Just done one, not good news.
Not stolen or written off.
However.
Security interest because there is still money owing on the loan.
Response from seller:
"Yes of course. As a doctor with Queensland health I financed through medfin. It still has some money owing. I have spoken to them. After I sell it, I'll immediately pay them out.
But there's nothing to do with mortgage.
It's very common to sell cars under finance. The loan is my responsibility, and has nothing to do with my mortgage. After sale, I still need pay the balance of the loan.
So have a think if we still meet tomorrow."
He seems like a decent guy, but I could get stuck with a car with money owing, if he doesn't pay it?
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