It's hard enough buying a used car anyway so buying privately and dealing with outstanding finance seems too much.I'd leave it unless it's something very special or rare.
Cheers guys.
If I proceed, it will be on a weekday and I'll get all of the paperwork in advance so I can have a good read of it.
I'll also get the phone number for the Finance company and give them a ring in advance, to ensure their ligit.
Thanks
As well as legit, see if they have a team or someone who can facilitate the handover for you.
I wouldn't do it.
However I'd also want a copy of the sellers drivers license to prove they live at the exchange address as well as the V5 being registered there.
Any excuses as to why not, you're being scammed.
The V5 will be held by the finance company as they own the car until the finance is paid off.
I wouldn’t touch this with a barge pole. I just think there’s too much potential hassle, I wouldn’t risk it. Has potential scam written all over it.
The V5 is the registered keepers document, it says nothing about who owns it. Nissan own our car as it's on a PCP, we have the V5.Even if the finance company "hold" it,the seller could easily obtain a replacement from DVLC.
You came on here to ask advice and pretty much everybody has warned you off and given you a miriad of reasons why you should leave it alone.
And yet you're still considering it?
Sounds like you'd already decided what to do before you posted asking for advice.
If you go through with it and get stung I doubt you'll get much sympathy here.
It's not worth the risk just for a car.
As has been said, plenty more cars out there and if this one seems like a good deal not to be missed then that would make me even more wary.
Phoning the finance company is no guarantee they're 'legit', even if they come across as so.
Paperwork could be forged?
Scammers have pretty large scale operations and go to great lengths to come across as genuine.
All the signs are there...
You've been advised by many here about how this could be a scam.
You may not be dopey but you're certainly being extremely naive. Maybe they're the same thing? You've already professed your nervousness.
Sounds to me like you're a scammers wet dream come true.
Harsh I know but it is how you're coming across to me anyway.
I thought you were doing the deal this Sunday?
Sorry that's wrong.