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Buying a car with outstanding finance on it from Uk

  • 26-03-2019 11:15pm
    #1
    SDCork93
    Registered Users, Registered Users 2 Posts: 2 ✭


    Looking at buying a car in the UK but there is outstanding finance on it of almost the full amount I'll be paying for it as the dealer took it in a deal for someone to get a much higher spec car so selling it to me would be to just pay off the finance.
    Dealer is saying that finance will be paid off once the sale goes through and he would be liable for the finance and that it wouldn't effect me.

    Has anyone ever had this situation buying cars from the UK?

    Any advice appreciated


Comments

  • #2
    drunkmonkey
    Registered Users, Registered Users 2 Posts: 28,691 ✭✭✭✭drunkmonkey


    Dealer has cash flow problems. Find a different car.


  • #3
    m5ex9oqjawdg2i
    Closed Accounts Posts: 11,221 ✭✭✭✭m5ex9oqjawdg2i


    Never buy a car with outstanding finance on it. The car belongs to the bank, not the dealer.


  • #4
    kerten
    Registered Users, Registered Users 2 Posts: 937 ✭✭✭kerten


    What kind of dealer is it ?

    I bought a approved used car from Citroen dealer in UK and it had finance on it. No problem with that.

    From a small dealer, I wouldn't risk it.


  • #5
    SDCork93
    Registered Users, Registered Users 2 Posts: 2 ✭SDCork93


    kerten wrote: »
    What kind of dealer is it ?

    I bought a approved used car from Citroen dealer in UK and it had finance on it. No problem with that.

    From a small dealer, I wouldn't risk it.

    It's a dealer but a used car dealer rather than a main garage so has a stock of 30-40 cars.

    Have said I'm uncomfortable to pay for the car until the finance is cleared so he is going to try see what he can do on his side.

    Thanks for the advice


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