Best way to buy car with outstanding finance (private sale)?

[Air Support]

As the above really

Just seen a decent BMW I'd like to buy via a private sale - owner has advised that there is outstanding finance from the dealer he bought the car from.

The seller seems legit but I don't want to take any risks - was thinking of paying via two bankers drafts -one for the seller and the other to pay off the finance.

Any advice on the best way to buy safely?

Thanks

[martin mrt]

Pay the finance off over the phone via debit card, and the balance either direct to the sellers account or in cash.

Done this in the past with no issues whatsoever

[Air Support]

martin mrt said:

Pay the finance off over the phone via debit card, and the balance either direct to the sellers account or in cash.

Done this in the past with no issues whatsoever

Was thinking about this but is there any risk of the seller then not handing over the car and not completing the deal and having had his finance paid off (similar risk to my payment method I guess)?

[bp1000]

I also bought a car privately by paying the finance company after ringing them and then paying the remainder of the agreed price to the owner

No problems there

[omniflow]

Pay off the finance by phone using your debit card when you are at the sellers house - it will mean that you need to complete the transaction during normal business hours - but if you want to be cautious then that's part of the cost.

Make sure the daily payment limit on your debit card is high enough for the transaction.