Strange car px.

[Phoenix .]

Probably means they have too many used cars in stock and do not clear the finance owed on them until they are sold, very underhand practice.

[Greigster]

Apr 26, 2013 7:27:53 GMT Phoenix . said:

Probably means they have too many used cars in stock and do not clear the finance owed on them until they are sold, very underhand practice.

But would that not still show the previous owner with outstanding finance? I dont think that would be legal!

[Deleted]

Apr 26, 2013 6:39:05 GMT Yorkshireman said:

Apr 24, 2013 12:13:55 GMT @simate said:

Correct.

I used to work in sales at a Vauxhall dealer, this isn't normal practice.

Hi Simate,apparently the way they do there finance is called stocking policy,have you heard of this?

I haven't heard of stocking cars with outstanding finance on them no. For example, when we took a car in px it would be down to the customer to prove to us that the finance had been cleared or we would clear it for them as part of the deal as they could add the outstanding amount to the new purchase if they were in a financial position to do so of course and their credit rating was ok.

We never bought cars in from other sources with outstanding finance on them. It is possible that they could be selling some cars on behalf of a finance company (ex company cars) in which case the finance would only be cleared once the vehicle was sold or returned to the finance company on a sale or return basis.

[Yorkshireman]

Thanks Simate,we got written proof the finance was all clear and did the deal.

[lobeydosser]

Well done Dowden.

My next car is still a roll of steel lying at the back of a car plant in Romania.

It will probably be another two months before I'm sitting in it.

[Yorkshireman]

Thanks lobeydosser,the wife loves it,infact she has made the excuse we need some more groceries just for another ride.Your car will be worth the wait i'm sure.