Car finance oweing

[kojak]

My son has a van which he paid £3800 cash for nearly 2 years. We will have HPI'd it at the time, but he now has a letter from a finance company saying there is finance on it. If not paid, the van will be taken away. The garage we bought it from is closed till monday but my question is. If there is fiance oweing on the van, which is nothing to do with my son, would it normally go nearly 2 years before anything happens?

[icebite78]

Hhmm obviously monday morning i wouldbe at the dealers doorstep.
2years does sound like a long time could be a scam but dealer should know the ins outs and if the dealer is still there 2 years on i coud just b an error on their behalf i would be more worried if they had gone and tis letter came.
Would'nt worry too muchas the dealer is liable for the finance to be cleared before sale.If you done a hpi at the time it would definately show up.

[Animala]

Did you retain any proof of the check?

Edited by Animala on Saturday 11th December 15:58

[kojak]

The dealer is still there.

We have no proof of the HPI check when we bought the car and cnat remember anyway but I cant see us buying it without checking. We always check when we buy a vehicle so we'll have done it for the van.

[kojak]

Animala said:

Did you retain any proof of the check?

Edited by Animala on Saturday 11th December 15:58

The check will have been the print out off the computer to the main site used by garages. Not one we paid for.

[Animala]

kojak said:

Animala said:

Did you retain any proof of the check?

Edited by Animala on Saturday 11th December 15:58

The check will have been the print out off the computer to the main site used by garages. Not one we paid for.

Oh, it was one of "those" checks

[davepoth]

Have you done an HPI today to check that the finance company are right?

[kojak]

davepoth said:

Have you done an HPI today to check that the finance company are right?

Yes. Its shown as Mallard Finance

[Animala]

kojak said:

davepoth said:

Have you done an HPI today to check that the finance company are right?

Yes. Its shown as Mallard Finance

Is that a subprime company? caus if so prepair for a world of bullst

[kojak]

Animala said:

kojak said:

davepoth said:

Have you done an HPI today to check that the finance company are right?

Yes. Its shown as Mallard Finance

Is that a subprime company? caus if so prepair for a world of bullst

Dont know.

http://www.mallardvehiclefinance.co.uk/

[Animala]

kojak said:

Animala said:

kojak said:

davepoth said:

Have you done an HPI today to check that the finance company are right?

Yes. Its shown as Mallard Finance

Is that a subprime company? caus if so prepair for a world of bullst

Dont know.

http://www.mallardvehiclefinance.co.uk/

LOL when a homepage looks like somthing made in a year 6 IT class then it usually signifies a subprime company. It might not be soo bad considering you had nothing to with the finance and signed no finance based documents. How it's gonna play out now is mostly down to the dealership....

[kojak]

If there is finance oweing, and it looks as though it is, is it the garage's responsiblilty to sort it out, or ours? Can the garage say 'nothing to do with us'.

[Animala]

kojak said:

If there is finance oweing, and it looks as though it is, is it the garage's responsiblilty to sort it out, or ours? Can the garage say 'nothing to do with us'.

When you said the car was checked by the dealership from the main system, did you get any paperwork towards that atall or pay any fees for it?

Also, is it a small independent dealership?

Edited by Animala on Saturday 11th December 16:37

[Emubiker]

I'm currently going through the same issue (Logbook loans) have been argueing for the last 4 months r so as in April a judge rulled that you can infact buy a car in "good faith" with finance owing on t and not be liable to either pay back the money owed by a previous owner or give up the car. I can't remember the exact case for it but simple search brings up the details. I am now awaiting confirmation that I am free to do as I please with the car again as Logbookloans are now seeking to appeal the above case and untill they win it they have no force over what I do with the car.
The law basically changed in April but no-one really knew about it untill you d some real digging (having a girlfriend as a law student helped).

Ben

[kojak]

Animala said:

kojak said:

If there is finance oweing, and it looks as though it is, is it the garage's responsiblilty to sort it out, or ours? Can the garage say 'nothing to do with us'.

When you said the car was checked by the dealership from the main system, did you get any paperwork towards that atall or pay any fees for it?

Also, is it a small independent dealership?

Edited by Animala on Saturday 11th December 16:37

The garage is a big concern.

http://www.broadwaymotorcompany.co.uk/

We didnt pay for and HPI. We cant find the print out if it was given to us. We WOULDN'T have bought it without at least seeing it.

[jeff666]

It sounds like you guys have done nothing wrong, made the right checks etc, i would be looking for a
nice van sized hiding place until it all blows over and is sorted, the finance company will take the vehicle 1st and ask questions later.

Good luck with it.

[Animala]

kojak said:

Animala said:

kojak said:

If there is finance oweing, and it looks as though it is, is it the garage's responsiblilty to sort it out, or ours? Can the garage say 'nothing to do with us'.

When you said the car was checked by the dealership from the main system, did you get any paperwork towards that atall or pay any fees for it?

Also, is it a small independent dealership?

Edited by Animala on Saturday 11th December 16:37

The garage is a big concern.

http://www.broadwaymotorcompany.co.uk/

We didnt pay for and HPI. We cant find the print out if it was given to us. We WOULDN'T have bought it without at least seeing it.

Ok this really should work in your favor, being a big company they should be willing to help out a former customer (especialy considering they may very well be the ones in fault with a bogus HPI check).

To be fair though subprime finance companies are pure scum, it could be that the van did at one point have finance on it but was taken care of and now they're just trying to play you.

Did it say how much was still owed on the van?

[kojak]

Animala said:

kojak said:

Animala said:

kojak said:

If there is finance oweing, and it looks as though it is, is it the garage's responsiblilty to sort it out, or ours? Can the garage say 'nothing to do with us'.

When you said the car was checked by the dealership from the main system, did you get any paperwork towards that atall or pay any fees for it?

Also, is it a small independent dealership?

Edited by Animala on Saturday 11th December 16:37

The garage is a big concern.

http://www.broadwaymotorcompany.co.uk/

We didnt pay for and HPI. We cant find the print out if it was given to us. We WOULDN'T have bought it without at least seeing it.

Ok this really should work in your favor, being a big company they should be willing to help out a former customer (especialy considering they may very well be the ones in fault with a bogus HPI check).

To be fair though subprime finance companies are pure scum, it could be that the van did at one point have finance on it but was taken care of and now they're just trying to play you.

Did it say how much was still owed on the van?

No. It doesnt mention what is oweing. We need to ring them to find out Monday.

[Mojooo]

Under the Consumer Credit Act 74 (and an old Hire Purchase Act)

The first buyer to a car that has bought it IN GOOD FAITH can retain title. The finance company will then have to pursue the original buyer.

However I am unsure if this will apply if you have bought the van as a company for business use.

[Animala]

kojak said:

Animala said:

kojak said:

Animala said:

kojak said:

If there is finance oweing, and it looks as though it is, is it the garage's responsiblilty to sort it out, or ours? Can the garage say 'nothing to do with us'.

When you said the car was checked by the dealership from the main system, did you get any paperwork towards that atall or pay any fees for it?

Also, is it a small independent dealership?

Edited by Animala on Saturday 11th December 16:37

The garage is a big concern.

http://www.broadwaymotorcompany.co.uk/

We didnt pay for and HPI. We cant find the print out if it was given to us. We WOULDN'T have bought it without at least seeing it.

Ok this really should work in your favor, being a big company they should be willing to help out a former customer (especialy considering they may very well be the ones in fault with a bogus HPI check).

To be fair though subprime finance companies are pure scum, it could be that the van did at one point have finance on it but was taken care of and now they're just trying to play you.

Did it say how much was still owed on the van?

No. It doesnt mention what is oweing. We need to ring them to find out Monday.

Best thing to do for now.