Lloyds bank car finance fees

TadleyBaggie

Anzhelka wrote: »

i also rang them twice saying that i'm selling car and they said that it's fine if i have notified them.

It would be find if you duly settled the finance after the car was sold.

Anzhelka

BoGoF wrote: »

They may or may not reposess - that is not your concern.

Your problem is you sold something you had no right to and Lloyds have incurred costs tracing their asset which you are now liable for.

is not possible that the car sold to me was already repossessed from somebody and i'm paying their fees?

BoGoF

Your next steps are you pay the fee. Anything beyond that is not your concern.

TadleyBaggie

Begs the question why whoever "bought" the car didn't do an HPI check. If it was a company they probably thought you would settle the agreement.

You need to talk to the finance company ASAP.

Anzhelka

TadleyBaggie wrote: »

Begs the question why whoever "bought" the car didn't do an HPI check. If it was a company they probably thought you would settle the agreement.

You need to talk to the finance company ASAP.

I tried to reach them for 2 days now - all phones are out of the order, spoke even with their technical support - car finance numbers are not working

TadleyBaggie

Then write to them. Do they have a email address or even a Twitter account?

Anzhelka

BoGoF wrote: »

Your next steps are you pay the fee. Anything beyond that is not your concern.

i will pay the fees, it will be cheaper anyway rather than keeping that car.

Anzhelka

TadleyBaggie wrote: »

Then write to them. Do they have a email address or even a Twitter account?

No, there was just phone number, which doesn't work. what should i write to them? just explaining all situation ?

Anzhelka

also when I log in to my car finance account (this was suggested on the letter) - these fees are not showing there, is that suspicious?

Lucky_Duck_2

TadleyBaggie wrote: »

Begs the question why whoever "bought" the car didn't do an HPI check. If it was a company they probably thought you would settle the agreement.

You need to talk to the finance company ASAP.

Every time I have traded in a car the contract has stated that they will settle the finance fand that the difference between any outstanding allowance and the agreed px value will credited to the new purchase so I don't understand how the OP can have traded it in and continued with the payments unless they didn't own up to it being on HP and the garage didn't check.