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Buying a used Car

keno-daytrader · 2004-03-29 11:02:40

Im looking at buying a car from the buy and sell, only thing Im nervous about is the finance on the car. How can I find out if a car Im buying is paid off fully? Dont want to pay 10 grand for a car only to find out the previous owner still owes 5k on it? Thx Ken

29-03-2004 11:02am

#1

keno-daytrader

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Join Date: December 2003

Posts: 803

Im looking at buying a car from the buy and sell, only thing Im nervous about is the finance on the car. How can I find out if a car Im buying is paid off fully? Dont want to pay 10 grand for a car only to find out the previous owner still owes 5k on it?

Thx
Ken

☀️ 7.8kWp ⚡3.6kWp south, ⚡4.20kWp west

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Comments

#2 29-03-2004 1:15pm

Kermitt

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the best thing to do is ask the person. if they're honest, they'll have no problem telling you about it. if you're not sure, then just walk away, dont risk getting a call from the repo men.

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#3 29-03-2004 3:38pm

silverside

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there is a phone number you can ring to check if there is any outstanding finance on it. I don't know it but it was posted either here or on askaboutmoney.com

If you don't do this, the hire company/bank etc can reclaim the car. The name on the log book is no guarantee of ownership.

The title check costs something like 20 euro but worth it.

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#4 06-04-2004 1:38am

Armadillo

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HP Autodata 01-2600905 check for any outstanding payments.

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