Buying used...

[vestax32]

I would want to see evidence of ownership etc etc before dabbling here.

If it were a private sale you would pay the finance and any balance to the previous owner. Once the previous owner has confirmation that the finance is cleared then they would release the car.

As S or R I'd expect the dealer to sort the financials. Whiffs a bit, sorry.

What do you mean by S or R?

So in your opinion, would be a better idea to pay dealer the full amount and it then be their responsibility to clear the finance?

[doodlebug]

I would want to see evidence of ownership etc etc before dabbling here.

If it were a private sale you would pay the finance and any balance to the previous owner. Once the previous owner has confirmation that the finance is cleared then they would release the car.

As S or R I'd expect the dealer to sort the financials. Whiffs a bit, sorry.

What do you mean by S or R?

So in your opinion, would be a better idea to pay dealer the full amount and it then be their responsibility to clear the finance?

Sale or Return.

You want to see clear HPI before you pay, that will mean dealer clearing finance. This won't happen overnight, however, could take a couple of weeks to clear through HPI.

This should all have been in the advert, it's late in the day to advise this. Which is why, personally, I'd walk away.

[mikep99]

As above.
Tell the dealer to sort the finance out with the seller and get back to you once clear - with proof!
Thats a whole minefield you don't want to be getting into...

[S4WON]

Ive done this before. You pay the finance company direct and only them. You also need to check out the finance company and make sure its legit.

Get the name of the finance company and thier agreement number. Call them direct, google them and get correspond from them stating the settlement figure

If its vag/audi finance you will likely be ok, or anyone else big like oracle. But if its scammers inc finance co, id walk away

[vestax32]

Thanks for this, I will investigate further and let you know how i get on. My thinking would be that if the finance is with Audi (i think it is, but will confirm), I settle direct then nothing to worry about?

[doodlebug]

Not before seeing all of the paperwork.

Made me wonder whether this sort of arrangement is actually permitted under the terms of the finance.

There's a lot of questions to be asked.

[vestax32]

Not before seeing all of the paperwork.

Made me wonder whether this sort of arrangement is actually permitted under the terms of the finance.

There's a lot of questions to be asked.

I am just waiting for dealer to call me back to confirm all details. If I'm not happy I may well either pull out or demand finance is settled and hpi checked before I bother going. This car buying business is a bloody mine field...

[innercry666]

Thanks for this, I will investigate further and let you know how i get on. My thinking would be that if the finance is with Audi (i think it is, but will confirm), I settle direct then nothing to worry about?

I have to say this situation strikes me as very odd. If the dealer is selling the car for somebody who still owns the car and the car is financed via Audi Finance then I don't understand why Audi don't just buy the car from the previous owner and then sell it on themselves. So begs the questions; what is the value of the car vs the outstanding finance? Will the sale of the car pay off the finance? Who do you have comeback with - Audi or the current registered keeper?

If it is financed via Audi then I would suspect Audi will get you to pay the money direct to Audi finance to clear the loan and then assuming that the sale price is greater than remaining finance the rest of the money either goes to the owner or Audi depending on the agreement they have.

I sold my previous Audi financed A4 to an independent company who sold it on after they bought it from me. They paid off the finance. I then confirmed with Audi that the finance had been cleared and that the remainder of the sale price was in my account before releasing the car. Job done. They then sold it on for a small but worthwhile profit. There was no comeback on me for anything to do with the car as the 'new owners' took on the responsibility of selling the car to the wider world. To me this is what Audi should do in this situation.

Is the current registered keeper still in possession of the car do you know or do Audi have it under lock and key?

[vestax32]

Thanks for this, I will investigate further and let you know how i get on. My thinking would be that if the finance is with Audi (i think it is, but will confirm), I settle direct then nothing to worry about?

I have to say this situation strikes me as very odd. If the dealer is selling the car for somebody who still owns the car and the car is financed via Audi Finance then I don't understand why Audi don't just buy the car from the previous owner and then sell it on themselves. So begs the questions; what is the value of the car vs the outstanding finance? Will the sale of the car pay off the finance? Who do you have comeback with - Audi or the current registered keeper?

If it is financed via Audi then I would suspect Audi will get you to pay the money direct to Audi finance to clear the loan and then assuming that the sale price is greater than remaining finance the rest of the money either goes to the owner or Audi depending on the agreement they have.

I sold my previous Audi financed A4 to an independent company who sold it on after they bought it from me. They paid off the finance. I then confirmed with Audi that the finance had been cleared and that the remainder of the sale price was in my account before releasing the car. Job done. They then sold it on for a small but worthwhile profit. There was no comeback on me for anything to do with the car as the 'new owners' took on the responsibility of selling the car to the wider world. To me this is what Audi should do in this situation.

Is the current registered keeper still in possession of the car do you know or do Audi have it under lock and key?

I presume the current owner has asked the dealer to sell the car in an attempt to recoup some of his money? The car is in possession of the dealer. Having had a lot of correspondence with the dealer over the past few days, I don't get the impression the dealer is dodgy, they have some serious motors for sale. However, obviously when spending this sort of money I need to be completely happy with everything. The forum is a very valuable source of advice and info, thanks again people.

[Ian_C]

Verdi, Motorhub, and GC Motors all had / have extremely flash expensive cars for sale. Definitely did not / does not necessarily make them garages who are trustworthy?!

[vestax32]

Verdi, Motorhub, and GC Motors all had / have extremely flash expensive cars for sale. Definitely did not / does not necessarily make them garages who are trustworthy?!

Yes I know this. Hence, I will make sure I am totally happy before continuing, and pull out if needs be. Keep you posted...

[PSB1]

It's a buyers market - you shouldn't have to accept this level of uncertainty or leg-work. The car should be ready to go with all the paperwork and admin wrapped up.

I'd buy from somewhere like Bramley without a second's hesitation for example - http://www.bramley.com/carsales/details ... /11829.htm

[Ian_C]

Sensible. It might sound stupid, but if you do buy, make sure you write on the receipt 'seller to clear finance' and have yourself and the garage sign

Those four words might make the world of difference if the car is repossessed / you go to court. Cover your arse! etc

[vestax32]

Just spoken to dealer. There is £49,000 outstanding finance on the car which is with VAG/Audi. He has already spoken to Audi and has been informed that we can go to bank and make chaps payment for the outstanding amount of finance and will then receive confirmation from Audi that the balance of finance has been cleared. And then obviously pay the remainder direct to him. To me this sounds perfectly acceptable. Thoughts?

[rtd]

Why so long winded?