Motor Loan 27 December 2011 at 7:28PM in Reclaiming mortgage fees, council tax, etc 1 reply 982 views

Rich67_2

Hi all,

Just a quick question for you all

I purchased a second hand car from fiat on finance in 2009 I understood this was on hire purchase and have a hire purchase agreement signed by me (a copy). I went to hand the car back around 3 months ago under the halfs and thirds rule to be told I had a motor loan on the car.

After a few days of arguing and producing the hire purchase form thy produced a signed copy of a motor loan. They advised they did not know how I had a hire purchase form as these are not printed until you have been accepted.

So the question is do I just need to accept this as I signed the motor loan as I don't feel this was explained to me when I brought the car.

Cheers

Common_Sense_2

Rich67 wrote: »

So the question is do I just need to accept this as I signed the motor loan as I don't feel this was explained to me when I brought the car.

you need to accept the fact that you signed the documentation without reading / understanding what you were signing (motor loan documents won't have had the halves / thirds boxes).

It's not down to the finance company to hold your hand whilst signing legally binding documents. You may have a complaint against the dealer for not telling you it was a motor loan not a hire purchase as you were lead to beleive, but that would be your word against theirs and so very difficult to prove.

On the plus side - you own the car not them, so you can whatever you want with it (apart from VT it back to the finance company)