log book loan - car bought with outstanding credit on it

tricky71

My brother has just had his car reposessed by log book loans because the previous owner had outstanding credit on it. He bought the car from a dealers after obtaining a personal loan for the purchase of a car from Barclays finance. What can he doto recover his money or car? He's really embarassed because it was taken in front of all his neighbours who are going to think he was the guilty party. the police wouldnt do anything to help surprise surprise!!

sarahg1969

Did HPI show the vehicle clear of finance?

cardinalbiggles

If he bought it from a dealers as far as I am aware the car is his, its the dealers responsibility to ensure there is no finance on the car. If it was a private sale its a different matter.

JCS1

I believe log book loans transfer ownership via a deed of sale, so it might not show on a HP check.

Their typical APR is a staggering 437%!!