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12 Comments

• #1 by Cammia on September 20, 2009 - 11:54 am

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  I wouldn’t bother! Too much effort

• #2 by The Drunken Fool on September 23, 2009 - 4:50 am

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  You cannot guarantee that he will, and while he owes, its not his car to sell.

• #3 by Happy Man on September 26, 2009 - 10:48 pm

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  Do not do it.

• #4 by moktah on September 27, 2009 - 6:37 pm

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  don’t do it. if this guy fails to keep his word, you’ll be left having to pay the car off or having it reposessed.

• #5 by DEBORAH S on September 30, 2009 - 4:01 pm

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  i would be inclined to avoid

• #6 by predator on October 1, 2009 - 3:28 am

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  you have to have the payments put into your name.

  but my advice is run like the wind!!

• #7 by ? on October 3, 2009 - 10:12 am

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  If it’s on finance, then it belongs to the finance company until he’s paid it off in full – therefore it’s not his to sell. If he stops paying, the finance company will be entitled to take the car from you and sell it to get their money back, leaving you with no money and no car.
  This guy sounds like a dodgy character – don’t get involved!

• #8 by Lover not a Fighter on October 3, 2009 - 12:06 pm

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  >> he wants to pay them off once i purchase,

  NO. Either he pays for it BEFORE you purchase it. OR you, the seller and the bank do a 3 way transaction at the bank office. Many banks will do this.

  You pay the bank.
  The bank release the title (on the spot)
  The seller gets left over (or chips in the difference).

  Good luck…

• #9 by doggiedexter80 on October 5, 2009 - 5:50 pm

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  Hi buying a car/motorcycle from someone who has it on finance is no big deal.

  If the seller is genuinely going to settle the HP then they should have no problems with you giving a cheque made out to the finance company plus the remainder made out to him.

  Or at the purchase time, call the finance company from his place and pay them over the phone. Give the remaining balance to him in cash.

  If he doesnt like these suggestions then walk away.

  Check though through hpi check, as this gives the finance company that loaned him the money. Not all Finance is attached to the vehicle. They will tell you if you ring them. Normally they say ‘we dont hold title over this vehicle’ which means Mr Seller is liable not the owner of the vehicle, nor is the car under any threat of repossesion if he doesnt pay.

  We settle hp on loads of part ex bikes coming through the door

  Black horse, is a major lending company in the uk for car/bike finance and they dont hold title. Whereas HFC do.

  But overall theres tons of cars out there do you need the hassle.

• #10 by Spike H on October 8, 2009 - 4:05 pm

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  until the finance is settled the cars not his to sell, you only have his word that he will settle the finance on the vehicle.tell him you will pay the outstanding finance and give him the balance of whats left over, make sure you go with him and you get a receipt for the outstanding balance on the car. if he doesn’t agree to your terms don’t touch it with a barge pole

• #11 by teenieebikiniee on October 9, 2009 - 8:14 pm

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  The way it works is that you provide his BANK (not him) with a certified check from your lending company. With the check, request that the title of the vehicle is sent to your lending company as you have purchased the car. Coordinate this with him, and everything should be ok..

  It is a lot of effort though, however, purchasing a car from a person is cheaper than buying it from a dealer….unless it is brand new. The effort might be worth it.

• #12 by crusader 2 on October 10, 2009 - 2:56 am

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  if your in the uk ih above has said it all and she is spot on