getting an old registered owners details it would be hard to find the car. But if the interest or finance gets to a certain level they can enforce the police to look out for it on the reg data bases.
Now all it would take is the new owner to keep at the registered address then the finance company would be informed and they could pick it up. Or the police stop you for something and the reg comes up with whatever mark it has and pull the driver. Its entirely possible the new owners of the car have been connecting in some way and not correctly informed the DVLA of its actuall address so essentially I wouldn't touch it with a barge pole