Buying New car on Finance - son selling?
Discussion
Hey All,
Looking at a new car for my sibling, looked at one it's fairly well priced, £1200 under webuyanycar and the seller is aware but i'm a bit apprehensive as I did say why would you not sell to WBAC if their offering 1200 more to which he answered they'd knock 1500 off to which I'd say they wouldnt.
Firstly, the son is selling it on behalf of his dad whose the register keeper and has finance on the car but is in for a cancer surgery and unavailable to assist with matters, there is paperwork and his license there and a signed letter with power of attorney for the car. Their selling as he is unable to afford it and use it at the moment.
I'm dubious and being cautious nothing untoward happens here, we've done a HPI check. not stolen and as long as we clear the finance and a little on top we're all good to go? Just cautious in case something goes wrong, I've bought cars previously where I've paid the finance company directly as we shall do for this but never not of the owner, now the son does have the same name as the father coincidentally and wouldn't have to tell us this and seems ok but just dubious.
The cars also stored at the sons unit as there area isn't great apparently, this worried me a little but ok. He did call his father in front of me and he didn't sound young but hey may be the Scottish accent but They have owned it for 1 year so not sure if I'm worrying about nothing.
What's the worst that could happen? We pay the finance as long as the logbook is current and pay the Son or pay cash/ transfer the rest to the father then we're all good? Advice welcome on how to approach, we're planning to collect the car tomorrow.
Looking at a new car for my sibling, looked at one it's fairly well priced, £1200 under webuyanycar and the seller is aware but i'm a bit apprehensive as I did say why would you not sell to WBAC if their offering 1200 more to which he answered they'd knock 1500 off to which I'd say they wouldnt.
Firstly, the son is selling it on behalf of his dad whose the register keeper and has finance on the car but is in for a cancer surgery and unavailable to assist with matters, there is paperwork and his license there and a signed letter with power of attorney for the car. Their selling as he is unable to afford it and use it at the moment.
I'm dubious and being cautious nothing untoward happens here, we've done a HPI check. not stolen and as long as we clear the finance and a little on top we're all good to go? Just cautious in case something goes wrong, I've bought cars previously where I've paid the finance company directly as we shall do for this but never not of the owner, now the son does have the same name as the father coincidentally and wouldn't have to tell us this and seems ok but just dubious.
The cars also stored at the sons unit as there area isn't great apparently, this worried me a little but ok. He did call his father in front of me and he didn't sound young but hey may be the Scottish accent but They have owned it for 1 year so not sure if I'm worrying about nothing.
What's the worst that could happen? We pay the finance as long as the logbook is current and pay the Son or pay cash/ transfer the rest to the father then we're all good? Advice welcome on how to approach, we're planning to collect the car tomorrow.
I don't think the circumstances are that weird. I sold my dads car years ago on his behalf. He just decided to emigrate from the country and left me to clear up all the loose ends he left behind. This was an old shed though. Until recently WBAC did have a reputation of basically screwing the punter over by knocking money off the initial offer price over any little excuse so I'm not surprised the son still holds that view.
DiscoSINGH said:
I'd let this one slip through your fingers mate, there's too much going on here.
You not dealing with the seller, car in storage, finance etc.
Let them dispose of it via WBAC/other sellers - I'd spend a bit more any buy from a better source.
I did think this, she does need a car however and it's priced cheap but i'm naturally dubious so questioning if its too good to be true.You not dealing with the seller, car in storage, finance etc.
Let them dispose of it via WBAC/other sellers - I'd spend a bit more any buy from a better source.
Aunty Pasty said:
I don't think the circumstances are that weird. I sold my dads car years ago on his behalf. He just decided to emigrate from the country and left me to clear up all the loose ends he left behind. This was an old shed though. Until recently WBAC did have a reputation of basically screwing the punter over by knocking money off the initial offer price over any little excuse so I'm not surprised the son still holds that view.
Yep, I've sold through WBAC but the one thing he did say when he quoted WBAC he knew someone who worked there a long time ago and he was giving all his pals full value, for the condition the cars in I can't see them knocking off more than £500 at the max.Just questioning what can go wrong here, think we'll proceed but only thing is sold without permission? But with logbook change it changes ownership etc possibly some legal comeback there but a big effort there just not wanting any issues especially considering its quite expensive early five figure sum.
Although as my friend said, if he didn't tell me the story I would of ever known so could be just sudden cancer, operation no money coming in and can't afford it. Another thing I noticed was a delivery box in the car, who does deliveries in an A Class? .
Raptor7000r said:
He did bring these and a letter.
Thinking out loud what can really go wrong?
You end up paying for a car that neither you or the seller owns. Car gets repossesed or shows as having outstanding finance on it when yoe come to sell. Thinking out loud what can really go wrong?
As others have said, i'd give this one a miss and find another car to buy.
Far Cough said:
How did it go then ??
collected car today due to finance company closing on Friday earlier than expected.carreauchompeur said:
Try taxing it online using the documents you've seen. If you get an error then run like the wind.
I tried this to check the logbook was valid and all good.Seems ok, will feedback here if any issues arise but seems a genuine story.
Gassing Station | Car Buying | Top of Page | What's New | My Stuff