How to Check If a Car Has Money Owing Before You Buy

Buying a used car is a great way to save money. But what if the car still has money owing on it? That means the person selling the car hasn’t finished paying for it yet. This can lead to big problems for you — even if you pay the seller in full. Before you buy any used car in Australia, it’s super important to check if money is still owing . In this blog, we’ll show you how to do that step-by-step in simple English. Why It Matters: Don’t Get Stuck With Someone Else’s Debt If you buy a car that has money owing, the finance company still owns it . That means the bank or loan company can take the car away — even after you’ve paid for it! This is called an encumbrance . If the car has an encumbrance, the lender (like a bank) can repossess the car. You’ll lose the car and the money you spent. Learn more here: 👉 What Is an Encumbrance? Why It Can Ruin Your Car Deal Signs That a Car Might Have Money Owing Here are some warning signs to look out for: 🚩 The seller is asking for q...