Car has outstanding finance - should I still buy it?

I’ve found a used car I really like, but it still has outstanding finance. Should I buy it or walk away?

Asked on 11 December 2013 by steve

Answered by Honest John
If the finance is not paid off then whoever it is owed to still owns the car and you don't.
Similar questions
We're looking to insure a 17 year old driver. We are unsure which strategy to pursue, buy new - including free insurance - or buy a used car for £1000 - £2000 and take the insurance hit. What are the best...
Is it better to buy a used 2 year old car which has lost it's depreciation, or buy a new car within a 3 year car finance agreement to either buy at the end or release. Also should I now wait until after...
Is it safe to buy a friend's daughter's car which was on finance? It has been stood for the last year. The parents say they have paid the finance and they don't want any more to do with the car. Will it...
 

Ask Honest John

Value my car

Save £75 on Warranty using code HJ75

with MotorEasy

Get a warranty quote

Save 10% on GAP Insurance

Use HJ10 to save on an ALA policy

See offer