Buying car from Evans Halshaw which is showing existing finance.

GSDog

Hi all.

I have found a car which I like at Evans Halshaw. It's a rare car, with only 10 which I can see currently available in the country, and it is a good price. I have put a £100 deposit down on it and they have said that they have refurbished the alloy wheels and it is in excellent condition.

I did my own HPI check this morning and found that it has existing finance on the car. I immediately phoned EH, they did their own HPI check whilst I was on the phone and confirmed that it had indeed got existing finance. They informed me that the reason why is because they have literally just got the car in (this is true) and that the finance will be paid off.

I'm still a little paranoid about this though. I'm planning on viewing the car on Friday to hopefully buy it, however I'd like them to sign something to say that they have or will pay off all existing finance on the car. What is the best way of doing this or wording it so that it forms part of the contract should it later turn out that the finance was never paid off by EH?

I know EH don't have a very good customer service. I just want to protect myself and to ensure that the finance is paid off. It's a great car and it will be very difficult to find another like it.

Any advice would be appreciated.

jaydeeuk1

They will pay it off, as I imagine they'll get in all sorts of trouble if they knowingly sell a car they don't own.

GSDog

That's what I thought, still a bit paranoid though after reading so many bad reviews about EH. Usually I'd walk away, but I'm currently without a car and these are so damn rare. It's an excellent example as well.

Here's what is showing on the HPI check:

Finance house FGA CAPITAL UK LTD (FIAT)
Finance house telephone 0844 561 4738
Agreement type Hire Purchase

I'll phone EH tomorrow and express my concerns and I will also phone the finance company.

rs65

You've paid a deposit so just don't collect it (and pay the balance) until the HPI is clear.

harveybobbles

The finance will be settled. They will get lots of cars thru that have out standing HP on and they probably just send payments after they have bene processed.

Nothing to worry about and you are perfectly safe buying a car from a garage with outstanding finance showing.

I wouldnt phone the finance company as its nothig to do with you and you could muddle things up.

vaio

harveybobbles wrote: »

The finance will be settled. They will get lots of cars thru that have out standing HP on and they probably just send payments after they have bene processed.

Nothing to worry about and you are perfectly safe buying a car from a garage with outstanding finance showing.

I wouldnt phone the finance company as its nothig to do with you and you could muddle things up.

Nothing to worry about and perfectly safe unless the seller goes bust after taking your money and before paying off the finance (or just runs off with your money)

Pay some of the cost with a credit card and so get s75 protection is a really good idea whatever the circumstances.