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Author Quick One - Selling a Car while under finance
bishbosh
Member

Registered: 25th Sep 06
User status: Offline
10th Sep 07 at 13:47   View User's Profile U2U Member Reply With Quote

is this fraud?

Some guy bought my car off Ebay, he now says that because it on finance he wants the car first then he will clear finance. i said the terms of the sale was cash on collection. He said i can report you for fraud...

Shall i report a non payer to Ebay??
bigdan
Member

Registered: 4th Jan 07
Location: Jarrow (Newcastle)
User status: Offline
10th Sep 07 at 13:56   View User's Profile U2U Member Reply With Quote

yes its fraud

but if you repay the rest of the balance off straight away i think its ok
bishbosh
Member

Registered: 25th Sep 06
User status: Offline
10th Sep 07 at 14:00   View User's Profile U2U Member Reply With Quote

well that was my intention, sell car and pay off finance. Surely thats the only way most people can sell a car..
Brett
Premium Member

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Registered: 16th Dec 02
Location: Manchester
User status: Offline
10th Sep 07 at 14:23   View Garage View User's Profile U2U Member Reply With Quote

I sold a car that still had finance on it years ago.

Got the balance off the finance company. Got the buyer to write a cheque for the outstanding balance addressed to the finance company and the cash difference to myself. Worked fine.
bishbosh
Member

Registered: 25th Sep 06
User status: Offline
10th Sep 07 at 15:48   View User's Profile U2U Member Reply With Quote

Who is a fault then?

I would say him, he new it had finance and that i wanted cash on delivery
deano87
Member

Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
10th Sep 07 at 15:53   View User's Profile U2U Member Reply With Quote

I don't think there is a problem if both buyer and seller know what to do in terms of clearing the finance when money exchanges hands.

The only reason HPI and other such companies provide the finance check, is so that people don't sell the car without letting the buyer/new owner know.

I could be totally wrong about that though

 
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