Lloyds bank car finance fees

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marty2be2000 Posts: 205 Forumite

10 January 2018 at 8:56AM
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How long ago did you sell the car?

When you sold the car, any money you got for it should have been paid to the finance company plus any shortfall between what you sold it for and the settlement figure provided.

Since you have sold an asset which is secured against the loan agreement, and not payed the agreement off in full at the same time this is where the problem lies.

When you contact Lloyds they may well want not only the £1K fee paid, but also the full remaining balance on the agreement.

Or Lloyds have already repossessed the car and you may also find the dealer you sold the car too is also going to be chasing you for their money back.

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Lloyds bank car finance fees

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