Hi,

I'm looking to buy a car from a private seller, but there's a registered security against it (his house apparently). He was honest and forthcoming with the information and seems an honest chappy.

He says he's talked to the bank and when he buys his new ute he can swap out the old car with the new one as the registered security. However he plans to buy the new ute with money from the sale of the old car so doesn't want to make the switch till some time after the sale.

Doesn't sound the best to me, but he seems honest and I'm keen on the car. Can anyone suggest a solution?

Cheers in advance