Credit doesn't transfer though! That's why you do HPI checks on cars etc to confirm clear of credit.
If a machine has been purchased on credit then it it is still owned by the company providing the credit - if you give money to someone who has financed a machine on credit and take the machine away then the finance company are still the owner (and can repossess it). You then end up with no machine and no money!
I don't ever buy things on finance so I may be wrong on this, but surely any finance on a pinball machine will be a personal loan tied to the person not the item?
I don't ever buy things on finance so I may be wrong on this, but surely any finance on a pinball machine will be a personal loan tied to the person not the item?
if you've taken out a personal loan and then chosen to spend that money on a pinball machine then yes, but if you've financed the purchase of a particular item via the vendor (as you might do for a 'big ticket' item such as a car or a pinball machine) then the provider of the finance will have rights to that assets. Hence the whole system of HPI checks you can use when buying a car to check that the asset you are buying is fully owned by the person you are giving the money to, not a financing company. No such system us in place for pinball.