Can I report my van as stolen?

[Crippo]

I traded my van a year ago for a newer better one. I still haven’t been paid the equity left in my van from the Company. They sold it on quickly, I subsequently learned.
I have tried to contact them but they trade under a new Company supplying fancy vans for the Trust Ford group and don’t have a Public facing element anymore. They initially responded to my emails and then went quiet. I have got a debt collection agency on to them and they have had no response either. We are now looking at a lawyer starting proceedings against them. However this comes with high costs which get added to the debt.

That’s the back ground, but my question is about reporting my traded in van as stolen since I have t been paid for it.

[ging84]

don't understand
You traded in for a 'newer' 'better' one, presumably this was more expensive, so why would you be owed anything?

Sounds like a complex deal and you are going to have a job convincing anyone its anything other than a civil dispute.

[LosingGrip]

No, it is a civil matter and not a police matter.

Small claims court.

[soad]

Send in the heavies (debt collectors, the likes of Shaun Smith).

[Crippo]

Thought so, just exploring options. Thanks

[Monkeylegend]

Might not be so straight if they are trading under a different name.

[silverfoxcc]

Debt collectors are toothless

Get the sheriffs in. They are the pros

[EarlofDrift]

soad said:

Send in the heavies (debt collectors, the likes of Shaun Smith).

A reckon a few grunting gorillas with bomber jackets would do.

Or recruit a few bouncers and give them a clipboard so they look the part

[paintman]

ging84 said:

don't understand
You traded in for a 'newer' 'better' one, presumably this was more expensive, so why would you be owed anything?

Sounds like a complex deal and you are going to have a job convincing anyone its anything other than a civil dispute.

I don't understand it either.
Usually you trade your old vehicle in & the dealer tells you how much he is prepared to offer you for it against the newer more expensive one. You then owe the dealer the difference between the two & that's the end of it.

Perhaps the OP would care to enlighten us as to what actually took place?

[littleredrooster]

Another one who doesn't understand. You traded it in, but are still owed something you call 'equity'. Please clarify what this 'equity' is, and who the 'Company' is.
*baffled*

Edited by littleredrooster on Thursday 13th June 21:36

[BlueMeganeII]

He may be in the situation like I have been where the traded in van is worth say £5000 but he only wants to use £2000 as a deposit so he is owed £3000. Quite common. I forgot everyone pays in cash out of a briefcase on here don’t they?

[ging84]

BlueMeganeII said:

He may be in the situation like I have been where the traded in van is worth say £5000 but he only wants to use £2000 as a deposit so he is owed £3000. Quite common. I forgot everyone pays in cash out of a briefcase on here don’t they?

All done above board it would show on the paper work how much you were borrowing and where the money was going, if there was a balance in cash to be paid that wasn't then you go back to the lender and say I never got the 3k cash you lent me.