Bought car with finance on it

K4mil

So if I decide to sell it for parts should I pass V5 for next owner or sell it without documents? How does it work? Thanks

Cornucopia

There's some very questionable advice on this thread.

I would suggest:-

- You enjoy the car until such time as the situation is escalated by the finance company. (Ensure that your insurance company is aware of the true ownership of the car).

- Wait to see what the finance company want to do.

- Contact the seller to make them aware of the problem they have created, and to get their side of the story (maybe there has been a mistake?)

- Consider suing the seller for your losses.

- If there is substantial money outstanding on the car, then it is not yours, and you need to consider the implications if you dispose of it.

- If the outstanding balance is small, you might be able to pay it off and then the car will be yours to do with as you wish.

fatbelly

K4mil wrote: »

So if I decide to sell it for parts should I pass V5 for next owner or sell it without documents? How does it work? Thanks

You seem very keen to dispose of it? Is it really that bad a car?

Selling for parts implies it is a non-runner or MOT failure.

We've already established that your title (ownership) is protected. Or at least you have an argument in the event of a claim.