2006-11-20 09:22:15 · 6 answers · asked by matthew d 1 in Cars & Transportation ➔ Buying & Selling
you have to pay it off to get the title
2006-11-20 09:26:03 · answer #1 · answered by Anonymous · 0⤊ 0⤋
DON`T!!! Before buying any car you must do one thing and that is a HPI check. It costs a few quid but if it comes up as clear then buy the car.. if not.. don't touch it at all. To buy a car which has outstanding finance on it means that you are not buying from the owner, as the finance company owns the car until it is paid off.
2006-11-20 17:29:44 · answer #2 · answered by hharry_m_uk 4 · 0⤊ 0⤋
If there is outstanding finance, the car belongs to the finance company so legally you cannot buy it. They are within their rights to remove the car from you and you get nothing. You would then have to pursue the person who sold you the car to get your money back.
2006-11-20 17:26:16 · answer #3 · answered by geminii_lady_in_fife 2 · 0⤊ 1⤋
the person who sold you the car is still accountable for the debt.
in plain english this means that the car belongs to the finance company and was not his or hers to sell.
the finance company can repossess that car at any time.
2006-11-23 17:40:05 · answer #4 · answered by Anonymous · 0⤊ 1⤋
I do not think that you can buy a car with existing finance on it, seller should not be selling it to you either, check it out, you could get it repossesed.
2006-11-20 17:36:28 · answer #5 · answered by Kirks Folley 5 · 0⤊ 1⤋
it smells like trouble
why would you want to do that???
its not like there are lack of cars in this country.
2006-11-20 17:26:59 · answer #6 · answered by me 5 · 0⤊ 1⤋