Quote:
Originally Posted by dar2008
I'm finding the same now looking for a second hand Fiesta for my son. > 90% are dealers.
Anyway, I've just found one that looks quite good, and it's a private sale. I've run an Autocheck on it, and it has outstanding finance... what's the protocol with that? If we like the car, do we pay the finance and the remainder to the seller, or do we pay the seller and watch them pay the finance company (Ford Finance)?
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Do an instant bank transfer to the finance company, get the seller to call them in your presence and confirm settlement, pay remainder to the seller in cash or similar bank transfer.
This was the procedure recommended to me by BMW finance when I sold my previous car to a private buyer that had outstanding finance. If in doubt, call the finance company and ask them their preferred method. Its technically their car so they are the ones you have to please!