Thinking of buying second hand car. Car check came back showing "unit stocking finance" on the car. After looking into it, it seems common practice for car dealers to stock their forecourts this way. Could anyone recommend a safe course of action. Cheers Gaz
Thanks, yes seen above topic on piston heads and similar on other sites. Just woundered if anyone was in the industry, either car sales or finance. Cheers Gaz
I'm certain that car dealers are prohibited by law to sell a car with outstanding finance. Private people can do that and pass the debt onto the new owner but dealers aren't allowed.
Thanks. Yes have found information to support this. I would say technically they would be selling with outstanding finance - but they would then fall foul of the law or regulation if they did not pay it off. I think Iam ok with it but advices seems to point to getting a letter from them saying they have the right to sell the car and they will pay the finance off. Thanks Cheers Gaz
