Car purchased privately not knowing still owes Finance. Please Help...

deanos

What does a "genuine" person look like

CHR15

The car is effectively a Stolen Car.

It wasn't the sellers car to sell. As soon as the buyer attempts to register the car in his own name, it will be reclaimed (perhaps other options offered to pay the outstanding amount).

It's unlikely the seller had only a small amount left to pay on the car to make it worth selling to some mug who isn't clever enough to spot the warning signs.

HPI checks can be done over the phone, simply take the number with you and ring them if you decide you want it.

This is entirely the fault of the buyer been ripped off £5,000 by a chancer. There is every chance he tried to sell on several occasions but the potential buyers were more savvy than this one and spotted his intention before walking away.

sarahg1969

Just because the finance is showing on HPI doesn't mean it's not been settled. I have seen searches that show finance on them, and when enquiries have been made it's an error.

Also, at the moment, you don't know if it is the seller who has taken out the finance on the vehicle, or that the seller was the RK or the owner of the vehicle, presumably?

You need to do some digging and try and track this bloke down. You also need the finance co to confirm that finance IS outstanding.