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I bought a car without checking HPI where do I stand?

Elliegrace18
Elliegrace18 Posts: 2 Newbie
in Motoring
I bought a car from a private seller and after having it for 1 and a half years I went into Ford tried to part exchange. They did a HPI check and the car has outstanding finance on it from a previous owner. I've rang the finance company and they're saying theres nothing they can do. The MOT is due and it wont pass as there is problems with the steering, windows, clutch and brakes. The car is cat D car and was previously written off. Where do I stand with this car. Can i scrap it?

Comments

  • waamo
    waamo Posts: 10,298 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    As the finance company own this scrap car and don't want to give you good title to it tell them to come and collect their scrap from your property.
  • oddjobbpb
    oddjobbpb Posts: 76 Forumite
    You OWN the car, the finance company have to give you good title - as long as you bought the car in good faith and paid approx market value for it.
  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    oddjobbpb wrote: »
    You OWN the car, the finance company have to give you good title - as long as you bought the car in good faith and paid approx market value for it.

    Agreed, the OP owns the car - they also own the debt now - best let them collect the car for you and hopefully that will be the end of it. Probably wont be though.

    How did you let the car get into that much dis-repair though.....if you had problems with the steering, windows, clutch and brakes it sounds like you should of stopped driving it a while ago or got them repaired.
  • undetterred
    undetterred Posts: 635 Forumite
    500 Posts
    Unlucccckkky...
  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    undetterred wrote: »
    Unlucccckkky...

    I disagree - lucky that they have had use of it for 18 months without the finance company knocking on the door after they have taken it away.
  • Elliegrace18
    Elliegrace18 Posts: 2 Newbie
    The problems all came at once and the repairs would be more than what I actually paid for the car... i stopped driving it two weeks ago after I took it to a garage!
  • System
    System Posts: 178,187 Community Admin
    10,000 Posts Photogenic Name Dropper
    foxy-stoat wrote: »
    Agreed, the OP owns the car - they also own the debt now


    They don't own the debt.
  • oddjobbpb
    oddjobbpb Posts: 76 Forumite
    Correct, the debt is not theirs, the car is theirs with clear title (eventually)
  • konark
    konark Posts: 1,260 Forumite
    It all depends on whether the finance is from reputable lenders or the pay-day loan sharks.
  • oddjobbpb
    oddjobbpb Posts: 76 Forumite
    Yes. If it's Hire purchase they will get good tile (eventually)

    If it's a 'log book loan' they won't.
This discussion has been closed.
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