Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Please note that it is not permitted to have referral links posted in your signature. Keep these links contained in the appropriate forum. Thank you.

https://www.boards.ie/discussion/2055940817/signature-rules
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Buying in UK but seller can't clear finance beforehand

  • 31-08-2017 01:20PM
    #1
    makeorbrake
    Registered Users, Registered Users 2 Posts: 4,676 ✭✭✭


    As per thread title, do I pay the finance company directly in these circumstances? Is there much of a delay in them providing an email to confirm they no longer have an interest in the car?


Comments

  • #2
    bazz26
    Registered Users, Registered Users 2 Posts: 51,489 ✭✭✭✭bazz26


    Is it a car dealer or a private individual?

    The only way I'd do it with a private individual is by accompanying the seller to the branch of the finance company and you pay the finance company directly to clear the loan, they then issue a letter stating they no longer have an interest in the car.

    Would I go to that lengths to buy a car in another country? Unless it was something rare or exotic then probably not, I'd just move onto another car that was less taxing or risky to buy.


  • #3
    makeorbrake
    Registered Users, Registered Users 2 Posts: 4,676 ✭✭✭makeorbrake


    Thanks Bazz. It is a private individual - and whilst I potentially could move on to another car, I'd like to try and get to the bottom of this as the deal is otherwise decent.

    Naturally, if I can't find a 'safe' way to do this, I'll walk away.


    I'd imagine someone here has been in this situation before?


  • #4
    Cee-Jay-Cee
    Registered Users, Registered Users 2 Posts: 12,235 ✭✭✭✭Cee-Jay-Cee


    With the size of the UK market I cant see why anyone would put this type of headache upon themselves to buy a car. I wouldn't even touch a car in this country with finance owing on it. There are plenty of other cars available.

    Like said above the only real way to do this is to accompany the seller to the financial institution where the finance is owed and pay the outstanding finance on it yourself and get confirmation that it is finance clear. Then subtract the cost of finance from the price of the car, obviously.


  • #5
    makeorbrake
    Registered Users, Registered Users 2 Posts: 4,676 ✭✭✭makeorbrake


    @cee-jay-cee the deal is a good one and I'm already halfway to figuring out how to do this safely. Customer has already discussed the matter with the finance co. and they say they will provide an undertaking to me immediately upon payment that they no longer have an interest in car and an acknowledgement that I've paid for car.

    I have the relevant account details and will speak with them directly myself tomorrow.


Advertisement