Right bit more info..
It’s come to the end of a 5 year lease 63 plate. It’s about 2-3k under the market value with no VAT hence I’m really interested. His new van arrives in about a month so I’m under no pressure and also his private plates are being transferred back first so needs a bit of time.
He’s open about the situation, there is £7200 left on the lease. Happy for me to pay the lease company direct and give him £800.
Apparently he could hand it back, however the lease he has has a condition that it goes to auction and he pays any deficit in the amount if it doesn’t reach what he owes on it. He’s wanting to bank £800 rather than be lumbered with an unkown bill if it doesn’t make £7200 at auction.
Seems really legit.
Thanks for the a suggestion of phoning the leasing company, that is good idea!
He’s also mentioned that he is currently waiting on the private sale paperwork so can’t sell it yet (possibly something the lease company send so the ownership transfers in this very situation).