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Outstanding finance agreement on car reg
Hello,
I have just run a check on a vehicle I plan to purchase.
The report came back clean apart from one flag.
It states that a previous plate belonging to the vehicle
has a finance agreement on it. It states that the agreement is higher purchase and on a different vehicle
than the one I'm interested in. I'm guessing this is just
a former owner of the car who has since bought a
new vehicle and has used their private plate.
The agreement, Therefor is with the plate and the new
vehicle and not the one I hope to buy. Am I correct in that assumption?
should I be concerned about insurance costs etc?
many thanks in advance,
Delbook
I have just run a check on a vehicle I plan to purchase.
The report came back clean apart from one flag.
It states that a previous plate belonging to the vehicle
has a finance agreement on it. It states that the agreement is higher purchase and on a different vehicle
than the one I'm interested in. I'm guessing this is just
a former owner of the car who has since bought a
new vehicle and has used their private plate.
The agreement, Therefor is with the plate and the new
vehicle and not the one I hope to buy. Am I correct in that assumption?
should I be concerned about insurance costs etc?
many thanks in advance,
Delbook
