Who owns a car of finance?

[Upatdawn]

I always thought a car with an outstanding balance on finance belonged to the HP company?

[Butter Face]

It does.

Why the question?

[M4cruiser]

Depends ... a "personal bank loan" is technically finance for a car (that's how the owner will see it) but it doesn't trap the car, the car is owned by the driver (or person who took out the loan) not the bank.

Hire Purchase is different, yes the car is owned by the finance company until the last penny is paid off.

[ging84]

there are many ways to own things

[Upatdawn]

This a proper car finance.

(not loan/PCP/lease)

this was a conversation with a policeman, the same PC said the V5 showed the owner, I said it showed only the KEEPER....I showed the HP agreement too....

He had asked was I the owner of the vehicle...

[quoteunquote_sir_]

Upatdawn said:

This a proper car finance.

(not loan/PCP/lease)

this was a conversation with a policeman, the same PC said the V5 showed the owner, I said it showed only the KEEPER....I showed the HP agreement too....

He had asked was I the owner of the vehicle...

'A registration document (V5) is not proof of ownership. The registered keeper should be the person who is actually using / keeping the vehicle and this is not necessarily the owner of the vehicle or the person who is paying for it.'

PC Plod was wrong but will of course never admit that.

[Rick101]

Upatdawn said:

this was a conversation with a policeman
He had asked was I the owner of the vehicle...

And you gave a smart arse response? I know where this is going.

[48k]

Rick101 said:

Upatdawn said:

this was a conversation with a policeman
He had asked was I the owner of the vehicle...

And you gave a smart arse response? I know where this is going.

[Gavia]

Rick101 said:

Upatdawn said:

this was a conversation with a policeman
He had asked was I the owner of the vehicle...

And you gave a smart arse response? I know where this is going.

^^^^^^^^ 100% this.

[anonymous-user]

Perhaps the OP just wanted to clarify his position. If the police told me something I'd be leaning on believing them over my opinion, so I'd question it too?

[MrBarry123]

"Are you the owner of this car Sir?"

"No, Barclays are."

Was it not a successful negotiation OP?

[anonymous-user]

Taz1383 said:

Perhaps the OP just wanted to clarify his position. If the police told me something I'd be leaning on believing them over my opinion, so I'd question it too?

the op knows what he doing, basically pedantically answering questions.

[M4cruiser]

The Spruce goose said:

the op knows what he doing, basically pedantically answering questions.

But I'm with OP on this one, you do have to give accurate answers when being questioned by the police. It's not his fault that plod is asking the wrong question.

[Cold]

The Spruce goose said:

the op knows what he doing, basically pedantically answering questions.

You've confused pedantically with correctly.

[HustleRussell]

C'mon smartarse OP, what happened next?

[WaferThinHam]

HustleRussell said:

C'mon smartarse OP, what happened next?

Do they have WiFi in the cells?

[Upatdawn]

Hi all, well....

It was a 2 police car/2 copper job and copper 2 got the V5 question right