📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

sold my car whilst on h/p to pay mortgage

nopottopisin
nopottopisin Posts: 4 Newbie
in Debt-free wannabe
i know its fraud but it was last resort,the car dealer never checked
and offered to buy

meant to be dropping it off tomorrow and collect money,will i go to jail if found out for fraud?

cheers
«13

Comments

  • Gordon_Hose
    Gordon_Hose Posts: 6,259 Forumite
    Debt-free and Proud!
    Probably not, but the dealer can sue you for his losses once the car is re-possessed by the HP company.
  • iolanthe07
    iolanthe07 Posts: 5,493 Forumite
    I doubt that you'll go to jail, but be prepared for a visit from the dealer and his burly mates when he gets round to running an HPI check!

    Seriously, the car is not yours to sell if it is on HP. You have committed fraud. If you have made more than half the payments then you may be able to hand it back. Why don't you get some advice on debt management from the CAB or one of the other debt charities?
    I used to think that good grammar is important, but now I know that good wine is importanter.
  • mrsb83_2
    mrsb83_2 Posts: 914 Forumite
    If the dealer went to the police then yes you could be arrested for fraud.

    Don't do it - it'll make things worse in the long run.
    Total Debt Sept 2010 - £24,132.38 / Current - £0.00/ 100% paid

    DFD - [STRIKE]Aug 2014[/STRIKE] 24th Aug 2012

    £10 a day // Jun - £64/£300 / Jul - £133/£310 / Aug - £281/£310
  • C_Mababejive
    C_Mababejive Posts: 11,668 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    What about next months mortgage...?
    Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..
  • walker123
    walker123 Posts: 56 Forumite
    Chances are they will have done an HPI check in the meantime, and will realise there is outstanding finance on it.

    I'd save yourself the hassle and not even bother. Speak to CAB/CCCS regarding your debt and come up with a more long term solution.
    Start (27 March 2012): £25,683.20
    Current (17 July 2012): £21,145.17
    Paid off: £4538.03 (17.7%)

    Debts cleared: 4 ... To go: 30
    Aim No 1: Get debt under £20k before October 12! :beer:
  • Gordon_Hose
    Gordon_Hose Posts: 6,259 Forumite
    Debt-free and Proud!
    And the family who lose their car and money because you're a selfish !!!!!?
  • poppasmurf_bewdley
    poppasmurf_bewdley Posts: 5,937 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    nopottopisin wrote: »
    i know its fraud but it was last resort,the car dealer never checked
    and offered to buy

    meant to be dropping it off tomorrow and collect money,will i go to jail if found out for fraud?

    cheers

    What do you mean 'if' you're found out for fraud. It's 100% certain you will be found out, and very, very quickly.

    You ask if you will go to jail - if you do, then the not so nice name you've given yourself will be a help - you'll have one in the corner of the cell!!!
    "There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock
  • geoffky
    geoffky Posts: 6,835 Forumite
    Coward!!!...Some poor sole is going to lose a car or money just so you can continue your lifestyle... how selfish is that? You are going to get caught at some stage so i hope it is sooner rather than later....sort yourself out as you need good financial advice.. phone debtplan or cccs.
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • DVardysShadow
    DVardysShadow Posts: 18,949 Forumite
    iolanthe07 wrote: »
    You have committed fraud
    No he has not committed fraud. He is on the cusp of committing fraud. The distinction is important to make, because he can walk away from making a mistake at any time up to swapping the keys for the cash.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • ineed
    ineed Posts: 4,432 Forumite
    Ninth Anniversary Combo Breaker
    DVardysShadow wrote: »
    No he has not committed fraud. He is on the cusp of committing fraud. The distinction is important to make, because he can walk away from making a mistake at any time up to swapping the keys for the cash.

    Good point. And if this person has an ounce of common sense that is exactly what they will do.
    I SUPPORT CAT RESCUE! Visit Cat Chat to support cat rescue too.

    One can pay back the loan of gold, but one dies forever in debt to those who are kind. ~Malayan Proverb
    Always forgive your enemies; nothing annoys them so much ~ Oscar Wilde
    No excellent soul is exempt from a mixture of madness ~ Aristotle
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.4K Banking & Borrowing
  • 253.3K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.4K Work, Benefits & Business
  • 599.6K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture