You’ve found the perfect caravan or motorhome and are getting down to the purchase but you discover that the seller still has finance amount remaining. What should you do next? We’ve outlined some key things to consider before moving ahead with your potential purchase.
What do I do if the caravan or motorhome I am interested in is under finance?
You will need to talk to the seller about how they plan on going about paying off their finance. Once you have made a deal you are both happy with, you can proceed with the sale. Please see our Selling a caravan or motorhome Under Finance article for more information on what sellers should do in these circumstances.
What if I buy a caravan or motorhome with an outstanding finance amount without checking?
If you buy a caravan or motorhome with an outstanding finance amount and the seller did not disclose this information to you at the time of purchase, then you will automatically be responsible for the debt and outstanding payments of the finance contract. You will also be at risk of losing the car if you cannot afford the remaining repayments.
The seller is denying that there is any finance remaining on the car
If the seller hasn't advised you that there is finance or is denying that there is an outstanding amount remaining on the caravan or motorhome where in fact there is, they are either purposefully defrauding you or simply unaware of the finance. In either case, it's best to walk away from this deal.