Bought vehicle from a Small garage Finance AND catD repaired HELP

Saver1984

Hi people, i would really appreciate a little help and advice here. i "have" read through 4/5 posts already but they differ slightly from my situation.......

Last week i bought and paid for a car from a small garage, that was advertised as Cat-D damage repaired and was priced accordingly.
would be £20,000 rrp and a Cat-D is roughly 20% cheaper so (£16,000)
So i part exchanged my vehicle and paid part cash and part on card.

I did a HPI and the car came up WITH Finance left on it BUT not Registered damaged at all!!!!
when i mentioned this to the trader he said they just haven't updated the cars details yet, as he bought the car directly from a salvage/insurance company and repaired it himself, to then sell on.

So........ after checking, test driving, bargaining etc etc, i bought the vehicle and drove it away.
i got a receipt obviously, with the garage details, date, contact number etc and stating it's CatD repaired,
but over the weekend something was still niggling in the back of my mind so i looked over the HPI check which stated the finance company and contact number on there, so i gave them details of the previous owner on the logbook and said that person is selling me the car and a 5 minute call later im told....
"we still have interest in the vehicle as the finance is outstanding with this client"

so.................. what do i do? i called back the garage and he said dont worry he will call me back with more details but I've not heard anything back!
So do i just wait and hope the details get updated or SHOULD i do something?

Thanks for reading, all advice is appreciated!

waamo

Take a read of this thread https://forums.moneysavingexpert.com/discussion/5625768

Saver1984

Thanks, that "is" one of the posts i read before putting this up, but buying from a main dealer is one thing and buying private is another....

But where do i stand with a small car trader that telling me not to worry, when i've spoken to the finance company and they say it is an issue!?

Does anyone know how long insurance companies take?
Previou Posts say 5-8weeks but it was bought from the salvage company 6 months ago!

waamo

Here you go. The Hire Purchase Act http://www.legislation.gov.uk/ukpga/1964/53/section/27

As long as it was bought in good faith and you weren't made aware that there is finance on it you have good title.

I would, however, continue to engage in dialogue with the finance company.

arcon5

What's the catD gotta do with it

facade

arcon5 wrote: »

What's the catD gotta do with it

It should have been taken by the insurance company when they paid out, and disposed of as salvage.

The finance should have been paid at the time, but if there is a shortfall that might account for the interest, or if the owner got the money rather than the finance company?

It appears from the original post that the OP is concerned that it isn't actually a CAT D at all, but a vehicle just disposed of by the owner, that has finance on it- maybe there was no insurance, or the insurance wheedled out of paying anything??

Saver1984

Thanks for the replies and advice.
What is the next step i should take?

If it wasnt insured, or the insurance wheedled out of paying anything then what do i do, as the vehicle still has a marker on it stating finance is owed.

1. How do i get this marker taken off?
and
2. is this something i should inform the police of? as the garage have sold a vehicle with finance left on it and wont respond.

Thanks again

AdrianC

You were looking to buy a car.
You HPId it, the HPI said "finance".
The seller said "nah, it's fine"... and you believed them over the HPI.
Now you're surprised that the HPI was right...

waamo

Like I said earlier you need to talk to the finance company. They will probably want to conduct their own investigation.

david_a

If you bought it from a car dealer then they will be liable before you are.