buying car with finance negative equity

buying car with finance negative equity

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Trustmeimadoctor

Original Poster:

12,784 posts

157 months

Friday 10th May
quotequote all
looking at a car and it still has finance on it but the seller is in negative equity, its being sold by a dealer for his friend.

is there any way to resolve the issue without me handing over big stack of cash only on faith that the debt is cleared. i doubt the dealer has the cash laying around to clear his mates debt to pay the finance of first.

i have a feeling this is a walk away job and find another
but as ever its a great spec at a good price.

Trustmeimadoctor

Original Poster:

12,784 posts

157 months

Friday 10th May
quotequote all
yes hence negative equity or should i say the amount owed is more than the amount being asked i dont know how much by
was up a year ago for 4k more than now (Previous sale)

Edited by Trustmeimadoctor on Friday 10th May 16:36