if it was new car money, like you say ~15K
how long has it taken to depriciate to £1500
car should have been paid off long ago !
Bought a car off ebay, Outstanding Finance!
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if it was new car money, like you say ~15K
how long has it taken to depriciate to £1500
car should have been paid off long ago !
Probably about 7-8years. I've never bought on finance so I dont know if you can get car loans over this period.
If not, perhaps he bought a 4yr old one and has a 5yr finance agreement which i know do exist.
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
another thing to consider is that if the seller had been up front in the auction and mentioned it had finance on it then some people, myself included, would not bother bidding due to the extra hassle and risk. hence it would lower the price.
so i think that the seller got a higher price for the car by not mentioning the finance.
also, could it be possible the seller doesn;t even know about the finance?
so i think that the seller got a higher price for the car by not mentioning the finance.
also, could it be possible the seller doesn;t even know about the finance?
Whoh calm down!
Might be a simple HPI error, I've had it many times when I've HPI'd a car and it's come up with finance against it, when it was purchased outright.
I'd contact the finance company to see whether it's cleared and not off HPI (Could be a number of reasons as to why), or has an outstanding balance.
Might be a simple HPI error, I've had it many times when I've HPI'd a car and it's come up with finance against it, when it was purchased outright.
I'd contact the finance company to see whether it's cleared and not off HPI (Could be a number of reasons as to why), or has an outstanding balance.
I bought my current car when there was an outstanding finance agreement. Was a bit of a worry when I handed over the money but I trusted the guy (and picked up the car from his parents home address so I knew where he lived).
The problem was compounded further by the fact that the finance company took a good couple of weeks to acknowledge that the balance had been paid off.
if in doubt negotiate with the buyer to pay off the finance company directly.
The problem was compounded further by the fact that the finance company took a good couple of weeks to acknowledge that the balance had been paid off.
if in doubt negotiate with the buyer to pay off the finance company directly.
yea just avoid...
You want to buy a car off someone who'd fork out for repairs and maybe even be enthusiastic over their car. Not someone who'd only replace a car part when something drops off.
Have you spoken to this guy over the phone and he didn't tell you straight away the situation? Very bad sign if he didn't and you only found out through a hpi check.
You want to buy a car off someone who'd fork out for repairs and maybe even be enthusiastic over their car. Not someone who'd only replace a car part when something drops off.
Have you spoken to this guy over the phone and he didn't tell you straight away the situation? Very bad sign if he didn't and you only found out through a hpi check.
finally spoke to the guy, he has already got a newer replacement car (same model a few years newer).
He says he will move the loan to his new car, aslong as he has proof of this and his service history is upto date as per the advert i think i will still take it.
He says he will move the loan to his new car, aslong as he has proof of this and his service history is upto date as per the advert i think i will still take it.
Still wouldnt bother.
The issue is not that it has outstanding finance, but that it has outstanding dodgy weird ***** finance favoured by those so skint they are desperate. You dont want to own a car run by someone like that. I bet it has Linglong tyres on it as well.
The issue is not that it has outstanding finance, but that it has outstanding dodgy weird ***** finance favoured by those so skint they are desperate. You dont want to own a car run by someone like that. I bet it has Linglong tyres on it as well.
[TW]Fox;10381775 said:
IF the service history is okay and upto date it will put my mind at rest.
And nowt wrong with ditchfinders, i have 4 unmatched on current car
I had a good look around before the auction ended but the guy wasn't in.
Its a car i am buying taking the view the £1500 is written off on purchase, i could buy a far more expensive car but i regually park in some of the worst areas in stoke and i think its a good compromise.
IF the service history is okay and upto date it will put my mind at rest.
And nowt wrong with ditchfinders, i have 4 unmatched on current car
.
Ditchfinders on a car give you an indication as to the owners opinion on how much it's worth spending to maintain a car properly.
What is the car anyway?
Housemaster, what do you do for a living? GT3 is my dream car
OT - I wouldnt even bother with the car, like fox has said - he has not been honest and a person who has a dodgy loan on a car can not afford proper upkeep 99% of the time.
OT - I wouldnt even bother with the car, like fox has said - he has not been honest and a person who has a dodgy loan on a car can not afford proper upkeep 99% of the time.
exactly the guy I bought my first golf off was loaded. lived in a large house middle of nowhere. He drove the golf 60 miles to this tyre place he knew and paid 105 a corner and they fitted cheapo tyres 
He still goes there. Money doesnt buy knowledge.
He still goes there. Money doesnt buy knowledge.
This is true. But people who are too skint to look after their cars properly are easily spotted by ditchfinder tyres and pikeypayday loans secured on their £1500 cars
[TW]Fox;10381835 said:
But your car still managed to find a ditch with decent tyres on
To be honest the crappest tyres today are still better than the average tyres from 20 years ago - how did we manage to keep our cars on the road back in the 80's I wonder?
I do agree though that this whole deal looks dodgy. I dont think you can just transfer finance from one car to another. I'd be happier paying the finance company direct and then him the balance if you're really set on the car, but whatever you do tread carefully and make sure you dont end up stitched up.