Print

Please login or register.
1 Hour 1 Day 1 Week 1 Month Forever
Login with username, password and session length

[Ironingboard]

good advice, theres a plan forming after speaking to the sellers finance company. They said to take the seller to the bank, get them to fill in the V5 document and then do a money transfer to the finance company, they will send confirmation by fax that its been cleared, then pay whats left to the seller, deal done..... hopefully.

[webby23]

I always thought that part of the terms of the finance contract the seller would have signed were that he couldnt sell the car until it was paid for anyway..........?

Personally I would walk away and never look back, far too much to lose and there are plenty of other cars for sale........

 

[Ironingboard]

I always thought that part of the terms of the finance contract the seller would have signed were that he couldnt sell the car until it was paid for anyway..........?

Personally I would walk away and never look back, far too much to lose and there are plenty of other cars for sale........

 

I contacted the sellers finance company and they only seemed to be concerned with getting the outstanding amount for the car, so I guess they are happy as long as the outstanding amount is paid for, they gave me a list in how to pay, I guess money talks. But if anything is going south about this deal I'll walk no problems.  Only reason why I'm even considering this is that I've been looking for a car like this for ages.

[Mr Skrunts]

I always thought that part of the terms of the finance contract the seller would have signed were that he couldnt sell the car until it was paid for anyway..........?

Personally I would walk away and never look back, far too much to lose and there are plenty of other cars for sale........

 

I contacted the sellers finance company and they only seemed to be concerned with getting the outstanding amount for the car, so I guess they are happy as long as the outstanding amount is paid for, they gave me a list in how to pay, I guess money talks. But if anything is going south about this deal I'll walk no problems.  Only reason why I'm even considering this is that I've been looking for a car like this for ages.

So spill the beans then.

What motor is it?

[Omegadoha, Desert Member]

If the finance company has an interst in the car, then it maybe not be sellers to sell. One thing you could do is to ask the seller for his contract with the finance company.

Don't know if the sellers contract with the finance company be transferred over to your name.

[Kevin Wood]

If the finance company has an interst in the car, then it maybe not be sellers to sell. One thing you could do is to ask the seller for his contract with the finance company.

Don't know if the sellers contract with the finance company be transferred over to your name.

This is why you need it in writing from the finance company that the car is yours, before parting with any cash. It's not the sellers to sell as it stands!

Kevin

[KillerWatt]

If the finance company has an interst in the car, then it maybe not be sellers to sell. One thing you could do is to ask the seller for his contract with the finance company.

Don't know if the sellers contract with the finance company be transferred over to your name.

This is why you need it in writing from the finance company that the car is yours, before parting with any cash. It's not the sellers to sell as it stands!

Kevin

Exactly!

Until the last payment is made, the car belongs to the finance company.