What Car? Q&A - What if a seller has outstanding credit?

Q: What happens if I buy a car from someone who has it on finance and still owes money?
Y Oke

A: Simple – you’ll become liable to pay the outstanding credit before you can become the owner of the car.

An HPI history check will reveal whether a car you’re considering has any outstanding finance owed on it.

If the seller is upfront about finance that’s owed, make sure it’s paid off before you hand over your cash. Find out which finance company is owed the cash – the HPI check will tell you this – and then ask for a letter from it confirming that all outstanding sums have been paid.