MARAC FINANCE LIMITED - MARAC MOTOR NORTH has a financial interest in this vehicle. It is very likely that money is owing on it. Should the money owed to the secured parties not be repaid, then they can repossess the vehicle.
Ask the seller to have the security released, wait 24 hours, then recheck the vehicle. This is the only way to be certain. Note that the finance company listed against the security will only discuss the details of the security with the vehicle owner.
Is the seller reliant on your payment to release the security? Hide... Click here...
If the seller is reliant on your payment to repay the loan to the finance company you could arrange to pay the finance company directly yourself (do not rely on the seller to do this), and pay the remaining amount to the seller.
Ask the seller to request a Settlement Statement from the secured party (Finance company). n.b. Ensure you are witnessing the original document.
The Settlement Statement will state the amount required to repay the loan in full. The settlement statement will only remain valid for a short time.
Check the Financing statement number on the Settlement Statement matches the Financing statement number on the security against the vehicle you are checking.
The Financing Statement number for the security against the vehicle you are checking is: FA1C3499E0E763E2
Make two payments: one to the secured party (Finance company) to repay the loan in full (the settlement figure) and the other for the remainder of the agreed purchase price to the seller. n.b. ensure you reference the Financing Statement number when making a payment to the secured party (Finance company).