I would. I bought a pre-registered one from a main VW franchised dealer and they didn’t own it at all. It was still owned by their finance arm. If the finance arm went bust then whosever bought the debt would have owned my van and could claim it any time they wanted to. My dispute would have been with the dealer who would probably go bust at the same time. I would have lost the money and the van with no realistic claim on either. Remember, the banks would have been at the front of the queue. Debts are routinely repackaged and bought and sold. Remember CDOs and the financial crisis? That was the end result last time. It took a lot of pushing on my part and a refusal to actually pay for the van for them to transfer the van from the finance arm of the company to the dealer itself who only then could sell it to me. By operating this way, the franchised dealer would have freed up tens of millions of cashflow that they could use for other things such as buying complex financial derivatives - and playing a role in the next financial crisis! If the dealer doesn’t own it then you can’t actually buy it from them. Remember the ownership documents are nothing of the sort - they are simply a record of a the registered keeper of the vehicle. You could hand a dealer £70k and get a worthless piece of paper in return. And it’s all perfectly legal and quite normal in financial circles.
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