Bought car but hpi check shows personal loan?

iainscomputer

You are free to sell the car, as the loan is not tied to the car. I bought a motorbike quite a few years ago, which had a personal loan linked to it on a hpi check.
On ringing the finance company, they said the seller is free to sell the bike.
I'm disappointed at all the incorrect advice being given on this thread! Especially one about the car being on a log book loan!

poppasmurf_bewdley

iainscomputer wrote: »

You are free to sell the car, as the loan is not tied to the car. I bought a motorbike quite a few years ago, which had a personal loan linked to it on a hpi check.
On ringing the finance company, they said the seller is free to sell the bike.
I'm disappointed at all the incorrect advice being given on this thread! Especially one about the car being on a log book loan!

Yes, I agree there. I can't see Santander doing log book loans.

ILW

iainscomputer wrote: »

You are free to sell the car, as the loan is not tied to the car. I bought a motorbike quite a few years ago, which had a personal loan linked to it on a hpi check.
On ringing the finance company, they said the seller is free to sell the bike.
I'm disappointed at all the incorrect advice being given on this thread! Especially one about the car being on a log book loan!

A personal loan would not show up on an HPI check though.

LittleMax

poppasmurf_bewdley wrote: »

Yes, I agree there. I can't see Santander doing log book loans.

Hands up for posting having only skim read the thread. I had not picked up on it being Santander. Had Santander not been named, the log book loan was not a ridiculous theory, but admittedly no they wouldn't do log book loans.

Touche

darren_clarke

how long did he own the car for, before selling

molerat

ILW wrote: »

A personal loan would not show up on an HPI check though.

some lenders are registering personal loans against the vehicle, very naughty of them but they are doing it.

ess0two

Building_Surveyor wrote: »

why did you not just complete the deal on ebay as advertised? there would have been some sort of protection then.

anyway no use now dwelling on shoulda woulda couldas.

Think the only way you will get answers is through santander.

More rubbish,no protection at all with car sales thru ebay.

securityman

ess0two wrote: »

More rubbish,no protection at all with car sales thru ebay.

Just what i was going to say, what like ebay giving you the money back.....Dream on.......Ebay say dont do deals outside Ebay because they lose the fee,s. Thats all its about to them. There Fee's

nelly12

molerat wrote: »

some lenders are registering personal loans against the vehicle, very naughty of them but they are doing it.

What absolute utter tosh! Explain how it is naughty?

It may be the case that a flag is put onto HPI to protect the customer in the event of the vehicle being stolen.

With a personal loan the title of the vehicle immediately passes to the consumer upon purchase. Unlike HP where an HPI flag indicates vehicle ownership a PL flag purely protects the customer not the finance house.

Any questions?

gb12345

Bobster64 wrote: »

I had a similar thing happen to me. I bought a car and didnt do a check at the time. I then became pregnant and needed to sell it for something bigger. When someone came to buy it they did a check and said it had outstanding finance. I contacted a site called called SPAMMY LINK DELETED and asked if they could give me advice. They told me that as long as it was not a logbook loan and the vehicle was bought in "good faith" then they advised me to contact the finance company and the seller. In the receipt the seller stated the car was from finance so all I needed to do was send a copy of the receipt to the finance company and they replied a week or so later to say I would not be persued for payment. It took a while to get the car removed from the hpi register but eventually I was able to sell the car without any problems.

Hope this helps.

Why would you go to such a dodgy site for advice and why have you posted about them so many times.

THey also seem to go to great lenghts to hide their identidy - no contact details on the web site and a hidden domain registration (which I've just reported to Nominet).