So i'll try to make this short.. here goes.
We are looking at a car that would usually sell for 45-50 grand to buy used.
So we see a car advertised for 41.000. that is perfection! We ring them, this is their story.. The car in question is leased, they need to sell the car to pay off the lease before they go OS. We saw the car advertised for 46.000 before xmas, but obviously they are heading OS next week and are getting despo so have reduced the price dramatically. Obviously we can't just trust them to give the 41,000 to the lease company!
So I ring consumer affairs, and they say it is illegal to sell a car if it is under finance, and a lease is the same as finance. But what buyers usually do is pay the lease company direct.
So we speak to the lease company, who have said we can make the cheque payable to them, and can get a final payout figure from them before we pay, so we can see that their is certainly no more owing on the car than the 41,000 asking price. And the sellers have been very honest and met all our requests thus far.
One side of me thinks it should be fine if all thats said above is done. But the other side of me is worried about something going wrong, if these people leave the country and the lease company take the car.
So my wise E.B-ers, i'm just asking for a fresh look at the situation, something me or DH may not have thought of etc etc. Or someone who may had had this experience.