How to handle the transaction when finace owing

daRobot

Ok, so here's the story:

I'm interested in buying a car from a guy in the uk (private sale). I rang him and discussed the car and it's fine, and he's willing to accept my offer.

He tells me (without me asking) that there's finance owing on the car with the dealer he bought it from (It's only 8 months old so that's understandable). I told him that for me to give him cash wouldn't be wise, as obviously I can't know if he's paid the finance or not.

He suggested that I could pay the finance for him as a way of carrying out the deal.

Now what I am wondering is how I handle this transaction cleverly.

I could do with advice on how to make it as safe as possible and and help will be greatly appreciated!

bazz26

Arrange to go to the Financial Institution with the seller and pay the outstanding balance over the counter. Get a receipt and/or letter from them stating that the HP/loan has been settled in full.