Quote Originally Posted by sismic
Hi All,


This is my first time buying second hand car from private seller. I have deposited couple hundred and just find out that the car is still on finance.

Do you guys know if there is anything I need to concern buying this car?

I will handed the rest of the balance in bank cheque, do I need to write the payee of the cheque for Finance company which the cars leased from or just the seller's name ?

Help on this is appreciated as I have never buying car that still in finance before.

I live in Melbourne, not sure if there is special regulation regarding buying car that is in finance here in Victoria.

Thank You.
Yes mate you must make the cheque payable to the finance company to cover yourself. Talk to your bank about this, they do it all the time.