Buying a car (from a main dealer) that has a red 'finance warning'......a question.

[Dave7]

Basically, my daughter and SiL went to see a 6 month old Toyota at the main dealer.
The paperwork had this finance warning in red on it.
They asked the dealer if he/they were prepared to provide a letter stating that all finance had been paid off/settled.......they refused.
So daughter walked away.
I think they did the right thing, what say you?

 

[Drago]

They did the right thing.

There no shortage of decent used cars of any make and model, so why take even the slightest risk when another is so easily located?

 

[T4tomo]

Basically, my daughter and SiL went to see a 6 month old Toyota at the main dealer.
The paperwork had this finance warning in red on it.
They asked the dealer if he/they were prepared to provide a letter stating that all finance had been paid off/settled.......they refused.
So daughter walked away.
I think they did the right thing, what say you?

Yes because if finance isn't paid off fully, the finance / leasing company still own the car and a can get it off you!

the dealer shouldn't do their check until that's all been cleared and the the HPI check or whatever it is called will come up green.

 

[Pblakeney]

Yes.
The dealer should take it off the market until it has been cleared, or they are selling under false pretences. IMO.