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finance on a car

  • 19-01-2012 1:49pm
    #1
    joeg31
    Registered Users, Registered Users 2 Posts: 3 ✭


    i have bought a car and there is finance owing on it.the guy selling it was quite upfront about it and told me the amount etc from day one.i am paying him with two drafts.one for finance made out for the amount and a/c number only.the other draft is for the balance.what i need to know is.am i covered that there is no comeback on me.first time buying private and im a little wary when you hear stories of finance following on vehicles etc.


Comments

  • #2
    dar83
    Registered Users, Registered Users 2 Posts: 7,106 ✭✭✭dar83


    The only way I'd be going ahead with a deal like this would be to go to the Bank/Office of whoever the Finance is taken out with and witness the hand over of the settlement payment in person and leave with the receipt/confirmation of it being cleared.

    I'm not saying he isn't an honest guy or anything, but far too much could go wrong if things went down any other way. Far too many possibilities.


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