Bought a car with outstanding finance - what should I do?
I bought a used car recently, but the owner did not tell me about outstanding finance until after the purchase. He promised to pay the finance off, but did not and left the country, The finance company has now contacted me to request £4482 of outstanding finance.
I have helped with investigations having not willingly known of this finance before purchase. They have called me today and stated the seller did not have title to sell the car, so its still belongs to them. I am thinking of seeing a solicitor. Can you please help me out as this as /is becoming very stressful indeed.
I have helped with investigations having not willingly known of this finance before purchase. They have called me today and stated the seller did not have title to sell the car, so its still belongs to them. I am thinking of seeing a solicitor. Can you please help me out as this as /is becoming very stressful indeed.
Asked on 30 June 2014 by calvin bailey
Answered by
Honest John
The vendor did not have the title to the car, so has effectively stolen your money. The finance house is entitled to repossess its property. A court will not accept that you bought the car in good faith because you could easily have spent £25 to get the car's title checked out by HPI or by Experian. You had better see that solicitor.
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