Well I bought a new car yesturday, paid £750 deposit and paying the £3800 later on (bought car for 4.5k)

Its an audi a3 3 door tdi dsg (8p) in Lava grey. 80k miles FASH.

Car has HP finance on it but am not handing over the £4k untill its HPI cleared.

I am wondering two things:

1. How long does an hpi check take to update once owner has paid off their debt? Is it instant or could it take a month or two, which will cause problems..

2. Will i be able to remap the car without any dsg issues ? Lots of conflicting info everywhere. I plan to change the dsg oil myself for peice of mind, as it is a wet gearbox.

I will be using Evolution Chips (owned by Stu at msd?)

 

Why not just pay the finance company yourself direct and pay the balance left to the owner in cash... this cuts out the chance that he'll pull your pants down. I've no idea how quickly the HPI database is updated, but for the reason I've said, it's not ever been an issue to me.


Cheers,
Grant

 

Hello,

She now says she cant afford to pay them untill I pay her first.

Any ideas how i go about paying them directly?

 

Not entirely sure, but you're definitely on the right track. I wouldn't give her a penny of the money owed. Definitely sort it out directly with the Finance Company.

 

Agreed, maybe ask her for the paperwork inc log book and do it with her?

 

ask her for the poilcy number ring them and ask to pay the remaing balance

 

She is in London, her family are selling it for her, so i cant do it with her. Her dad said we can go to Santander and do it with him but its a lot of fucking about just to pay £2k off.

 

It's a lot less fecking about than if she gets your money and DOESN'T settle the finance.

She needs to get a settlement figure from the lender, you pay that across the bank counter, give the seller the balance, and they hand over the V5 and keys.

 

HP paid off, atleast i think so, HPI check comes up clear...

 

It takes upto 14 days to show as hpi clear . Most finance company's won't give clearance for 5 days after its been paid then they inform hpi witch can take upto 14 days .

Easy wat as said above pay cash direct in to finance company bank then u no it been paid so don't have to wait for title to come of car .

 

As long as you paid direct to the finance house who owned the agreement then you should be ok... I'd request confirmation in writing from the finance company that agreement number X in relation to vehicle registration Y and in the name of Ms Z was settled in full, for my own peace of mind and evidence that everything was above board.

I assume you did this at the sellers home/work place as part of the transaction and you've already got the car?? ...rather than pay off the finance yourself before actually having your hands on the car/name on V5, since that would be taking a gamble that they're honest people who won't just vanish after the finance is cleared.


Cheers,
Grant

 

Under NO circumstances WHATSOEVER do you pay the seller. You ask who their finance company is, and get written conmfirmation of the settlement figure. You then transfer the swettlement figure across to them directly and get written confirmation form them their interest in the car is relinquished. If there is any difference to be paid to the seller THEN you give them the balance.

DO NOT DO IT ANY OTHER WAY.

 

+1

 

Too late, i picked it up today, and paid in full. fuck it, I know where they live

 

Words fail me .........

 

Not even BM08 would be that thick

 

Oh dear..

 

Wonder if they live there as reading your post you not buy it from the registered onwer either?

 

Oh noo

 

Fuck!

This has the potential to come back and penetrate your poo chute big time!

 

FLOL

After all the advice you go right against it?

Jesus wept

 

Doesn't matter mate, if it isn't cleared the finance company own the car and they'll take it back and you'll be out of pocket. End of. You could try and claim innocent purchaser, but seeing as the seller informed you the car was on finance (which they are legally obliged to do) they have covered their back.

You better hope the do what they are supposed to and settle it all, or you'll be on the bus.

 

COMPLETE AND UTTER BELLEND

Why did you come on here and ask for advice and ignore EVERYTHING that has been said.....this WILL come back and bite you in the arse end of.

 

All you had to do was get the phone number for the finance place. I bought my Focus ST with £9k owing on it. Phone the finance company, paid with a debit card, they faxed / emailed me a release document within 5 minutes saying they had no further interest in the car. It was that simple. Hope it works out, but sounds like a mistake to me.

 

When I bought our s max it had outstanding finance on it the guy who I bought it from said he would pay finance he did I got a letter from lender and also rang them to be sure. Best to be safe than sorry.

 

I agree this is exactly what i done when i bought my escos theres no confusion at a later date then.

 

Crikey. Words currently failing me. Unsure what can even be said here to convey my absolute flagrant disbelief.

 

Somebody will have two black lines from the sleepless nights worrying from now on, you just want to hope they are a legitimate family.

 

FPMSL

The original BM08 strikes back.

 

I have a print out from them showing that the HPI is paid off. I wouldnt have paid up otherwise. If it turns out to be fake, I know where they live, I did some quiet checking on the family and they have lived down hear for ages.

 

Just an update... still got the car, no finance issues.

Seems I was right to be "an absolute bellend" and "stupid" afterall.

 

Be funny as fuck if you get a knock at the door tomorrow from the finance company coming to get their car back

 

lol, i got someone to hpi check it for me and its all paid up

Anyway its in the garage atm so i would just be like "what car?"

 

£1200 service (inc new engine fan and some kind of coupling) fuck me audi charge alot dont they!

 

you used a main dealer for a car worth <5k and done over 80k? your choice but i think you are mad!

 

So I upgraded from this to an 07 2.0T FSI sportback with just 38k. Full s line spec and around 260hp. Modified exhaust, remap etc. Didnt really have time to figure out if it was stage 2 (intercooler etc) as 3 days after getting insurance on it, i wrote it off.

Luckily I still have the old car though I have to keep insurance on the new one whilst they decide how much they are going to pay out to me. I drove into a "puddle" which turned out to be 3 feet of river that had spilled, in a hamlet with no streetlights on the baddest night of the floods just before xmas. DSG gearbox fucked first then the engine hydrolocked, the hardest problem was trying to get the key out of the ignition as it requires you to be in Park to do so however the gearbox was dead at this point.