Random question but one I haven't seen an answer for, so thought I'd ask!
I'd say everyone is aware and pretty careful about buying secondhand cars to check there is no outstanding finance. My understanding is that if you bought a car that had outstanding finance, it never actually was fully owned by the seller and the finance company can take the car off the buyer.
The recent thread 'does your watch cost more than your car" got me thinking. With watches costing as much as some cars and with 0% interest retail finance being so common...what happens if you buy a secondhand watch that someone has just taken out on finance and is using as a quick way to raise cash, or worse took the finance and has no intention to pay back once they have sold on the watch? Is this the same situation as a car?