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How to check money owing a 2nd hand car

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ORIGINAL POST
Posted by shsteve 10 yrs ago
Hi
I am looking to purchase a 2nd hand car and want to make sure that there is no finance against the car.

In Australia there is a number you can ring and check, is there something similar in Hong Kong?

Thanks
Steve

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COMMENTS
shsteve 10 yrs ago
Or do loans in Hong Kong go against a person and not the car?

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Sachin 10 yrs ago
I think it is included on the registration document. I vaguely remember seeing that when I bought a second hand car. Probably could go ask a dealer or call up your insurance company who should know how this works.

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talllatte 10 yrs ago
In HK if the car has been bought new by finance, the loan or finance company keep the registration document as well as a signed transfer of ownership document. At the end of the payment plan the registration docs and the signed transfer document is returned to the owner. So if the owner has the documents then they own it outright.



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