Outstanding Finance check

  Buying a used car can at times resemble something akin to motoring roulette. Nearly half of motorists who have ever bought a used car privately believe they were deceived in one form or another by the person who sold it to them. Unsurprisingly, drivers are concerned about faulty vehicles and paying too much for their next car. And then there is the worry about the vehicle’s history, whether is it stolen or still subject to a credit agreement? But do motorists know how to avoid buying a car with outstanding finance on it?Outstanding finance occurs when the previous owner still has finance to pay on the car, but sells it on anyway. In doing so, they are fraudulently selling the car onto the next person, without declaring it in any records or communications.


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