We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Purchased a car (private) not knowing it had outstanding finance

Options
13»

Comments

  • Al44
    Al44 Posts: 21 Forumite
    just do a HPI check. then contact the HPI company and get their advice on what to do.
  • bobbymotors
    bobbymotors Posts: 746 Forumite
    If youve done an HPI check and its clear of finance then its clear of finance, the loan was on the person that took the loan and not on the car.

    So it makes no difference to anybody except the person who took the loan out as to whether the loan has been repaid or not.

    And
    that
    is
    that
  • javier127
    javier127 Posts: 15 Forumite
    Al44 wrote: »
    just do a HPI check. then contact the HPI company and get their advice on what to do.


    Hpi said it should be ok , especially where i have done multiple checks .
  • javier127
    javier127 Posts: 15 Forumite
    peachyprice wrote: »
    There's a difference between a personal loan which you then use to buy a car and finance secured against a car. If your seller has a personal loan that is not secured against the car it's none of your business whether he has paid it off or not.

    If it was a personal loan ? , yes it is none of my business , but on the sales invoice when the seller bought the car , it says balance paid by zuto finance , loan secured or not , i only have the sellers word as proof .

    There are 2 sides to the coin .
  • DoaM
    DoaM Posts: 11,863 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    Oh for goodness sake ... you have THREE finance checks all reporting as clear!
  • javier127
    javier127 Posts: 15 Forumite
    DoaM wrote: »
    Oh for goodness sake ... you have THREE finance checks all reporting as clear!

    Yes i went over the top , but RAC AND HPI told me on the phone an online vehicle check isn't 100% , but you can register for a guarantee which covers you upto £££££ .
  • NCC-1701
    NCC-1701 Posts: 530 Forumite
    500 Posts Third Anniversary
    javier127 wrote: »
    Yes i went over the top , but RAC AND HPI told me on the phone an online vehicle check isn't 100% , but you can register for a guarantee which covers you upto £££££ .
    You are over thinking this! It's sorted...forget it and move on!
  • bobbymotors
    bobbymotors Posts: 746 Forumite
    javier127 wrote: »
    Yes i went over the top , but RAC AND HPI told me on the phone an online vehicle check isn't 100% , but you can register for a guarantee which covers you upto £££££ .

    How many times? The loan is NOTHING to do with you whether its paid off or not makes NO DIFFERENCE to the car.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture