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Idle Banter For non SV and non bike related chat (and the odd bit of humour - but if any post isn't suitable it'll get deleted real quick). There's also a "U" rating so please respect this. Newbies can also say "hello" here too. |
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03-06-16, 09:38 AM
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#1 |
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Guest
Posts: n/a
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Clearing finance
I am looking at buying a bike but there is outstanding finance. I believe there is a single payment left, he was pretty up front. What is the best way of making. Sure it is clear of finance before I give him final payment?
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03-06-16, 10:23 AM
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#2 |
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Member
Mega Poster
Join Date: Jul 2003
Location: Hertfordshire
Posts: 1,422
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Clearing finance
Are you an AA or RAC member? They can do finance checks and give advice.
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03-06-16, 11:11 AM
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#3 |
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Guest
Posts: n/a
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Re: Clearing finance
No. I did an hpi check, and it came up. Called the finance company who confirmed that they hold finance, but would not confirm how much was left on it.
It's on.eBay, so I could buy it now, give a deposit which would be enough to clear the finance, then confirm with the finance company it is cleared. |
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03-06-16, 11:33 AM
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#4 |
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Member
Mega Poster
Join Date: Feb 2011
Location: Poole
Posts: 1,083
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Re: Clearing finance
He can get confirmation from them, hopefully by email, immediately after settling the finance agreement.
Thats the best way to make sure you are safe on that front, as there is no way of making sure he actually clears it if you give him the deposit
__________________
2011 Triumph Daytona 675, Arrow exhaust and QS! |
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03-06-16, 12:10 PM
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#5 |
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Member
Join Date: Feb 2015
Location: Woking
Posts: 81
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Re: Clearing finance
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03-06-16, 03:41 PM
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#6 |
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Guest
Posts: n/a
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Re: Clearing finance
Paid a PayPal deposit, as I don't think he had the money to settle, I think he's just had to pay a big fine, hence priced to sell. It was protected by the credit card then. He's paid it off and I have independent verification that it's paid, as well as his emailed confirmation. So all hunky dory. I pick it up on Sunday with cash for the balance.
Cheers for the advice. I now feel like it's Christmas and I am 7 years old. Pics will follow at some point. |
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