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Thread: buying a car with outstanding finance

  1. #1
    Join Date
    Jan 2008
    Posts
    1

    Default buying a car with outstanding finance

    hi

    I have place a deposit on a car from a dealer
    but a hpi check has revealed outstanding finance on it

    is the dealer entitled to sell the car and can i now pull out of the deal?


  2. #2
    Join Date
    Oct 2006
    Location
    Sussex
    Posts
    1,824

    Default

    If it has outstanding finance-steer clear-as I'm pretty certain the finance company could repossess the vehicle if there is a debt outstanding.

  3. #3
    Join Date
    Jan 2008
    Location
    Hull East Yorkshire
    Posts
    290

    Exclamation

    Be very carefull if you decide you buy this car, even if you pay fully for the car with cash you will not own the vehicle the finance company will and they have the full clout of the law to take the vehicle of you and there is nothing you can do about it. Personally I think it is a little bit poor of the garage to not have done its own H.P.I checks on the cars they are selling. Show them what you have found and ask for your deposit back if the refuse I would involve trading standards/consumer groups etc.......

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