repossessed car

DVardysShadow

gordikin wrote: »

Surely if the car is damaged the finance company have the right to recover their losses on a subsequent sale from the purchaser?

Illuminating comment. Of course, if they 'scrap' it, the loss will be almost total. But if it has a life after being scrapped, someone will make a fine profit at the expense of the OP's son.

toffe

gordikin wrote: »

Surely if the car is damaged the finance company have the right to recover their losses on a subsequent sale from the purchaser?

the reason i'm asking for more info on the agreement and how much had been paid is because the op says her son "had not even paid half" this may be the case but what about one third?

because if one third had been paid and no court order was obtained then the creditor is entitled to nothing and it is infact the op's son who, under section 96 (off the top off my head, might be section 95) of the consumer credit act 1974 is entitled to all sums paid toward the agreement to be returned to him.

but unless the op returns with more info we may never find out.

toffe

well, nothing for two days, looks like another deserted thread...

so very few threads ever reach a conclusion do they.........