Outstanding Unit Stocking finance

Honest John Back Room » Motoring discussion
View Threaded
Sat 24 Mar 2012 12:25
Outstanding Unit Stocking finance - xreyuk

Hey guys,

I'm buying an car from main dealer, that was their ex-demo car.

Upon HPI checking the car it has outstanding unit stocking finance on it, which I understand is common for main dealers to do to finance their stock.

Can anyone recommend what I should do? Should I ask for it in writing that they clear the finance or should I wait until it is cleared?

Reply | Report as offensive | Link
Sat 24 Mar 2012 12:57
Outstanding Unit Stocking finance - tony g
Hi ,ask for a letter from the finance company ,not the garage ,confirming that they have no financial interest in the car .if the garage went into recevership ,the finance company would have title to the car .

Regards

Tony g
Reply | Report as offensive | Link
Sat 24 Mar 2012 16:10
Outstanding Unit Stocking finance - xreyuk

Cheers mate.

Reply | Report as offensive | Link