The car I'm trading in has flagged up a HPI check finance problem

marcosdjcm

shaun_from_Africa wrote: »

As I explained earlier, if there was HP finance outstanding when you bought the vehicle then provided that you made the purchase in good faith you are still the legal owner of the car.

Any remaining debt is a matter between the person who signed the finance agreement and the HP company.

Thanks

Do you think I need to contact the finance company about this? Or should I skip that part and arrange with a charity to have the car collected and broken down?

pocketslint

Never ask a question you may not want a particular answer to. To be honest, for something like a fiver, this is a question you should have asked when you first bought the car. I think you should consider yourself lucky, learn the lesson, and move on.

marcosdjcm

pocketslint wrote: »

Never ask a question you may not want a particular answer to. To be honest, for something like a fiver, this is a question you should have asked when you first bought the car. I think you should consider yourself lucky, learn the lesson, and move on.

That's not that helpful because this was my first car and without family support its easy to go out into the used car market on your own without all the knowledge. I live in the UK, you'd think a garage with a sign on the front with a trading name would be the one who'd spent the £5 on a check and wouldn't think to sell me a car that doesn't clear HPI.

Also, you haven't actually explained what you would do. "Move on" does that mean call the charity? Or abandon the car?

worried_jim

Just flog it on eBay or gumtree, you'll get more than the £30 at the scrap yard.

pocketslint

What 'worried jim' said. I take it you weren't a member of this site at the time, so it sounds as if you have 'moved on' already. If they were a reputable company they would have spent a fiver before they took possession of the car in the first place, as the garage has obviously just done to you.
Just a thought, but have you checked your own credit history on file is true and accurate? Taking things a face value is not an option.

jimjames

pocketslint wrote: »

Never ask a question you may not want a particular answer to. To be honest, for something like a fiver, this is a question you should have asked when you first bought the car. I think you should consider yourself lucky, learn the lesson, and move on.

If bought from a legitimate garage you wouldn't expect to check HPI outstanding.

marcosdjcm

pocketslint wrote: »

What 'worried jim' said. I take it you weren't a member of this site at the time, so it sounds as if you have 'moved on' already. If they were a reputable company they would have spent a fiver before they took possession of the car in the first place, as the garage has obviously just done to you.
Just a thought, but have you checked your own credit history on file is true and accurate? Taking things a face value is not an option.

I naively bought the car for under £1000 in cash as a first car 5 years ago. I have photos of the garage, based out of 2 small industrial units with a real sign.

My credit history is ok.

The reputable dealer that I was attempting to trade it into did do the HPI check as they are meant to. Hence how this surfaced.