Used car with HPi, buying advice?

[weewebbo]

My girlfriend has her heart set on a new car, only a year old but the owner has said its not HPi clear yet. He said once the sale has gone through he will clear the outstanding finance on it with 2 weeks. He seems a genuine guy and there is no issue with the car, its immaculate.

Whats the best course of action? I suggested making a cheque out to the finance company for the settlement figure and if its less than the purchase price we will pay to the current owner the difference.

Is it worth drawing up a legal document stating that he will be responsible for the finance on the vehicle etc?

 

[Timmay]

might be sensible to have a document drawn up

 

[Steve]

If say he owes 6k yet wants 8k for the car.............

Offer to pay him 2k & pay the finance off yourself that way you know the car will be clean...........

 

[Timmay]

^^true - then your mind would be at ease

 

[Ad]

If say he owes 6k yet wants 8k for the car.............

Offer to pay him 2k & pay the finance off yourself that way you know the car will be clean...........

Thats the way i did it with the CTR i wrote a cheque to the finance comapany, you just need to check with the finance company as to what the balance is, no pointing paying 4k worth of finance off it the car has 10k oweing on it. If that makes sense.

 

[GarethM]

thats seems a good idea what steve has suggested, or do what timmay said get a document/contract drawn up.