Movin' on
Free Member
I have found a motorhome which I like and is being sold privately. It has finance on it and what the seller is advising is that he will ask the finance company for a final statement which he will give to me, I will pay off the finance and give him the balance of the agreed price.
Has anyone else done this and is it a safe thing to do. What I intend to do is ask for a bill of sale at exchange of money stating cash for X pounds and cheque for XY pounds to the finance company. When he has proof of the finance payment he will release the vehicle to me. CAN ANYONE SEE ANY PITFALLS WITH THIS ARRANGEMENT-----------hAS ANYONE DEALT WITH THIS PROBLEM BEFORE?
Thanks in anticipation, Movin' on (Adrian)
Has anyone else done this and is it a safe thing to do. What I intend to do is ask for a bill of sale at exchange of money stating cash for X pounds and cheque for XY pounds to the finance company. When he has proof of the finance payment he will release the vehicle to me. CAN ANYONE SEE ANY PITFALLS WITH THIS ARRANGEMENT-----------hAS ANYONE DEALT WITH THIS PROBLEM BEFORE?
Thanks in anticipation, Movin' on (Adrian)