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Should I worry about outstanding finance?

I am purchasing a used automobile imported from the UK by a dealer in Dublin who appears to specialise in this type of automobile sales. I have paid a small deposit to the dealer but have discovered via a Automobiletell.ie check that the vehicle has outstanding finance of a type called 'Unit Stocking' from a UK finance company. Interestingly the start date is shown as 01/02/2018 with a term of six months. I was told there was no finance outstanding on the automobile and the vendors appear to be respectable and trustworthy.

What steps should I take to protect my interests prior to completing the purchase?

GH, Tullamore

Filed under finance - Asked by Gabriel Hannon (Tullamore) - Sun, 18 Feb 2018 21:22


Shane O' Donoghue Answered by: - -

Answer

Hi Gabriel,

We had a worth with our at and this is what they said:

"Unit Stocking usually points to dealer finance. These types of issues can often be resolved, but as with any amount outstanding on a vehicle Automobiletell would advise caution until the matter is resolved. A Automobiletell.ie report provides a telephone number and account reference number for finance markers in the UK - so the customer can the bank directly and look to clarify the issue. If you are still having problems ring Automobiletell.ie customer service team on 1890 252331 or 01 5241517 and they'll be happy to talk you through the steps."

Hope that you get sorted

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