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General => General discussion => Topic started by: cubz on 31 May 2012, 10:50
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im looking at car on sunday and just hpi checked it, it came back with outstanding finance but since finance was taking out car has had change of owner, i have phoned some company that is going to trace it back and see if it can be cleared or not but wont tell me name of the finance company so i can phone them direct.
whats people thoughts on this?
car had finance taking out on july 11 and new owner purchased car in october 11?
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*Why don't Used Car Expert check for outstanding finance?
Provided you get a receipt from the car seller, whether they are a dealer or private individual, there is no reason to lose your car as a result of someone else's outstanding finance.
The Consumer Credit Act 1974 gives ‘good title’ to the innocent private purchaser of a car which later turns out to be subject to a claim by a finance company because of a previous, unpaid hire-purchase agreement. This means that the finance company is not entitled to repossess the car from you.
A dealer is obliged under Sale of Goods Act 1979 and the Consumer Credit Act 1974 to check that a car is not subject to a finance agreement before they sell it (unless they describe it in the advert as having outstanding finance).
what does people think of the above???
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Dont touch it.
It belongs to the finance company till its paid off.
If you buy it. They will come and take it. You will be left with no car, no money and no leg to stand on.
There are plenty of other cars out there.
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Dont touch it.
It belongs to the finance company till its paid off.
If you buy it. They will come and take it. You will be left with no car, no money and no leg to stand on.
There are plenty of other cars out there.
This is the safe option. Get back on pistonheads/autotrader :grin:
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wouldnt go near it plenty more out there :smiley:
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Dont touch it.
It belongs to the finance company till its paid off.
If you buy it. They will come and take it. You will be left with no car, no money and no leg to stand on.
There are plenty of other cars out there.
this is true... although how do they find the car?
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Dont touch it.
It belongs to the finance company till its paid off.
If you buy it. They will come and take it. You will be left with no car, no money and no leg to stand on.
There are plenty of other cars out there.
this is true... although how do they find the car?
I presume through the same way debt collectors etc do
I personally wouldnt touch a car with outstanding finance as said above im pretty sure the car belongs to the finance company until the finance is settled ?
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Dont touch it.
It belongs to the finance company till its paid off.
If you buy it. They will come and take it. You will be left with no car, no money and no leg to stand on.
There are plenty of other cars out there.
this is true... although how do they find the car?
Much in the same way they find you for a parking fine. :rolleyes:
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Dont touch it.
It belongs to the finance company till its paid off.
If you buy it. They will come and take it. You will be left with no car, no money and no leg to stand on.
There are plenty of other cars out there.
this is true... although how do they find the car?
Much in the same way they find you for a parking fine. :rolleyes:
Why has the finance company not found the car then :rolleyes:
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Dont touch it.
It belongs to the finance company till its paid off.
If you buy it. They will come and take it. You will be left with no car, no money and no leg to stand on.
There are plenty of other cars out there.
this is true... although how do they find the car?
Much in the same way they find you for a parking fine. :rolleyes:
Why has the finance company not found the car then :rolleyes:
Where does it say that they are looking for it?
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Dont touch it.
It belongs to the finance company till its paid off.
If you buy it. They will come and take it. You will be left with no car, no money and no leg to stand on.
There are plenty of other cars out there.
this is true... although how do they find the car?
Much in the same way they find you for a parking fine. :rolleyes:
Why has the finance company not found the car then :rolleyes:
Where does it say that they are looking for it?
Where does it say that they are not?
Its a simple questionn. If you do not know, then say "i do not know".
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Dont touch it.
It belongs to the finance company till its paid off.
If you buy it. They will come and take it. You will be left with no car, no money and no leg to stand on.
There are plenty of other cars out there.
this is true... although how do they find the car?
Much in the same way they find you for a parking fine. :rolleyes:
Why has the finance company not found the car then :rolleyes:
Where does it say that they are looking for it?
Where does it say that they are not?
Its a simple questionn. If you do not know, then say "i do not know".
Well, you are making an assumption based on nothing. I am stating a fact.
The OP does not state in his post that the finance company are looking for the car.
And seeing as that's all you and I have to go on, then I think I'm correct.
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current owner of car has taking no finance out but previous owner did and still has a marker against car however hpi check company says that it may be paid off but they dont know for sure and will try find out for me and get it cleared...
current owner says he bought it from garage but i havent spoke to him about the marker on car as he might not know adn is working..
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back up here... I asked how do they find the car?
You answered that with "how do you know they are looking for the car?" :huh:
Like I said.. if you do not know. then hush. Its a pretty fair assumption that if they own the car then they would want it back and employ some means to find it.
Do you know for a 'fact' they are not looking for the car? :smiley:
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current owner of car has taking no finance out but previous owner did and still has a marker against car however hpi check company says that it may be paid off but they dont know for sure and will try find out for me and get it cleared...
current owner says he bought it from garage but i havent spoke to him about the marker on car as he might not know adn is working..
would still walk away its not worth the risk :smiley:
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back up here... I asked how do they find the car?
You answered that with "how do you know they are looking for the car?" :huh:
Like I said.. if you do not know. then hush. Its a pretty fair assumption that if they own the car then they would want it back and employ some means to find it.
Do you know for a 'fact' they are not looking for the car? :smiley:
No I didn't. Mani you need to go back and read the posts.
Dont touch it.
It belongs to the finance company till its paid off.
If you buy it. They will come and take it. You will be left with no car, no money and no leg to stand on.
There are plenty of other cars out there.
this is true... although how do they find the car?
To which I replied......
Much in the same way they find you for a parking fine. :rolleyes:
You then said.....
Why has the finance company not found the car then :rolleyes:
Which is an assumption by you that they are looking for it.
I say again, the OP has not stated that they are looking for it.
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LOOL
Well if they arent looking for it, they are now LOOL! :evil:
Wouldn't touch it with a 20ft barge pole!
There could be back interest upon it very grey if you arent dealing with the finance company direct!
Plus its possible due to so many change of hands the finance company could never track it down?
:undecided:
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Much in the same way they find you for a parking fine. :rolleyes:
OK lets make this a little simpler... assuming they are looking for the car. How do they find it? Lets imagine I have never heard of 'parking' and 'fine'. How do they physically locate the car?
Thats all I am wanting to know.
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DVLA?
Actually possibly probably maybe what happens:
Finance company rings DVLA:
"hi we are the finance company ****, we own car with registration *****, here are the documents to prove it. Where is it?"
I thought DVLA also although the registration would be in the current owners name so they may not release the information to a finance company unless there was a court order, not sure
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Much in the same way they find you for a parking fine. :rolleyes:
OK lets make this a little simpler... assuming they are looking for the car. How do they find it? Lets imagine I have never heard of 'parking' and 'fine'. How do they physically locate the car?
Thats all I am wanting to know.
I see your logic there, but if the finance company keeps getting an old registered owners details it would be hard to find the car. But if the interest or finance gets to a certain level they can enforce the police to look out for it on the reg data bases.
Now all it would take is the new owner to keep at the registered address then the finance company would be informed and they could pick it up. Or the police stop you for something and the reg comes up with whatever mark it has and pull the driver. Its entirely possible the new owners of the car have been connecting in some way and not correctly informed the DVLA of its actuall address so essentially I wouldn't touch it with a barge pole :lipsrsealed:
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If the previous owner is paying the agreement then you may never have any trouble. You will not own the car (despite paying for it) - until the agreement is paid off (assuming it is not a lease/buy agreement).
If the previous owner has paid the agreement off it should be HPI clear. Oct 11 to now is a long time.
If the previous owner has defaulted the finance company will need a possession order. That lakes lawyers and court time - probably months and maybe a year. Then a bailiff has to be booked who will search for the car. First stop I expect will be DVLA and I fully expect they will hand over all the details for £5. Then the bailiff will turn up with a tow truck. The original buyer remains liable for any outstanding costs. Your car gets taken and you are left with nothing.
Like the others said - move on. Unless you can get written conformation from the finance company that it no longer has an interest in it - I would keep that letter locked safely away for obvious reasons.
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if the seller is saying in the ad that its got outstanding finance then they are very honest and just hoping that some mug takes the carrot would you buy a house if one of the walls had fallen down and everyone could see right in to your bedroom or would you say well its still got 3 walls left... no same as a car with finance its just not the done thing there are thousands of the same car around and just to be safe leave it well alone as others have said
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If the car has outstanding finance on it then technically it’s not the registered keepers to sell and as such you should request that the person who has the finance gets a settlement figure from the finance company. If the price of the car is more than the amount owed on it you would if you do decide to buy the car pay the outstanding finance back to the company and the rest to the seller !
Personally I wouldn’t touch it !
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I love cars with outstanding finance. they are supremly optimal braker cars
use it to beat the price right down into the weeds so you pay next to fk all for it. then strip it for bits, if the bailfs come looking for it they are welcome to take it as you'll have had at least 14 days to remove all the goodness from the shell, allways put the shells awiting scrap somewhere inaccsesable for a lorry so if they do try and fetch you can demand £600 cash to tow it out
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I love cars with outstanding finance. they are supremly optimal braker cars
use it to beat the price right down into the weeds so you pay next to fk all for it. then strip it for bits, if the bailfs come looking for it they are welcome to take it as you'll have had at least 14 days to remove all the goodness from the shell, allways put the shells awiting scrap somewhere inaccsesable for a lorry so if they do try and fetch you can demand £600 cash to tow it out
This^, finance companies are ruthless cnuts anyway so show no mercy and make some cash.
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and how the f**k are you going to get a car down the f**king stairs :laugh: thats the best iv heard in a while
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take it apart and rebuild it in your bedroom :cool:
thats what lego is for :grin:
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and how the f**k are you going to get a car down the f**king stairs :laugh: thats the best iv heard in a while
Sideways..durrrr.. :grin:
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mam dont put the hoover over yet i got to get the car out ffs
im going back on holidays :grin:
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and how the f**k are you going to get a car down the f**king stairs :laugh: thats the best iv heard in a while
build an evo in you house and give it to me if you want to see how to get it out* :evil:
* house may get trashed in the prosses
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i keep my bike indoors to but there is a bit of a difference with a car :grin:
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I keep furniture and stuff in my house just to be different.
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I keep furniture and stuff in my house just to be different.
i really lol'd at that :grin: :grin: :grin: :grin: :laugh:
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wolverine fair do's you come out with some crazy stuff dude you would make great entertainment im sure no offense to you intended at all but it was asked for with the reply you give :kiss: :cool:
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right got hold of owner and told me that finance is his and he will use money that i buy car with to pay off debt on car. when i asked how much he owed as i could pay this direct to finance company and give him what is left he refused and said he needed me to give him the cash and he would pay it off himself.
so needless to say iv told him to ram it just hope no one else buys the car from him....
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right got hold of owner and told me that finance is his and he will use money that i buy car with to pay off debt on car. when i asked how much he owed as i could pay this direct to finance company and give him what is left he refused and said he needed me to give him the cash and he would pay it off himself.
so needless to say iv told him to ram it just hope no one else buys the car from him....
put a link up to the car
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cant find link think owner of car has deleted it anyways it was a red ASTRA VXR SP55FNJ
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After 5 pages, u tell us it's a astra!!!
Ohhh mannnnnn
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No way!, i wasted proper funny on a thread about a f**kcing vauxhall..... :angry:
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I'm confused, it's taken five pages after the golden bullet Mike posted, as the first response:
Dont touch it.
It belongs to the finance company till its paid off.
If you buy it. They will come and take it. You will be left with no car, no money and no leg to stand on.
There are plenty of other cars out there.
Just to confirm you don't buy a car with outstanding finance on it.
In other news, Pope rumoured to be catholic.
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I'm with elvi
He's got pritty jiggly boobie girl on his comments!
:grin: :grin: :grin: :grin: :grin: