Thursday, December 22, 2011

What if i bought a car which is still under finance (not my name)? Can I resell it?

This is a sticky one! Usually if a car is under finance it cannot be sold without the loan being paid out. I'm wondering if the previous owner paid it out after you bought it, if not I suggest you contact a solicitor and just ask where you stand as the man you purchased the car from has broken the law and perhaps there is a way around it but a solicitor will be able to tell you that and if so how it can be done. You can ring some solicitors for free advice. Good luck, I really hope you can sort it out!

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