Hire purchase/ loans

re14796

Is there anyway you can check if there is a loan/ hpi/ lease attached to a car?

neilmcl

HPI check.

twhitehousescat

HPI will show normal loan etc , but seem to miss off logbook type loans

Mercdriver

twhitehousescat wrote: »

HPI will show normal loan etc , but seem to miss off logbook type loans

A normal bank loan will not show on a HPI as it is not secured on the car.

neilmcl

Mercdriver wrote: »

A normal bank loan will not show on a HPI as it is not secured on the car.

And as such wouldn't be a problem for someone buying the car anyway.

neilmcl

twhitehousescat wrote: »

HPI will show normal loan etc , but seem to miss off logbook type loans

An HPI check does search for logbook loans, at least that's what they say they do.

https://hpicheck.com/outstanding-finance-check

Mercdriver

neilmcl wrote: »

And as such wouldn't be a problem for someone buying the car anyway.

Indeed, which was my point.

jdm70

hi all i bought a car from a seller on ebay and within 24 hours i found faults ,I contacted the guy and within 1 week he came to take the car back to nottinghamshire for the repairs i live in leeds and he brought it up for me i paid delivery,Now my predicament is the garage is refusing to give my car back, unless i pay £500 i cannot afford that so i was wondering if i take a logbook loan,against the car and for some unknown reason i couldn't repay the payments ,
would they be able to go to the garage where the car is to take it?
and because there is a £500 outstanding debt for repairs on the car can the company still take it?
and that would mean ill be just left with dealing with £500 garage bill is that right?

a.turner

jdm70 wrote: »

hi all i bought a car from a seller on ebay and within 24 hours i found faults ,I contacted the guy and within 1 week he came to take the car back to nottinghamshire for the repairs i live in leeds and he brought it up for me i paid delivery,Now my predicament is the garage is refusing to give my car back, unless i pay £500 i cannot afford that so i was wondering if i take a logbook loan,against the car and for some unknown reason i couldn't repay the payments ,
would they be able to go to the garage where the car is to take it?
and because there is a £500 outstanding debt for repairs on the car can the company still take it?
and that would mean ill be just left with dealing with £500 garage bill is that right?

No one here is going to assist you in your fraud so I'd find another forum.

jdm70

its not fraud I'm getting a loan to pay my repair bills but asking if i cannot pay the loan what happens

fatbelly

jdm70 wrote: »

its not fraud I'm getting a loan to pay my repair bills but asking if i cannot pay the loan what happens

A logbook loan is secured against the car so if you miss payments they take your car. At the outset you give them your registration document and a set of keys so this normally happens quickly.

https://www.moneyadviceservice.org.uk/en/articles/logbook-loans

If the sale of the car does not cover the outstanding balance of the loan then what you are left with is an unsecured non-priority debt.

As an example if you borrow £500 you would repay around £1000 over 18 months