outstanding finance on car bought by ex

mrgibbson

Didn't you include the car in your divorce papers/calcs?

Was he asked about this and conceel the information to your solicitor? It should have formed part of the settlement?

euronorris

ilikestuff_123 wrote: »

i have thought about declaring it sorn but the money would really help finance my travel plans.

thanks again for your comments

You're welcome.

Might be better to wait a while and save up for the travelling. I just see a headache with trying to sell it.

Fiddlestick

euronorris wrote: »

From what I could see elsewhere, insurance would not legally be required for a SORN car, so long as it is kept in a garage, or off-street.

Legally yes, but it's likely to be a condition of the HP agreement that the driver holds fully comprehensive insurance cover as they will want to get their money back if the vehicle is stolen whilst SORN'd.

viktory

Take the five grand he is offering.

Fiddlestick

viktory wrote: »

Take the five grand he is offering.

Assuming he agrees to pay off the HP - it's not her car to sell at the moment.

euronorris

Fiddlestick wrote: »

Legally yes, but it's likely to be a condition of the HP agreement that the driver holds fully comprehensive insurance cover as they will want to get their money back if the vehicle is stolen whilst SORN'd.

I did suggest, in the same post, that the OP should still insure it against fire and theft.

viktory

Fiddlestick wrote: »

Assuming he agrees to pay off the HP - it's not her car to sell at the moment.

Of course.

Fiddlestick

euronorris wrote: »

I did suggest, in the same post, that the OP should still insure it against fire and theft.

Sure, but that that wouldn't be sufficient if the HP agreement mandates fully comprehensive insurance.

vaporate

ilikestuff_123 wrote: »

Hi there,

i've been struggling to find any advice regarding my problem so thought i'd try here...hope its ok!

I am wanting to sell my car that was bought by my ex husband about 3 years ago. I am selling it privately for £7500. Last week I was contacted by a prospective buyer and found out that there is outstanding finance on the car.

what would of happened if i'd sold the car?

I contacted the ex and he confirmed this and that £6000 is still owed on the car. I am the registered owner. He said he will not pay the finance off(although will continue to pay whatever amount he does pay), and would give me £5000 for the car as that is all its worth.

He is also threatening to stop paying the finance and then the car would be repossessed?

There was no legal documents drawn up, it was just agreed that he would buy me the car (post divorce).

any advice would be much appreciated or any websites that are more suitable for this area

many thanks

LOL.

Considering its not yours either way. Not earned anyway