buying privately- outstanding finance.....and a what's it wo

[Zarkingfardwarks]

as the title says really

ta

and what's an 06 avensis t180 estate with 60k miles really worth (private that is) as prices seem to be all over the place bloke wants 6750


ta

[uncinquesei]

glasses guide with ave miles (58k - close enough):
Valuation for 3rd December 2011 (using December data)

Trade Retail
Basic Value £5,500.00 £6,875.00

Adjusted Value Total £5,500.00 £6,875.00

[johnpeat]

Firstly, buying a car which is marked as 'outstanding finance' is a bad idea unless you're 101% sure that the seller will pay-off the finance (if they choose not to do so, it's you who'll be out of pocket when the car is repossessed).

What you should do is ensure the finance is cleared by arranging this between yourself, the seller and the finance company.

As for value - from what's posted below he's asking too much for a private sale - that's almost what a dealer would put on the screen - I'd aim at least £800 lower (and if he says no it's because he's upto his neck in debt on it and I'd walk away anyway).

[frosted]

johnpeat said:

Firstly, buying a car which is marked as 'outstanding finance' is a bad idea unless you're 101% sure that the seller will pay-off the finance (if they choose not to do so, it's you who'll be out of pocket when the car is repossessed).

What you should do is ensure the finance is cleared by arranging this between yourself, the seller and the finance company.

As for value - from what's posted below he's asking too much for a private sale - that's almost what a dealer would put on the screen - I'd aim at least £800 lower (and if he says no it's because he's upto his neck in debt on it and I'd walk away anyway).

One would pay the outstanding finance themselves with a debit card direct to the finance company and then pay the difference in cash to the seller, no ?

[Brite spark]

If you want it enough- pay the financed money to the finance company directly, do not pay it to the seller

For the hassle I would want it cheap though

[POORCARDEALER]

frosted said:

johnpeat said:

Firstly, buying a car which is marked as 'outstanding finance' is a bad idea unless you're 101% sure that the seller will pay-off the finance (if they choose not to do so, it's you who'll be out of pocket when the car is repossessed).

What you should do is ensure the finance is cleared by arranging this between yourself, the seller and the finance company.

As for value - from what's posted below he's asking too much for a private sale - that's almost what a dealer would put on the screen - I'd aim at least £800 lower (and if he says no it's because he's upto his neck in debt on it and I'd walk away anyway).

One would pay the outstanding finance themselves with a debit card direct to the finance company and then pay the difference in cash to the seller, no ?

Yes. Or a bankers draft payable to the finance company and the balance however the seller wants it.