Matt L
Member
Registered: 17th Apr 06
User status: Offline
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what is the usual procedure with it? as obviously i dont want to get shafted and end up spending 'x' amount on the car and getting a letter saying you now owe a further 'xx' amount 
Spoke to the seller and the sale is to fund the finance but obviously i have no comeback and even if they wrote/signed a letter to say they were paying it i have no comeback to finanace company should they not pay it.
not really got a clue on how it all works tbh so any help is appreciated.
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Ian W
Member
Registered: 8th Nov 03
Location: Wirral, Merseyside
User status: Offline
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Pay the finance company and let the seller have the remaining balance.
I think when I bought my car the guy may have ended up owing me £50
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MarkM
Member
Registered: 11th Apr 01
Location: Liverpool
User status: Offline
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Call the finance company from the sellers house. Ask for a settlement figure as of that moment then pay it by card over the phone.
Sign the V5, take the keys and drive away.
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Colin
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Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by MarkM
Call the finance company from the sellers house. Ask for a settlement figure as of that moment then pay it by card over the phone.
Sign the V5, take the keys and drive away.
This!!!
Thats what I done with the Focus. Paid about 90% of the asking price over the phone to Ford Finance & the rest in cash to the seller.
Nothing to worry about.
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Matt L
Member
Registered: 17th Apr 06
User status: Offline
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quote:
Originally posted by Colin
quote:
Originally posted by MarkM
Call the finance company from the sellers house. Ask for a settlement figure as of that moment then pay it by card over the phone.
Sign the V5, take the keys and drive away.
This!!!
Thats what I done with the Focus. Paid about 90% of the asking price over the phone to Ford Finance & the rest in cash to the seller.
Nothing to worry about.
Cool  never bought a car from a private seller let alone one with finanace on it, just text the bloke (who tbf sounds genuine) about it just to see what he says.
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Jambo
Member
Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
User status: Offline
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u2u Andrew
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Matt L
Member
Registered: 17th Apr 06
User status: Offline
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quote:
Originally posted by Jambo
u2u Andrew
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John
Member
Registered: 30th Jun 03
User status: Offline
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I was just about to post that 
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Jambo
Member
Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
User status: Offline
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Tbh John I was gobsmacked there had been that many posts without it being posted already
[Edited on 22-11-2010 by Jambo]
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--DAN--
Member
Registered: 3rd Feb 03
Location: Bottesford. Drives;3 Series
User status: Offline
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quote:
Originally posted by Ian W
Pay the finance company and let the seller have the remaining balance.
I think when I bought my car the guy may have ended up owing me £50
Same, I bought a Clio Cup back in about 2004 for £9000, the guy actually gave me £120 when I went to collect the car!
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16vKarlos
Member
Registered: 27th Oct 07
User status: Offline
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quote:
Originally posted by Colin
quote:
Originally posted by MarkM
Call the finance company from the sellers house. Ask for a settlement figure as of that moment then pay it by card over the phone.
Sign the V5, take the keys and drive away.
This!!!
Thats what I done with the Focus. Paid about 90% of the asking price over the phone to Ford Finance & the rest in cash to the seller.
Nothing to worry about.
Right so Colin, you travelled all that way with cash, and ended up bringing. The cash home or were your and to just transfer money,
As I am sure I remember you taking cash lol
Just wondering
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