Mercdedes E320cdi Avantgarde

[harry hambi]

Hi all you experience Mercedes owners, can you pls advise on the following.
I've seen an absolute beautiful E320cdi, my heart says buy my head says walk away.
The car is sitting at a dealership ( not main dealer ), it belongs to someone the dealer knows...the dealer is selling the car on his behalf.
The dealer has been up front with me and told me there's finance owed on the car. I suppose I would have found this out with a HPI check...the dealer says if i give him a deposit of £1500 he will clear the finance, before i pay the balance for the car
Does this sound dodgy?,the car is in outstanding condition, pls any advice appreciated.

 

[television]

Can you give the year and model as there are many in the range

 

[stumpy]

Walk away - there are '000s of more straightforward deals out there.

 

[Alex M Grieve]

Walk away - there are '000s of more straightforward deals out there.

I agree - not worth the risk. "Selling on behalf of" is designed to get the dealer out of his Sale of Goods Act duties. When you add to that the ideas of outstanding finance, it becomes really unattractive - the car is not theirs to sell (dealer or his chum) as the finance company still has first call on it.

 

[dragon]

If you are brave enough and still like the car, get a written statement it clears of finance and anyone come after you he is responsible and you get all your money back. If he refuses to do it walk away there are loads of E around and you can even get a new one for £23K or less as this model is phasing out. It won't be any different than the new model coming in 2010.

 

[Dosco]

Don't do it - fell into the same trap a goodly few years ago and had a real fight to sort out the mess, eventually ended up in court but a kindly beak gave me the benefit of the deal.

 

[harry hambi]

the dealer has said before i pay the balance he will give me the paper work showing the car has been cleared of the Finance...I presume this paper work will come from the finance company.

 

[d215yq]

I've seen quite a few cars for sale and have always been suspicious but so many of the cheap XK8s i'm looking at seem to have outstanding finance and I guess in these times there must be many legitimate sellers out there who do have to sell the car to pay off the finance.

One seller even asked if it wa spossible to make a bankers draft to the finance company but i declined as am not in a hurry to buy. Is there not some legal way of solving the problem that means both parties can have assurance they won't be scammed?

 

[Dosco]

the dealer has said before i pay the balance he will give me the paper work showing the car has been cleared of the Finance...I presume this paper work will come from the finance company.

your call - buyer beware

 

[stuartmac]

Hi,

What if you ask the dealer for the finance details, you deal with the finance company direct?

Regards,

 

[dragon]

If in doubt walk away don't get hooked.

 

[Ashley H]

There's an old saying in the investment world - if it looks too good to be true, it probably is...

I agree entirely with the tone of the other posts - there are plenty of fish in the sea and expensive cars are depreciating faster than a share portfolio at the moment.