Is it OK to buy a car from a dealer with Unit Stocking finance on it?

[Liverpools number nine]

I'm currently looking to buy a car and after doing a Data Check on the car it has come back saying there is a Unit Stocking finance agreement on it. I know this is something to do with a dealers finance, but does anyone have any experience of buying a car with this involved?

[dunrobin46]

Walk away from it. If there is finance outstanding it will be Hire Purchase and the company can legally reclaim it and you will be out of pocket.

[18_Inch_Guns!]

Could be that the finance has been paid but the data system not up dated. Happens quite allot.

The name of the creditor should be on the report, best bet is to give them a ring to see if it has been paid off.

Otherwise leave well alone!!!

[Totoer166]

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