Garages That Buy Cars With Outstanding Finance

By this point the car might be worth peanuts but it ll still be listed as having outstanding finance on it which means the vendor can t legally sell it on until they ve sorted things out.

Garages that buy cars with outstanding finance.

Sell a car with outstanding finance. There are three bits of information it s crucial for you to have to hand when you re looking to get a good deal trading in your car with outstanding finance. You will also be at risk of losing the car if you cannot afford the remaining repayments. We explain what it means if you accidentally buy a used car with outstanding finance.

It s at this point that you need to tell them the name and address of the person you bought it from how much you paid for it and the date that it changed hands. If you have obtained a car through a personal contract hire pch or other lease agreement you don t have the option to buy the car as part of the agreement and cannot sell the vehicle. With pch you are essentially renting a car for a period set out in the contract meaning that the car is always owned by the finance company and must be returned to the lender at the end of the agreement. The settlement value for the finance plan.

The total value of the car. Getting a good deal on your car with outstanding finance. The value of the car you want to buy. If you do buy a car with outstanding finance on it probably the first you ll know about it is when the finance company gets in touch to say you owe a bundle of cash.

This is true especially when you sell privately. If you do buy a car with outstanding finance on it probably the first you ll know about it is when the finance company gets in touch to say you owe a bundle of cash.