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Buying a car which currently has outstanding finance - Page 1 - Porsche General - PistonHeads UK

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YOUR RESEARCHBuying a car which currently has outstanding finance - Page 1 - Porsche General - PistonHeads UK

Reported or suspected cause

seller had a £50k limit per day

Reported cause

No successful repair reported for this finding.

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Identified cause: 0
Suspected cause: 0
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Discussions that report identifying a cause: 1

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Reported cause
Main issue was the seller had a £50k limit per day from his bank!
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Buying a car which currently has outstanding finance - Page 1 - Porsche General - PistonHeads UK

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Leading evidence: 'seller had a £50k limit per day' (1 discussions report identifying this cause; no attributable repair resolution). Across 1 matching discussions, the most frequently mentioned possible cause is 'seller had a £50k limit per day' (1 discussions; 1 report identifying it and 0 suggest it). No action has an explicit, attributable resolution report under the current rules. These are forum reports and suggestions, not a confirmed diagnosis.

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1 matching discussions · 3 captured posts examined · 1 partial discussions

Reported and suspected causes (1)

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seller had a £50k limit per day

No successful repair reported for this finding.

1
Identified cause: 0
Suspected cause: 0
Reported fixes

Read evidence and context

Discussions that report identifying a cause: 1

0 original-poster resolution reports. Counts can overlap; they are not unique people or a success rate.

0 discussions have direct query context; 0 report a fix in that context. Other evidence may inherit the discussion’s subject.

Reported cause
Main issue was the seller had a £50k limit per day from his bank!
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Buying a car which currently has outstanding finance - Page 1 - Porsche General - PistonHeads UK

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Counts describe captured discussions, not unique people or a diagnosis. Author identities are not reliably stored. Exact duplicate evidence is counted once across matching discussions; one discussion counts at most once per action/state. Multiple repairs reported together remain a combination. Suggestions and failed attempts do not establish a fix. Matches cover whole discussions and can include related faults, model variants and incomplete threads.

3 eligible posts · 0 unverified posts · 1 discussions match the subject in their title or opening post.

PistonHeads: 1 discussions

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Generation: 20261027T013556Z · outcome-qualification-6. Deterministic extraction; no AI model inference. How we use sources

POST 1 / ORIGINAL POSTEROriginal post

I'm buying a 911 from a private dealer who is not known to me. He's selling the car on behalf of a client of his. The dealer has confirmed there is finance outstanding on the car and that the dealership will settle this once I've paid for the car. What he's saying sounds logical but how do I know the debt would be settled in full? What can I do to protect myself? Whats the normal process in this situation? Any input will be greatly appreciated.

POST 2Original post

Ask for a copy of the settlement letter. Stand with them in person to make sure the transfer is made all the way to finance house. Do it in the morning and not on a Friday if possible so that there is time for funds to clear all the way through.

POST 3Original post

I did this with a private purchase on a £100k car. You can request a settlement statement (to see how much finance is outstanding). I called the finance company on a no names basis, quoted the policy number etc and explained that I was going to settle the finance and buy the car ( paying the seller the net difference) they said this was all ok. However, on the day the finance company would not accept the payment from me, it had to come from the ‘owner’ of the debt. Anyway we got it sorted in the end and I got the closing statement etc but it was a bit of a faff and took quite a while…4 or 5 hours! Main issue was the seller had a £50k limit per day from his bank! As has been stated, leave plenty of time. Might be easier / better through a dealer but they might not be able to settle someone else’s finance if on SOR…. Worth chatting it through with them in advance.

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