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Who owns this van please?
swingaloo
Posts: 3,650 Forumite
Our friend had an accident in his van.
The van was being paid for on a loan. It was a write off.
The insurance company have paid the loan company a write off sum but it leaves a large defecit he still has to pay the loan company.
The van is still with the garage who wrote it off.
They have said that if it is not collected in 60 days they will be charging him for storage.
Who owns the van now?
How can he be charged storage for something written off?
The van was being paid for on a loan. It was a write off.
The insurance company have paid the loan company a write off sum but it leaves a large defecit he still has to pay the loan company.
The van is still with the garage who wrote it off.
They have said that if it is not collected in 60 days they will be charging him for storage.
Who owns the van now?
How can he be charged storage for something written off?
0
Comments
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It belongs to the insurer.
A salver will be appointed by the insurer and will collect it from the place it's currently stored.
Any correspondence should be passed directly to the insurer to deal with.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Thank you for the reply. he was just getting concerned about being charged for storage when clearly the van is no longer his.0
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Once he has given them the V5C, keys, MOT etc and they have settled the claim, his responsibility for the vehicle should have ended.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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