Join Date: Sep 2001
Location: 250km West of Perth
Legal Help, selling a car with money owing
I have a query regarding the selling of a car that still has money owing on it. Car is my girlfriends VS, of which she still owes a little money on. A dealer has approaches us with what I consider to be a reasonable offer so now we are going through the sale process.
I will point out that this dealer has got to be the roughest, meanest, slimiest thing around and I wouldnt buy a car from him if he was the last caryard on earth.
Anyway this is the problem, first he says bank Cheque, now he says dealer cheque, I want Bank cheque or nothing, now it sounds like he is going cold on the deal, you would have to wonder why wouldnt you. Secondly we want to sign the car over today although he says he isnt going to payout the finance Co till tomorrow.
If we get a bank chq I know we are right, however what if he doesnt ever pay the finance co? I gather my G/F is responsible for the loan still? I was told this from Esanda direct. What should we do? request proof of payout of the loan prior to handing over the car and signing the papers? as if we do this, technically we could not go through with the deal and the dealer will have paid out the loan.
Whats the story?? Remember this guy is a pure snake.
Car's I have owned. First car purchased in July 1994, in order of ownership.
VC Valiant 245Hemi, 280zx Nissan 5 speed, 88 EA 3.9CFI,94 ED Gli X Chaser, 79 FC LTD, 351, FMX, 91 EA2 Fairmont Ghia, 1999 AU S pack, 2000 AU Forte, 1992 EB2 XR8, 2001 AU2 SR, 2002 VX2 Acclaim, 2002 VX2 Manual S pack,2003 BA XR6 manual, 2001 VX2 Berlina.