SETTLING HONDA FINANCE
27 November 2007, 08:13 PM
#1
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SETTLING HONDA FINANCE
Hi folks,
about to buy a civic privately that has outstanding honda finance. Anyone know if i can settle this by credit/debit card?
Or does it have to be a cheque?
Thanks
Bob
about to buy a civic privately that has outstanding honda finance. Anyone know if i can settle this by credit/debit card?
Or does it have to be a cheque?
Thanks
Bob
27 November 2007, 08:24 PM
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If the car has outstanding finance then surely whoever is selling it doesn't own the car. When i was selling my previous car i had roughly one year left to pay, i had to contact the finance company and get them to send me out how much was left to pay and i had to settle it myself. I had to pay an extra £60 and this was listed as "option to buy the car" or something daft, or it wasn't mine. I'd be surprised if you can settle it. Just be wary.
27 November 2007, 08:30 PM
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Hi,
Yes, I have agreed an overall figure for the car. I am therefore going to give him that figure minus the finance figure, and settle the finance myself if possible.
I have the hard copy of the opt out finance settlement figure, so my plan was to pay it by card and pay him the difference with cash.
So the question will be if i can settle his finance by contacting them and paying by card.
Bob.
Yes, I have agreed an overall figure for the car. I am therefore going to give him that figure minus the finance figure, and settle the finance myself if possible.
I have the hard copy of the opt out finance settlement figure, so my plan was to pay it by card and pay him the difference with cash.
So the question will be if i can settle his finance by contacting them and paying by card.
Bob.
28 November 2007, 01:18 AM
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ask the user to show you the amount of outstanding finance.
mke 2 bankers drafts out
one to the finance company
one to the owner for the ballance.
an everyday event...
mke 2 bankers drafts out
one to the finance company
one to the owner for the ballance.
an everyday event...
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29 November 2007, 03:22 PM
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I had a Lotus Elise on finance. I gave him access to my finance account so he could ring the company who confirmed the amount owed and the procedure that would need to be followed when he had agreed to purchase the car. I showed him copies of the finance agreement which he double checked with Lotus Finance. He rang Lotus Finance from my house on the day of the purchase, paid the finance company using his switch card and the car was his.
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