Buying a car with finance owing?
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Category: General Chat
Forum Name: General Chat
Forum Description: For mums, dads, parents-to-be, grandparents, friends -- you name it! And you name the topic you want to chat about!
URL: https://www.ohbaby.co.nz/forum/forum_posts.asp?TID=40911
Printed Date: 27 August 2025 at 4:36pm
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Topic: Buying a car with finance owing?
Posted By: Hopes
Subject: Buying a car with finance owing?
Date Posted: 02 November 2011 at 8:13pm
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My brother wants to buy a car - the chap he's buying it off had finance owing on it. He knows he's liable if he just hands the money over to the seller, and the seller never pays the finance off, so he's obviously not going to do that. However - he still wants to buy the car; anyone know the safe way to do it? I figure there must be one, it's very common to owe money on a car you want to sell, and not many people have the cash just to pay off the finance without actually selling the car first... -------------   
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Replies:
Posted By: clover
Date Posted: 02 November 2011 at 8:26pm
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Could he contact the finance company that the money is owed to and find out what would be acceptable to them? ------------- http://lilypie.com"> 
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Posted By: AandCsmum
Date Posted: 02 November 2011 at 9:32pm
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Private sale???
I'd contact the finance company as well. ------------- Kel http://lilypie.com"> 
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Posted By: emz
Date Posted: 03 November 2011 at 6:28pm
| Get a letter from the finance company stating how much is owing. Pay the remainder in a bank cheque made out to said finance company with the seller's reference number somehow attached (or you can do internet banking easily), and the rest in cash to the seller. |