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Buying new 8th Gen

Hero_uk1

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Messages
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Location
Midlands
Car
Honda Civic
Hi Guys

I'm thinking of buying an 8th Gen accord this weekend but the car is on finance. The seller wants me to transfer money into his account first so he can pay the Finance company. Once its all paid he will give me the keys etc.

Should i pay him on the day and get him to pay finance company whilst i'm there or transfer money once all finance has been sorted?

Thanks
 
Yeah, I can only echo what the guys here have said........unless you know this guy very well !!!!

Trust your instincts mate, if it doesn't feel right......its probably not !!!!!!
 
This sounds like a similar situation to myself when I brought the my accord.

1. when I enquired about any outstanding finance owing to my car. the seller was honest and said yes. he was an honest chap and even showed me the finance docs from honda when I viewd.

2. I asked the seller what happens to the fiance once the car is under me name. he reassured me a little by saying he will show me the receipt and proof when he paid of the finance company the following day.

3. double guarantee.

I made a contract with the seller as a form of receipt/ proof of purchase that once the car is mine any outstanding finance to the car was the sellers.

3. I took the leap of faith as a well kept car is a reflection of a honest seller.
I got my car from Wales from a nice middle age guy and we did the deal st his pad.

I've got his details. any problems I will just go there and beat him up.
 
Hi Hero_uk1,

I bought a car which had outstanding finance a few years ago and the transaction went like this:-

I contacted the finance company to check the outstanding amount, and made out 2 cheques, one for the amount outstanding to the finance company, and one for the difference to the seller.

I put the cheque for the finance company in an envelope addressed to them and unsealed and a cheque for the seller in another.

I gave the seller his cheque, showed him the one for the finance company, sealed the envelope and we posted it together.

This worked fine with no problems,

Pete.
 
TourerFan said:
Hi Hero_uk1,

I bought a car which had outstanding finance a few years ago and the transaction went like this:-

I contacted the finance company to check the outstanding amount, and made out 2 cheques, one for the amount outstanding to the finance company, and one for the difference to the seller.

I put the cheque for the finance company in an envelope addressed to them and unsealed and a cheque for the seller in another.

I gave the seller his cheque, showed him the one for the finance company, sealed the envelope and we posted it together.

This worked fine with no problems,

Pete.
Thanks Pete for your input. I think i will still give it a mis as seller refusing to give me exact outstanding finance and said he's moving abroad!
 
DazTheMe said:
This sounds like an eBay scam. Is the car attractively underpriced by any chance?
I watched "the ebay scammers" on ITV last week, and I thought of this thread LOL

Review of the TV program here --> https://tamebay.com/2017/09/see-itv-ebay-scammers.html

At the end there's "Seven top tips to staying safe when buying motors on eBay", one of which is "Don’t pay for a car until you’ve seen it and are about to be handed the keys" .

But there's nothing about how to deal with a car on finance, probably the only way is as described in #7, but otherwise, leave it.
 
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