Buying A Car With A Loan On It

[chef_stagea]

i spoke to dad (hes involved with finance n stuff) he said you are best to get a stat dec (statutory declaration) signed by the old owner saying that the pay out figure is X amount, and that he will pay it with the funds you provide him for the car preferably. also a letter from the finace company saying what the pay out figure is.... if the purchase amount is alot less that the owned amount maybe question that lol... but the stat dec holds up in court if you ever find a tow truck out side your house lol...

also get your bank cheque made out the his lender. go in with him pay it so you both know 100% thats its all sweet.

i take it its not an import. 99% of lenders wont take an import as a security.

Edited July 22, 2009 by chef_stagea

[DSTROY]

i spoke to dad (hes involved with finance n stuff) he said you are best to get a stat dec (statutory declaration) signed by the old owner saying that the pay out figure is X amount, and that he will pay it with the funds you provide him for the car preferably. also a letter from the finace company saying what the pay out figure is.... if the purchase amount is alot less that the owned amount maybe question that lol... but the stat dec holds up in court if you ever find a tow truck out side your house lol...

also get your bank cheque made out the his lender. go in with him pay it so you both know 100% thats its all sweet.

i take it its not an import. 99% of lenders wont take an import as a security.

Mine was

[scandyflick]

as were mine.

[Damo_R34]

and mine.

All this stuff about not buying cars under finance is bollocks, as long as its done properly then there isn't anything to worry about? Oh, and maybe if the seller is wearing a black hoodie with the hood on, and skulks around everywhere and is always nervous, you probably shouldnt buy.

[Adz2332]

Good advice! might get that!

And yes its a 180... no flaming plz lol!

[Damo_R34]

pics?

[Adz2332]

Lol its nothing specsh from the outside... wanted a stock looking one.

[D_Stirls]

Good advice! might get that!

And yes its a 180... no flaming plz lol!

Great choice

Edited July 23, 2009 by D_Stirls

[Adz2332]

That yours in pic D Stirls???

[scandyflick]

niiiiice. sr or ca?

nah, that aint dales, dales is tougher.

[Adz2332]

Sr20 ahhh ok .. pics pics!

[scandyflick]

nice, another sr in the ranks.

i think hes got a build thread on ns.