Paid Deposit on Car - Turns out it has Outstanding Finance

spacey2012

The worst case could have been the OP got the car taken off them only to find the dealer had done a LTD company fly by night bunk.

I must wonder what would have happened if they had not done a HPI.

atrixblue.-MFR-.

spacey2012 wrote: »

The worst case could have been the OP got the car taken off them only to find the dealer had done a LTD company fly by night bunk.

I must wonder what would have happened if they had not done a HPI.

now the finance company knows it been sold no doubt they would either pay a visit to the dealership to take it back, or just put a marker on it as stolen and wait for the police to pick it up.


either case OP would be out of pocket if the dealership did a bunk.


plus his costs of insuring it taxing etc.

Ferdasyn

I’ll leave it til the end of the day, apparently they are going to call me back. If no further progress (after 5 days) I will tell them I don’t have the time to wait and would like my deposit back.
They were more than happy to sell me the car, insisting it was HPI clear, yet they sounded so surprised when I informed them of the Santander Consumer Finance agreement – it makes me wonder what HPI Check they used (if any).

bigjl

spacey2012 wrote: »

The Finance company will only clear the HPI entry when they are paid in full.
Without knowing the value, it could be £5k + the OP is better demanding the deposit is returned as the garage tried to sell a car they have no title to.

OP Lucky escape by doing a HPI, never trust a car dealer !

More iffy advice from Spacey

When you buy a car from a proper dealership you gain goos title.

Any debt would stay with the car dealership.

This is merely a paperwork delay whilst the finance is cleared.

Can take a day or up to a week for the hpi database to be updated.

Which is why somebody can get a logbook loan then quickly sell the car and it will show up clear.

A database is only as good as the info fed into it.

This is an extremely common occurance and nothing to be concerned about.

Unless it is a dodgy back street dealer who might disappear overnight.

As far as the internet lawyers screaming breach of contract! Really?:rotfl:

bigjl

Ferdasyn wrote: »

I’ll leave it til the end of the day, apparently they are going to call me back. If no further progress (after 5 days) I will tell them I don’t have the time to wait and would like my deposit back.
They were more than happy to sell me the car, insisting it was HPI clear, yet they sounded so surprised when I informed them of the Santander Consumer Finance agreement – it makes me wonder what HPI Check they used (if any).

They would have used the online system in the office which is trade only.

It is also likely more accurate than the one you had done.

When they bought the car in they would have settled the finance agreement. In all likelyhood part of the balance was carried over into this persons new car finance agreement.

bigjl

atrixblue.-MFR-. wrote: »

now the finance company knows it been sold no doubt they would either pay a visit to the dealership to take it back, or just put a marker on it as stolen and wait for the police to pick it up.


either case OP would be out of pocket if the dealership did a bunk.


plus his costs of insuring it taxing etc.

Why are you assuming the dealer is at fault?

They have live access to the hpi database or equivalent

The car would have been hpi'd when it was purchased or traded in.

This is the finance company dragging their feet.

They are the only ones that can remove the finance marker from the vehicle.

Ferdasyn

Thanks for the helpful replies.

Just had a text from the salesman there - he says 'Hi, we have clearance. Just waiting for confirmation now from Santander. Car was sold via a main dealer who failed to settle agreement.'

I asked if he has any idea when I could have that in writing and he said 'The is down to Santander now I'm afraid.'

spacey2012

bigjl wrote: »

More iffy advice from Spacey

When you buy a car from a proper dealership you gain goos title.

Any debt would stay with the car dealership.

This is merely a paperwork delay whilst the finance is cleared.

Can take a day or up to a week for the hpi database to be updated.

Which is why somebody can get a logbook loan then quickly sell the car and it will show up clear.

A database is only as good as the info fed into it.

This is an extremely common occurance and nothing to be concerned about.

Unless it is a dodgy back street dealer who might disappear overnight.

As far as the internet lawyers screaming breach of contract! Really?:rotfl:

Can anyone actually read this ?

Mark_Mark

spacey2012 wrote: »

Can anyone actually read this ?

Yes, if you can't maybe a responsible adult could assist you!

spacey2012

In that case I appoint you his responsible adult.
You can correct his incoherent ramblings .