Forum Home» Consumer Rights

bought car with outstanding finance - Page 2

New Post Advanced Search

bought car with outstanding finance

edited 30 November -1 at 1:00AM in Consumer Rights
51 replies 4.2K views
2456

Replies

  • oddjobbpboddjobbpb Forumite
    76 posts
    as above ^^^^^^^^^

    If you bought the car at a fair market price in good faith and were unaware of the finance at that time, it's your car.
  • edited 17 June 2019 at 9:35PM
    TW1234TW1234 Forumite
    190 posts
    Fourth Anniversary 100 Posts
    edited 17 June 2019 at 9:35PM
    You do not acquire good title to a purchased item if the so called vendor did not have good title. Therefore the nature & content of the finance agreement is crucial to determine whether the vendor was able to sell it.

    If they did not, then the purchaser has sadly been defrauded and may have little prospect of recovering their money.
  • sofroniasofronia Forumite
    28 posts
    hi everyone, after a peaceful month the financial company came and hacked into the car's compauter and drove it away, without any lwtter before action or court order. we have reported to the police but got rejected.

    what can we do now???
  • waamowaamo Forumite
    9.8K posts
    Seventh Anniversary 1,000 Posts Name Dropper
    ✭✭✭✭
    It depends on what kind of finance was on it. You still haven't told us.
    This space for hire.
  • sofroniasofronia Forumite
    28 posts
    we have no idea at all, as the finance company has never provided us anything apart from a HPI report, no matter how mang tines we asked.
  • ThumbRemoteThumbRemote Forumite
    4.2K posts
    Ninth Anniversary 1,000 Posts
    ✭✭✭✭
    sofronia wrote: »
    hi everyone, after a peaceful month the financial company came and hacked into the car's compauter and drove it away, without any lwtter before action or court order. we have reported to the police but got rejected.

    what can we do now???

    It;s a stolen car. Report to the police again, and to your insurance.
  • sofroniasofronia Forumite
    28 posts
    police said it is a civil issue, they are not going to take action, ask us to deal with the finance company as we were informed by the finance company that the car has outstanding finace before it was being hacked in and drove away
  • sofroniasofronia Forumite
    28 posts
    but we have been told by citizen advice that the finance company has to have court order before they can reposes the car. just cant understand why police rejected us.
  • sofroniasofronia Forumite
    28 posts
    as this is down to the court to judge who now own the car, not finance company or us to say, so they cant just came over to our drive hack into the car computer and drove away without any pre-notice.

    we have provided all of our proof to them but they just refuse our proof and insisit the vehicle is bought under value. everyone can go online and have a online car valuation to obtain the market value of the vehicle, how come the finance company still can say it is under value. they just dont have any solid proof at all, aparting from threatening us by bringing us to court to repossess the vehicle.
  • neilmclneilmcl Forumite
    15.7K posts
    Tenth Anniversary 10,000 Posts Name Dropper
    ✭✭✭✭✭
    Did you do actually follow any of the advice earlier in this thread, such as writing to the finance company and stating that you purchased the car in good faith and have good title, or did you just ignore it for a month until it was repossessed?
Sign In or Register to comment.

Quick links

Essential Money | Who & Where are you? | Work & Benefits | Household and travel | Shopping & Freebies | About MSE | The MoneySavers Arms | Covid-19 & Coronavirus Support