Should I buy privately if there is outstanding finance on the car?

Hi We're looking to buy a used car through a private seller. We're paying cash. The owner says that car has some remaining finance on it. What's the best way to proceed with the deal? Chris

Asked by Chris

The best way to proceed is not to proceed until the outstanding debt has been cleared.

You should arrange your own history check first to confirm the car’s status.  Don’t go ahead and pay for the car until a history check shows the car as being clear.

If there is outstanding finance on the vehicle then the finance company may be able to pursue you for the money (if it’s not paid off by the seller) or to repossess the car.


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