Buying a 2nd hand car with o/s finance?

[tomdbomb61_djtj]

how do you normally do this? do you just pay the person as normal? and then allow them to pay off the finance that they have outstanding from Renault?

I was suppose to be collecting my car on saturday, and the arrangement was that we would pay off reno to ensure it is cleared when we buy the car. now reno are f**king around and wont give the guy we are buying the car off his settlement figure over the phone/fax, they will only write out which could take days.

I am pissed off now as i wont be collecting my 182 on saturday!!!

 

[Tyson-182]

Never give the guy the money to go and pay Renault, cos he may just take your money, pay Renault, then keep the car, because there is nothing tying you to him!! You have to make the cheque or banker draft out to Renault, and go with him in person to pay it off. Write up a contract saying that you have paid Renault direct, and get you both to sign it (date the contract). Then write up another contract to say that on this date, the car was sold to you, etc. Again, both sign it.

You can never be too careful these days!

Never give your money and assume he is a decent guy so he will pay, cos they may just run off with your money, and evidentally pay for car with your money!!

Tyson.