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| How Do Finance-Take-Overs Work? |
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A Finance Take Over is a used vehicle transaction where the Buyer purchases, by way of
a private sale, the Seller’s used vehicle as well as the balance of the finance contract that is attached to
the vehicle.
A Finance Take Over (FTO) works in the same fashion as any private sale of a used
vehicle except that the Buyer must take over the payments of the finance contract that “belongs” to the
used vehicle. The FTO is as easy as it sounds if the processes involved are followed and shortcuts are not
taken by both the Buyer and the Seller.
FinanceBusters has drafted several instruction and direction pages that are
specifically tailored to answer the question: "How do Finance Take Overs Work?" Please review the
following sections and click on the webpage that makes the most sense to you. |
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| How Does The Outright Sale Work? |
The outright sale of a financed vehicle is
a traditional private sale where the Buyer purchases the Seller’s used vehicle and pays out the existing finance contract
as part of the process. FinanceBusters has instruction and direction pages that will assist the Buyers and the Sellers
in making this process easy and seamless. |
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| SELLERS |
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Do you want to sell your car? Do you still owe money on your vehicle?
If you have tried to Sell your car (privately or by way of a trade-in) but have found it to
be too expensive to do so; FinanceBusters has the solution. FinanceBusters will find someone to Buy your car
and Take Over your Payments. Click on any of the following selling links to find out more:
Selling…..the Finance Busters Way: This page discusses how
to list your vehicle with FinanceBusters and how FinanceBusters will find a Buyer to purchase your vehicle and/or take
over your payments.
The Selling Process: This page discusses the Sellers roles
and responsibilities in the Finance Take Over and/or outrights sale transaction. This step-by-step process takes any
mystery out of this private sale and shows how easy it really is.
Finance Take Over/Purchase Checklist:
This page ensures that you don’t miss anything in the selling process and will assist the Seller with the
Buyers expectations. |
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| BUYERS |
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Are you looking to buy a late model, one owner, used car? Are you interested in
getting subsidized interest rates that are normally only available on new cars? Are you looking for a great
deal where the original owner has made several of the payments?
If you answered "Yes" to most of these questions then FinanceBusters has the solution. The majority of
FinanceBusters vehicles are one owner vehicles that usually have subsidized new car interest rates as part of
the contract. no Freight and PDI and pay off the loan faster or
simply buy the vehicle outright; all resulting in the savings of thousands of dollars on your next vehicle purchase.
Click on the following links to find out more on how the process works:
Buying……the FinanceBusters Way: This page explains why
you should Buy a FinanceBusters vehicle and provides you with twelve (12) excellent reasons why this is the best way to
buy and finance your next used car.
The Buying Process: This page discusses the Buyers roles
and responsibilities in the Finance Take Over and/or purchase transaction. This step-by-step process takes any mystery
out of this private sale and shows how easy it really is.
Finance Take Over/Purchase Checklist: This
page ensures that you don’t miss anything in the buying process and will assist the Buyer and Seller to ensure a
seamless transaction. |
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