"Unit Stocking" HPI
Discussion
Afternoon all,
Am taking the plunge and buying my first Audi from a dealer. The HPI check I ran says that it's subject to a "Unit Stocking" agreement. I called Black Horse (the finance provider) and they said the dealer had finance on the car- this is not uncommon I understand and isn't particularly indicative of dodginess. The question is what I need to see/get to give me peace of mind- how will I know that the car has been released from the agreement?
There's huge potential for chicken and egg here, in that the dealer may not be willing to repay Black Horse until he gets my cash with which to do it, while I'm obviously reluctant to part with the readies while the car is still encumbered. Or am I being paranoid?
Cheers,
Rich
Am taking the plunge and buying my first Audi from a dealer. The HPI check I ran says that it's subject to a "Unit Stocking" agreement. I called Black Horse (the finance provider) and they said the dealer had finance on the car- this is not uncommon I understand and isn't particularly indicative of dodginess. The question is what I need to see/get to give me peace of mind- how will I know that the car has been released from the agreement?
There's huge potential for chicken and egg here, in that the dealer may not be willing to repay Black Horse until he gets my cash with which to do it, while I'm obviously reluctant to part with the readies while the car is still encumbered. Or am I being paranoid?
Cheers,
Rich
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