MrsHuntGeneNotJeremyObviously ·
06/07/2020 18:58
Hi, I'm buying a second hand car from a dealer. It has an hpi, which is fine but the dealer said that if I was to do my own now, it would show outstanding finance on it because he has borrowed money to buy stock, which gets paid off once I've bought the car.
My questions are whether this is normal or is it something which should concern me. Also how do I know he's paid off the finance - if he went bust could some finance company repossess my car, even though the finance isn't mine?
Fwiw, the dealer is a proper business, with accident repair center etc, not some shack.
Am quite nervous about this so help would be appreciated. Tia