Bill of sale agreement

chezza79

I bought a car a couple of years ago through a bill of sale agreement. The car broke down last week and the garage says it's past repair needs scrapping. The company say that I am liable for the outstanding 9 months payments even though I won't have a car. I thought I was signing a HP agreement and have never heard of a bill of sale can anyone help shed light in this area for me,

esmerobbo

I assumed a bill of sale was a promise to pay someone an amount on a certain date never heard it used to sell a car?

"A bill of sale is a legal document made by a 'seller' to a purchaser, reporting that on a specific date, at a specific locality, and for a particular sum of money or other "value received", the seller sold to the purchaser a specific item of personal, or parcel of real, property of which he had lawful possession. It is a written instrument which evidences the transfer of title to personal property from the vendor, seller, to the vendee, buyer"

I am sure someone well versed in financial matters will be along soon.;)