Just a bit curious on the topic
So theres this wreck up for sale with some good parts on it, the owner is selling its as it no reg or rwc and clearly states in the ad that he is selling it with fianace owing that he is not going to bother paying of.
So if i was to buy this wreck, what goes on with the finance side of things?
Car with finance owing
Started by RacerX, Apr 30 2015 03:10 PM
-
This topic is locked
6 replies to this topic
#1
RacerX
-
- Members
-
- 276 posts
Trusted Member
- Gender:Male
- Location:Melbourne
- Interests:Cars, Gaming.....
Posted 30 April 2015 - 03:10 PM
#2
Niko
-
- Members
-
- 7,511 posts
Member's Member
- Gender:Male
- Location:Sydney City
Posted 30 April 2015 - 03:15 PM
Just a bit curious on the topic
So theres this wreck up for sale with some good parts on it, the owner is selling its as it no reg or rwc and clearly states in the ad that he is selling it with fianace owing that he is not going to bother paying of.
So if i was to buy this wreck, what goes on with the finance side of things?
Don't touch it.
Easy as that.
#3
Samwise
-
- Members
-
- 8,434 posts
Official official of the official.
- Gender:Male
- Location:Undecided
- Interests:Taste so good, make you wanna slap yo' mama.
Posted 30 April 2015 - 03:38 PM
You'll be liable and the bank will chase you for his money owing.
I like to think of it as borrowing someone's car and driving it better than them.
#4
RX25SE
-
- Members
-
- 12,751 posts
...............Car nerd................ now a H6 pilot
- Gender:Male
- Location:Melbourne eastern 'burbs
- Interests:Cars with chrome bumpers!
Posted 30 April 2015 - 04:11 PM
Don't touch it.
This.
Sounds dodgy to me.
The way I understand it that a a car under finance must be insured so the finance company can recover costs in the event of a total loss.
Why is it he has the wreck and is trying to flog it?
If I told you I was a compulsive liar, would you believe me?
#5
Niko
-
- Members
-
- 7,511 posts
Member's Member
- Gender:Male
- Location:Sydney City
Posted 30 April 2015 - 04:24 PM
Link to ad?
And yeah, what Jase said.
#6
Liberty
-
- Members
-
- 23,869 posts
Regular Member
- Gender:Male
- Location:Sydney
- Interests:tl;dr
Posted 30 April 2015 - 04:25 PM
When something is too good to be true, nine and a half times out of ten it is. Pretend you never saw it.
Wanting to buy/looking for: single genuine STi rim, genuine STi front lip, Corazon or Zero/Sports grille and another OEM grille
Can you hook a brother up? Please contact me now. I have cash ready.
~
~
#7
Morgan
-
- Members
-
- 25,485 posts
...jus waitin' 4 a m8
- Gender:Male
- Location:Central Coast
- Interests:Taking a poo
Posted 30 April 2015 - 04:51 PM
Haha so he went out and got a loan to buy a car, crashed it and because it's worth nothing, he's just not going to pay it off his debt?
Sounds like he needs a swift kick to the face... and a lesson in basic economics.
0 user(s) are reading this topic
0 members, 0 guests, 0 anonymous users
