car finance advice needed

markeymark

my g/f's brother's fiance was selling her car, the guy who was buying it done a finance checkon it and it turns out that there is still outstanding finance on it!!! she bought this from parks of hamilton garage several years ago and had finance with black horse, which she paid off £15,000 in total

she went to the garage who sold her this and they are having nothing to do with it, she is up to high doe about it, she needed to sell it because she is emigrating to oz on monday!

anyone offer any advice as to where she stands legally etc??

thanks in advance

Rossy.

markeymark wrote: »

my g/f's brother's fiance was selling her car, the guy who was buying it done a finance checkon it and it turns out that there is still outstanding finance on it!!! she bought this from parks of hamilton garage several years ago and had finance with black horse, which she paid off £15,000 in total

she went to the garage who sold her this and they are having nothing to do with it, she is up to high doe about it, she needed to sell it because she is emigrating to oz on monday!

anyone offer any advice as to where she stands legally etc??

thanks in advance

She needs to ring Blackhorse and see if finance is still outstanding. You mention she had finace on it. Did she actually pay it all off?

You state she paid £15,000 in total but what was the actual contracted total payment in the agreement?

Without that info it's like saying i paid £8.99 for a £10 item. If it's owed it will have to be paid

harveybobbles

Qhen the bloke did the check on your Uncles, sisters, great aunties, next door neighbours, 2nd cousins car - who was the out standing finance with?

markeymark

just to confirm her finance was with black horse, which she has paid off fully, she doesnt know who the outstanding finance is with

forgotmyname

Did she get a letter saying the finance had been settled? I did with a car i purchased some time back.

If it was settled recently then it may not have been updated yet. Check credit file or speak to them directly.

harveybobbles

markeymark wrote: »

just to confirm her finance was with black horse, which she has paid off fully, she doesnt know who the outstanding finance is with

Righ - so who was the outstanding finance with? It'll tell you on the HPi report the bloke did. It'll also tell you a ref number too...

markeymark

she has the letter from her finance company telling her she has paid her finance off fully

unfortunately she hasnt provided me with the details of the company that the outstanding finance is with! she has been rushing about as she is going to oz today

surely if she bought in good faith from a reputable car dealer the ons is now back onto them?

forgotmyname

They wont buy it unless you can prove the finance was paid or get the company to update the records.

If they know the finance figure they may offer to buy it at a reduced costs. best to get it sorted your end really.

The original dealer sold the car to your friend on finance, I presume that is what is showing up on the HPI report?

Unless you can find out the correct details & see if the car already had a finance deal attached to it you wont be able
to sell it for decent money.

markeymark

forgotmyname wrote: »

They wont buy it unless you can prove the finance was paid or get the company to update the records.

If they know the finance figure they may offer to buy it at a reduced costs. best to get it sorted your end really.

The original dealer sold the car to your friend on finance, I presume that is what is showing up on the HPI report?

Unless you can find out the correct details & see if the car already had a finance deal attached to it you wont be able
to sell it for decent money.

yes it was original garage who sold car that is showing up on finance but they giving her the runaround

harveybobbles

If the car was bought from a garage with outstanding finance on then its the garages problem and they need to sort it.

forgotmyname

Can you get finance on a car that already has finance owing on it though? My guess is that the finance showing
is the loan taken out by your friend.

Paperwork just not been updated yet.