Car Data Check shows Outstanding Finance - What are my options? - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HUKD, you accept our cookie and privacy policy.
Get the HUKD app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit

Car Data Check shows Outstanding Finance - What are my options?

Tyler Durden Avatar
8y, 7m agoPosted 8 years, 7 months ago
I am thinking about buying a car and so I had a Car Data check done using the RAC. it has come up with a warning about Outstanding Finance. What are my options?

The details are in the post below.


Can anyone help?
Other Links From Check :
Tyler Durden Avatar
8y, 7m agoPosted 8 years, 7 months ago
Options

All Comments

(15) Jump to unreadPost a comment
Comments/page:
#1
http://farm4.static.flickr.com/3019/2450436114_c0f2efe1eb.jpg
#2
dont buy it as it belongs to the finance company until its been paid for
#3
avoid it, if you buy it, you will also inherit the finance and be responsible for paying for it
#4
scoobydoobydooo
dont buy it as it belongs to the finance company until its been paid for


yes, what scooby said :)
#5
Stay clear. Especially if the seller didn't tell you themselves - what else are they hiding?
If you buy the car not only will you pay the asking price, you will also be liable for the outstanding money to b paid to The Bank of Scotland. If that doesn't get paid they can take the car away from you.
Stay well clear.
#6
Yes, I realise that. I think I am going to try talking to the sellers and possible the RBS to see what can be done. Perhaps they will be wanting to pay the finance of with the cash from the sale, so maybe we can arrange something between the 3 of us.

Thanks for your words of warning.
#7
Don't forget if you do an RAC car check to go through topcashback.co.uk. It's just like quidco and unlinke quidco they offer £4.95 cashback on a £5 RAC car check, so only costs you 5p!
#8
I wouldn't trust the seller. If they did not tell you about the outstanding finance, don't necessarily trust them if they say they will pay off the finance with the cash you pay them, they might just pocket it and you would be in a bad position.
#9
Tyler Durden
Yes, I realise that. I think I am going to try talking to the sellers and possible the RBS to see what can be done. Perhaps they will be wanting to pay the finance of with the cash from the sale, so maybe we can arrange something between the 3 of us.

Thanks for your words of warning.


sounds scary! hope it goes well :)
surely there are other cars available on the market? colts arent that uncommon :)
#10
hdixon85
Don't forget if you do an RAC car check to go through topcashback.co.uk. It's just like quidco and unlinke quidco they offer £4.95 cashback on a £5 RAC car check, so only costs you 5p!


Pretty sure this has ended now. Sure it was in the thread over on MSE I was reading earlier. Still check it out though you never know!
#11
What you can do as well is if you agree to buy the car get them to phone RBS while you're there and you could settle the finance with them over the phone using your debit card. Then pay seller any remaining cash, that's what we did in the past.
#12
LaoTzu
Pretty sure this has ended now. Sure it was in the thread over on MSE I was reading earlier. Still check it out though you never know!


I did this a few weeks ago, so it could have changed. Sorry if it has, it was such a fab deal.
#13
It's not rbs its Bank of Scotland!!
#14
wendyak;1988602
It's not rbs its Bank of Scotland!!

They are one and the same RBS = Royal Bank of Scotland:p or Royally Bloody Shafted to some!!!!
#15
LaoTzu
What you can do as well is if you agree to buy the car get them to phone RBS while you're there and you could settle the finance with them over the phone using your debit card. Then pay seller any remaining cash, that's what we did in the past.


That seems like a good idea. I'll suggest it to the seller.

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!