Thread: Buying Advice
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Old 10-07-08, 08:14 AM   #4
MiniMatt
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Default Re: Buying Advice

The finance owing bit worries me. I'm really not at all rock solid on this one but accumulated horror stories have (perhaps incorrectly) led me to believe that a vehicle with finance owing is effectively owned by the finance company, and as such the seller is not necessarily allowed to sell the vehicle without the finance companies consent - it'd be effectively as if you'd bought stolen goods (no matter how innocently), the original owner can still come and reclaim them. At the very least I'd want to know who the finance company was and I'd want to speak to them directly to ascertain whether they knew that the bike was being sold and how that relates to you.

Missing service book wouldn't necessarily put a stop on the deal as I suppose they can get lost. I would want to double check that the receipts shown are from a garage you recognize, and I would want some money off as when you come to sell the bike yourself your potential buyers are going to have the same concerns.

There's a lot of choice around, SVs are plentiful, don't get rushed into anything, it might be worth just looking around a bit more for some more examples.
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