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Outstanding finance scams

If there is finance, the company showing the finance will hold title to the car and the agreement needs to be settled before you purchase such a vehicle.

Outstanding finance is the biggest risk facing used car buyers, with around 25% of all cars checked by the Car Data Service providers still being subject to a finance agreement. If the loan remains unpaid at the time you purchase the vehicle you will not acquire title to it, nor will you be protected by the Sale of Goods Act (1979). Checking with vehiclecheck first will help you avoid this all too common problem.

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by Conrad Murray last modified 2007-12-04 13:36

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