Selling Car after A/D from BR

dubiousone

Hi all. Could anyone please advise me on the following. I was A/D from BR this month, and was allowed to keep my car during BR after O/R interview. However, 12 months on I'm wondering whether it would be more economical to sell my car and lease one under (personal contract hire) as my car needs some work doing to it which could be costly. Where do I stand with regards to selling it? I'm going to do a HPI check on it to make sure it has been updated and no outstanding finance is showing on it. Is there any reason a HPI check would show outstanding balance or should it appear settled?

Thank you in advance for any help you can offer.

Cash_Waster

It depends if the car was purchased on finance. If so, have you finished paying it off? If not, then BR will not have wiped that amount out, the finance company would have surely took the car back.

dubiousone

Thank you for your reply. The car was on finance but not hire purchase contract, wgich is why I got to keep it. The O/R let me keep it as it was worth under £2000 and absolutely essential for work purposes. I paid a substantial amount of the finance back but had 12/18 months of 60 months left to pay.

Regards,

Dubiousone.

dojoman

So just to clarify, is the car paid for or not?

forgotmyname

Curious to know this, My sister got to keep a car that was still on finance but she cant sell it.

She tried to part ex for a smaller car 2 years after bankruptcy and the garage said its still on finance.

Was she meant to do anything about it? Was a long term finance deal from carcraft.

Not sure if the actual term is up yet?

Whoopy

I'm in a silimalar situation. Been discharged for nearly a year. Got to keep my car as was worth little, also the agreement was not hire purchase so it was the money not the car that I owed. Now 2 years on from becoming BR my car is on it's way out, would cost too much to repair plus needing tax, new exhaust as well.

Of course I cannot trade in as nobody will give me finance so need to sell. Will either have to be to a garage that pays cash for cars or (and I hate the thought) We Buy Any Car (hate the ad too!!!)

BUT, I do still have the worry that they may says the car is not mine and has outsdtanding finance although the agreement has been thoroughly checked and the finance company never demanded the car back at any point when I couldn't afford to pay.

Can anyone help please?

Whoopy

Hope you all don't mind, just bumping this in case anyone can help.

Thanks.

skylight

I sold a car recently that I included in my BR but was allowed to keep it. It was on a cash loan and not HP as I originally thought when I bought the car from a dealer. So the debt went into the BR pot and I was able to keep it (was surprised with that one!)

Nothing came up when the dealer I sold it to did a check. If the car is a not on a HP agreement, then nothing should come up anyway. I still worried about it for a bit though.

dubiousone

Hi all. Following my initial thread, I did a HPI check (£3.95) and it came back as not stolen, not written off, VIN number matched etc. However, no information on outstanding finance. I contacted the HPI check website and asked them why the report doestn't mention about finance and they came back with another website called www.checkthisreg.com if I want to check for finance. This costs £19.95. I haven't done the check on that site yet but will report back when I do. I must mention my car was NOT on HP but a credit loan, which is why I got to keep it, as I owned the car from the start, whereas HPI would have meant the company owned the car until I finished installments.

Regards,
DB

Whoopy

Thanks both. Mine was cash loan too and not on HP but have been a bit worried that when I go to sell it something might come up. Should be ok though. thank you

Doucam

My car was bought with a personal loan not HP, but it shows on HPI as a personal loan outstanding against it.

The company concerned have refused to remove it as they say it can't be registered on HPI as it's not an HP loan, and I can't sell it as it is showing as HP. The loan is included in the BR, so when I get discharged, and I do my clean up will it come off the HPI as well? Or will I have to fight to get it done, does anyone know?