Stolen Info - Car Buyers Beware
I have just been lurking on another site and in between the slagging and inane postings found this little gem that I immediately stole for our consumption........
If you're looking to buy a car from a car fair or privately, be careful that there is no finance owing on the car as then you will then become liable for that debt.
The number to call to check on the car status is 0800-909777 and quite a bit of other useful info can be found at
www.police.govt.nz/safety/car.crime.php
Part 2
Anyone out there bought a car from the Ellerslie car fair in Auckland?
I understand its quite a good place with mechanics on hand to check out car etc.
:cheers
Re: Stolen Info - Car Buyers Beware
Quote:
Originally Posted by Pakeha Boy
If you're looking to buy a car from a car fair or privately, be careful that there is no finance owing on the car as then you will then become liable for that debt.
Not quite. The debt remains with the person who took it out. However, if you buy a car that still has finance owing on it, and the seller doesn't pay it off after selling you the car, then the finance company will repossess the car and you will lose the money you paid for it.
If this happened you can sometimes pay the debt yourself, which will mean you can keep the car - of course, you will be paying for it twice then!