check if car has outstanding finance free

Zaraalice1913 Jul, 2021Other

Outstanding financing occurs when the previous owner owes money on the vehicle but buys it instead. It is illegal for the vehicle's keeper to sell the vehicle without the owner's permission. Before they can sell the vehicle with outstanding finance, the keeper must pay off their agreement to become the owner. If you sell a car with outstanding finance without informing the buyer, the finance company will most likely track you down and seize the vehicle.