Ok guys i need some help here i e-mailed the person who i am interested in buying the car from and this is what i got back:
Hi,
Could you please explain the lease agreement? How many people have used the car under this agreement, and what is the main use of the car been under this agreement and for how long?
REPLY
Hi,
The car belongs to me, has only ever been used by me, my name is on the log book and it has had no previous owners - all this is shown on the registration document. As you can tell from the mileage, the car has not been used a great deal, it's bit of a toy really. I've done a few long distance trips in it, mostly to France. The longest journey it's done was a trip to Le Mans last year. It was comfortable, pleasant to drive and amazingly we fitted all our gear in the boot. I have another car (Ford Focus Estate) I use for day 2 day stuff and I recently brought a motorbike which has replaced the Nissan as my summer toy.
Originally, the car was purchased on a lease scheme rather than HP finance. With a personal lease you only repay the depreciation which, depending on your circumstances, can be a cheaper way to purchase a new vehicle, but you have to return the car at the end of the lease period. However, in this instance the lease/finance company was owned by the Icelandic bank and went into administration just before the lease came to an end. This meant I couldn't return the car, so it was refinanced by the administrators while they found a buyer for the company
The lease company has now been brought by another bank so I'm free to repay the outstanding finance and sell the car.
I wanted to make sure you was aware of the situation because I'm not sure what would have come up on an HPI check. I'm not sure if it would show as having finance on it or not and I didn't want it to look dodgy. Because of the way all this happened, I have a good deal on the finance so I don't want to clear it until someone wants to buy the car.
I hope that helps
help me?