AlarmsRus

Looking at a new motor next week and done a bit of homework but the car still has finance outstanding.
What is the best way of dealing with the purchase.
Make a cheque out to the guys finance company.
Pay him and hope he pays it off (not)
Any other ideas please??

TonyBurns

iTrader: (3)

You could buy my scoob as there aint no outstanding anything on her
But your best bet is to get him to clear the money the same day (depending on how your going to pay him, ie bankers draft) or make one out to him and one out to his finance co (he should have a document from them saying how much is outstanding).
Possably the easiest way me thinks (2 cheques)

Tony

Boro

iTrader: (1)

1) Dont accept proof of the settlement figure from the seller, find out yourself from the finance company. You should be able to do this with the sellers permission. All details required will be on the HPI report, ie, finance co, agreement number, telephone number to ring, etc.

2) Write the cheque out to the finance company, envelope, stamp and both go to post it. Make sure you know exactly who to make the cheque payable to and which dept. to send it to.

3) Pay the balance by bankers draft to the seller.

4) Get a receipt stating exactly how the money was paid/split up and to who.

5) Get it signed, dated.

Cant think of anything else to cover your ar$e at the minute.