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Well if the car has finance registered against it then it remains the finance companies property until all finance is settled. Unlike a personal loan where by the company has no claim against the car with finance they have every right to claim the car even if it is sold on. By purchasing the car you also purchase the finance unless you have a contract to say they will take full responsibility for the finance repayment. You also need to check with the finance company that this is acceptable. Personally unless you get the ok from the finance company then i would steer well clear.
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