I've seen a camper for sale but have been told it was under a leaseback contract, is this right?

I am in the market to buy a campervan and saw one offered by a company online that have campers, motorhome and industrial machinery. When I enquired after a particular vehicle I received a reply stating

'This motorhome was under a leaseback contract, but the owner was unable to pay his monthly installments to our company.....We are selling it at the price listed to recover the remaining debt of the leaseback contract and because we will close the company next year and we take the decision to quickly sell everything because we must pay taxes to HMRC urgently. This is the final price for this motorhome with no other liabilities (debts) or hidden taxes to our company'

Is this legit?

Asked on 17 November 2023 by David Barnett

Answered by David Ross
This sounds as if the motorhome is currently under a finance agreement, and unless the finance is settled it is not possible for the vehicle to be sold. You could verify the financial status with a vehicle history check, but we would suggest caution in a situation such as this.
Similar questions
In November 2021 I signed a contract with a leasing company and finance company to lease a brand new factory order car. The car was due to be delivered in March of this year. However, due to the semiconductor...
Have you heard if the automotive industry is going to offer any support for people with leased cars?
I have noticed there seems to be an unprecedented number of newly registered, German brand, premium cars on the roads around my neighbourhood. They're presumably driven by people who would otherwise not...