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Should we buy a car that was originally bought on finance?
Is it safe to buy a friend's daughter's car which was on finance? It has been stood for the last year. The parents say they have paid the finance and they don't want any more to do with the car. Will it be ok to buy?
Asked on 28 May 2010 by melanie33
Answered by
Dan Harrison
If the car has finance remaining on it, then it's not their car to sell - it's the finance company's. The finance needs to be paid off before ownership can be transferred. If you have any doubts, get an HPI check carried out.
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