Hi. New forum member and about to take the plunge on purchasing my first Porsche. I've found a Cayenne for sale and its from a private seller. I've always purchased my cars from a dealer so this process is new to me. I'd be grateful for some tips on buying privately and any pitfalls to look out for? The car has Porsche finance on it and there is negative equity. The owner says he will pay off the agreement after I pay him and I can watch him do it. Is this normal? It doesn't feel right to me but i know the car won't be legally mine until the finance is settled so how do others go about this issue?
I'm trying to decide whether to buy with cash or finance via the bank. If i went via a finance route, would the bank pay Porsche Finance and then the owner expected to pay Porsche the balance? Then I collect from the owner? If i went with cash i'm concerned i don't have many/any rights if something goes wrong with the car.
It all seems very messy to me so hoping someone has gone through a similar process and can advise from their experience what is best to do, what to avoid and suggest a process to follow?
Many thanks in anticipation.
T
I'm trying to decide whether to buy with cash or finance via the bank. If i went via a finance route, would the bank pay Porsche Finance and then the owner expected to pay Porsche the balance? Then I collect from the owner? If i went with cash i'm concerned i don't have many/any rights if something goes wrong with the car.
It all seems very messy to me so hoping someone has gone through a similar process and can advise from their experience what is best to do, what to avoid and suggest a process to follow?
Many thanks in anticipation.
T