Legal Ownership

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Mon 10 Nov 2014 14:27
Legal Ownership - Armitage Shanks {p}

18 months ago I visisted a dealer and traded in a car, bought another and paid cash for the balance. Got a receipt and drove off. Yesterday I went to another dealer with a view to changing cars and when they ran mine through an HPI check it was flagged as having a 3 year finance deal active on it, started 6 months before I bought the car and still has a year to run. I have raised this with the supplying dealer, I have had no trouble taxing and insuring the car in the 18 months I have ownsed it and no bailiffs have called, yet. Do I actually "Own" the car, as I stand right now. I think is an error but am a little worried.

Edited by Armitage Shanks {p} on 10/11/2014 at 14:28

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Mon 10 Nov 2014 14:44
Legal Ownership - Palcouk

Go back to the supplying dealer with the print out of the HPI check report, let them resolve the issue

The 'ownership' depends on the exact type of finance, something you cannot determin.

A log book is not proof of ownership

Edited by Palcouk on 10/11/2014 at 14:45

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Mon 10 Nov 2014 18:10
Legal Ownership - Armitage Shanks {p}

Thanks. I rang the finance company direct and they confirmed that is not any finance outsanding or running on the car. I am just waiting for the dealer to egt back to me with confirmation. Thank you for your reply.

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Mon 10 Nov 2014 14:50
Legal Ownership - skidpan

If its HP or similar where its secured against the car and showing on the HPI check the loan company will still have an interest. If the person who took the loan out stops paying the company will want their money or the car.

Being the registered keeper is just that and does not prove legal ownership.

You need to do some more investigations before drawing an accurate conclusion but as to what you can do about it if there is still a loan against the car I have no idea. One of the things you should check when buying and as always never believe a dealer.

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Mon 10 Nov 2014 15:21
Legal Ownership - gordonbennet

I have no idea about the legalities here, but i too would be hot footing round to the supplying dealer (hope he's still trading) and demanding he sort this out as you bought a car in good faith from a dealer, who should have sorted all this at the time being the professional.

I wonder if this a logbook loan.

I hope its all just an admin hiccup and all is well AS.

Edited by gordonbennet on 10/11/2014 at 15:22

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Mon 10 Nov 2014 19:11
Legal Ownership - focussed

I bet you are all fed up with me wittering on with what goes on in France and how much better it is over here aren't you?

YES YES YES YESS!!!! Clear off!

Shan't - you're stuck with me.

BOOOOOOOOOOO!

Ok I'll ignore that - so how much better is this situation in France and how do they prevent cars being sold with an outstanding lien involving finance, a fine etc?

When a car is offered for sale and actually at the point of sale the vendor, private or trade has to, by law,provide the buyer with a certificate that states that the car is not the subject of a loan agreement, security for a loan, or has any traffic offence tickets outstanding on it.

This certificate is obtained FOC from a government website.

Too difficult for the DVLA obviously-they are too busy selling car owner's details to spiv parking companies to be bothered with actually preventing fraud.

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Tue 11 Nov 2014 07:41
Legal Ownership - Armitage Shanks {p}

It isn't too difficult for DVLA, it just isn't something they are required to do. I agree with your comments on the French system though.

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Tue 11 Nov 2014 09:26
Legal Ownership - bathtub tom

>>I wonder if this a logbook loan.

I understand HPI can't detect logbook loans unless the loan company volunteers to supply the information. The nature of these loan companies probably precludes them from doing so. I don't know of any check that will detect a logbook loan.

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