Please help!

I very nearly did a deal for a 1997 typeR yesterday, just about to finish the deal,-the guy assured me everything was ok-HPI wise, but checked anyway,

this is what came up- stolen recovered 2003, and still outstsanding finance,

this car is currently on a "well known Auction site"

the car has got a mechanical fault but i still wanted to go for the deal as it was going to be a project over next few months, it was a straight swap for my 95 type Ra,(good deal i thought)

what i want to know is-is there anyway of sorting the finance problem out, the guy assures me he paid cash for the car earlier in the year, so it may have been an owner further down the line,

not really bothered about the sto-rec as my current RA was . just wouldnt want to finish the project and then get a knock on the door for the car repossesing

been told if you contact the finance company explaining circumstances ie you bought car in good faith etc, it could be resolved,

keep thinking of walking away as it might just be a "too good to be true" deal

any advice would be much appreciated,

by the way the car is the "unusual" coloured one

 

If he didn't declare the past history then what else is he not telling you! I guess the chap may not be aware of the history.

 

just spoke to the guy, its the previous owner who had the finance,and they say its all clear but records not been updated,

im on the phone now with finance company to find out if there is any "interest" in the car

fingers crossed!!

 

Good luck m8, i'm pretty sure that the finance is for the car - so if finance is unpaid the car cannot be sold sort of thing...

Keep us informed

All the best

 

wicked news- finance is all clear,
fin.company just posting clearance letter as we speak!

Hpi just not updated!!

all systems go, gutted to see my car go but always wanted two door!!