Car showing as having outstanding Finance

battenburg112

:mad: Can anyone help???? Bought a car from a dealer last year with cash, had an HPI check on it which came back showing Finance Outstanding from a previous owner, got in touch with Finance Company which said debt had been cleared and they would update system. Just been today to try and trade my car in for a new car and it still shows as finance owing so cannot trade it in. Finance Company said they wanted to know where the car was as they had now took the outstanding amount to Legal proceedings. Where do I stand now!!!!!!!

harveybobbles

If you bought it from a dealer then it's the dealers problem, not yours.

If you bought it private then i'd go bury it some where in a field, perhaps...

NickWarren_2

battenburg112 wrote: »

:mad: Can anyone help???? Bought a car from a dealer last year with cash, had an HPI check on it which came back showing Finance Outstanding from a previous owner, got in touch with Finance Company which said debt had been cleared and they would update system. Just been today to try and trade my car in for a new car and it still shows as finance owing so cannot trade it in. Finance Company said they wanted to know where the car was as they had now took the outstanding amount to Legal proceedings. Where do I stand now!!!!!!!

Did you get it in writing that the finance had been settled or just verbally over the phone?

battenburg112

Unfortunatley just took their word for it over the phone, checked if dealer had done an Hpi check at the time which they had even they had been told the same information by the finance company.

harveybobbles

It's the dealers problem then. They should have made sure it was clear before offering the car for sale.

NickWarren_2

I may be talking garbage but i would have also thought that the dealer would have checked wether there was any outstanding finance before taking the car on to sell?

If you get any hassle from the finance company then i would just point them in the direction of the dealer.

plane_boy2000

Think you may be stuffed. Its really your problem as they will come and repo the car from you. They wont go after the dealer that sold it to you.

You will then be left with no car and having to sue the dealer for your losses.

harveybobbles

Or go to the dealer before any of this happens...?

stumpjumper120

Think you may be stuffed. Its really your problem as they will come and repo the car from you. They wont go after the dealer that sold it to you.

You will then be left with no car and having to sue the dealer for your losses

please disregard the above statement. If you bought the car from a dealer you are not responsible. also if you bought the car privately then you are also ok as long as you can show you are innocent. ie car advertised, you did not know the seller and was unaware of any finance.
the finance co may ask you to complete a buyers quest with details of when/where.
send the finance co a letter asking for hpi to be removed and send as signed for letter