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Buying a new car

MMM

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MMM Newbie

MMM

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I'm looking at buying a new car which is registered under a company name and has a lease with a bank. What would be the best process to reconfirm the lease has been settled and the person selling the car (Sole Director) has authority to sell this on behalf of the company? 

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MaleCortana Enthusiast

MaleCortana

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If lease is settled then there is a letter from the leasing company that should state that the lease is settled. If it's just one director in the company then he actually does have sole authority to sell the car, but there are some additional documents required that needs signing. ie: A Letter of No Objection with a company header etc.

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