buying a car with outstanding finance??

[Bandit127]

If the previous owner is paying the agreement then you may never have any trouble. You will not own the car (despite paying for it) - until the agreement is paid off (assuming it is not a lease/buy agreement).

If the previous owner has paid the agreement off it should be HPI clear. Oct 11 to now is a long time.

If the previous owner has defaulted the finance company will need a possession order. That lakes lawyers and court time - probably months and maybe a year. Then a bailiff has to be booked who will search for the car. First stop I expect will be DVLA and I fully expect they will hand over all the details for £5. Then the bailiff will turn up with a tow truck. The original buyer remains liable for any outstanding costs. Your car gets taken and you are left with nothing.

Like the others said - move on. Unless you can get written conformation from the finance company that it no longer has an interest in it - I would keep that letter locked safely away for obvious reasons.
 

[cullygti]

if the seller is saying in the ad that its got outstanding finance then they are very honest and just hoping that some mug takes the carrot would you buy a house if one of the walls had fallen down and everyone could see right in to your bedroom or would you say well its still got 3 walls left... no same as a car with finance its just not the done thing there are thousands of the same car around and just to be safe leave it well alone as others have said

[Uruk Hai]

If the car has outstanding finance on it then technically it’s not the registered keepers to sell and as such you should request that the person who has the finance gets a settlement figure from the finance company. If the price of the car is more than the amount owed on it you would if you do decide to buy the car pay the outstanding finance back to the company and the rest to the seller !

Personally I wouldn’t touch it !

[danny_p]

I love cars with outstanding finance. they are supremly optimal braker cars

use it to beat the price right down into the weeds so you pay next to fk all for it.   then strip it for bits, if the bailfs come looking for it  they are welcome to take it  as you'll have had at least 14 days to remove all the goodness from the shell,   allways put the shells awiting scrap somewhere inaccsesable for a lorry  so if they do try and fetch you can demand £600 cash to tow it out

[Gavv8]

I love cars with outstanding finance. they are supremly optimal braker cars

use it to beat the price right down into the weeds so you pay next to fk all for it.   then strip it for bits, if the bailfs come looking for it  they are welcome to take it  as you'll have had at least 14 days to remove all the goodness from the shell,   allways put the shells awiting scrap somewhere inaccsesable for a lorry  so if they do try and fetch you can demand £600 cash to tow it out

This^, finance companies are ruthless cnuts anyway so show no mercy and make some cash.

[cullygti]

and how the f**k are you going to get a car down the f**king stairs   thats the best iv heard in a while

[barrym381]

take it apart and rebuild it in your bedroom 

thats what lego is for

[Gavv8]

and how the f**k are you going to get a car down the f**king stairs   thats the best iv heard in a while

Sideways..durrrr..

[cullygti]

mam dont put the hoover over yet i got to get the car out ffs

 im going back on holidays  

[danny_p]

and how the f**k are you going to get a car down the f**king stairs   thats the best iv heard in a while

build an evo  in you house and give it to me if you want to see how to get it out* 


* house may get trashed in the prosses