swapped my car for another one and it turns out it still has outstanding finance

lozashkev

wat do i do can anyone help me with this

CLAPTON

perhapa a little more detail would be useful

~Brock~

Did you get it from a dealer or privately?

lozashkev

i go onto a swapz site and well its basically wat it says, so i swapped my car for this car now and was about to sell the car on but was then told its got outstanding finance, i have rung the finance comapny who want my details, but i'm bit warey of giving that information out as worried they will come and take this car back and i'll be out of pocket and without a car, i have spoken to the person i got it off and the finance wasn't in his name either he is a straight guy he has even been onto the finance company and givin out his details for the questionaire they want mine aswell shall i give it to them? wat else can i or should i do

blueye

found this.
A car bought on hire purchase or conditional sale belongs to the finance company until the payments have been completed. If you buy such a car, the lender can take it back. You can sue whoever sold you the car, but only if you can find them.
There are only a few exceptions to this. If you were not aware the car was subject to an outstanding hire purchase agreement and bought it in good faith, you may be allowed to keep it

lozashkev

thanks for that

ILW

Watch out if its Log Book Loans.