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| The Pub For General Automotive Related Talk |
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02-05-2016, 12:58 PM
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FF.Com.Au Hardcore
Join Date: Jan 2008
Location: brisbane
Posts: 1,316
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Hi all long time member here last week I bought an XH ute with out rego
theres nothing wrong with the car but the seller tells me he took out a loan a couple of years back and he used the ute as collateral I checked with REVs and it came back as having encumberance he told me I could register it in my name but shouldnt sell it to a stranger as he is buying a house he is not going to default can I register it in my name with the money still owing if I wreck it out I still cant sell the body or motor so that doesnt leave much thanks just wondering where I stand Thanks John in Brisbane |
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Buying a car with money owing
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