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Get the registration number of the car and go on line and do an HPI check (RAC offer this service). It costs about Â£20 and it will tell you immediately if there is outstanding finance.It is extremely important that you do this before purchasing a used car.I did this the other day on a car I was thinking about buying and it had outstanding finance!est Answer: Go to www.rac.co.uk/web/vehicle-checks/car-dat... I have used this several times recently whilst looking for a car for my daughter and it has stopped me buying a couple of cars. It only costs Â£5.
Any settlement check will be made to you and also to the lien holder of your vehicle. But;;;;;;;if the value of the car is less than $1,500 that you owe to the loan company, then you will be upside down and owe any outstanding balance to your loan company. They NEVER pay off the loan, but the value of what it is worth.If it is worth more than your loan, then they pay off the loan and then issue you a 2nd check to you for the balance over amount of your loan. 2 examples Car worth $1,000.They issue check for $500 to you and loan company, since they subtract out $500 deductible.ny settlement check will be made to you and also to the lien holder of your vehicle. But;;;;;;;if the value of the car is less than $1,500 that you owe to the loan company, then you will be upside down and owe any outstanding balance to your loan company. They NEVER pay off the loan, but the value of what it is worth.