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Buying a car - Vehicle check shows its on finance
Hi guys
I paid a deposit and agreed to buy a car via a dealership on Friday morning and to collect. I did a quick vehicle check and it showed the car in on finance through GMAC (UK) PLC
Not bought from a dealer for a long time myself now, soive questioned this with the dealer and just emailed the finance company and awaiting replies. I'd have thought that it shouldnt be showing as on finance though?
Thanks!
Mark
I paid a deposit and agreed to buy a car via a dealership on Friday morning and to collect. I did a quick vehicle check and it showed the car in on finance through GMAC (UK) PLC
Not bought from a dealer for a long time myself now, soive questioned this with the dealer and just emailed the finance company and awaiting replies. I'd have thought that it shouldnt be showing as on finance though?
Thanks!
Mark
0
Comments
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How do you think dealers can afford to have all those shiny motors on their forecourt ?0
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That's basically what I wanted to double check, I know I'might over cautious but there are some dodgy car dealers out there too.
But I'm sure it's all fine, really.
Cheers0 -
90% of dealer used cars will be on a stock plan. As soon as it's sold they will pay off the finance. I wouldn't be too worried about it.0
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Yeah it'll be Lombard funding or something similar, where they have a certain amount of days to sell it before they dont get funding.
As soon as you buy the car the sales admin will take it off funding & the money will come out of thier account.Dwy galon, un dyhead,
Dwy dafod ond un iaith,
Dwy raff yn cydio’n ddolen,
Dau enaid ond un taith.0 -
Remember that when you buy from a Bona Fide car dealer you have good title anyway, no matter what sort of finance is outstanding.0
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GMAC is, AFAIK, owned by Vauxhall / General Motors who I believe do offer stock financing to dealers0
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If you think the dealer is dodgy why buy from them?Censorship Reigns Supreme in Troll City...0
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Thanks all for clearing that up, I just wanted to double check especially as when I asled the dealer they said they would have to get someone to call me regarding it, but seems it's nothing to worry about.
Forgotmyname - I never said I thought this dealer was dodgy0 -
forgotmyname wrote: »If you think the dealer is dodgy why buy from them?
Are then any car dealers that aren't dodgy in some way?0
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