Advice please - paid deposit on car, now found HPI on it
Discussion
Made a cock up of this... Went to see a Jag x-type today that the wife has seen and fallen for. Seemed straight, and everything seemed all well and good.
Put a £1K deposit down and left with a Sales Invoice. Just got round to running an HPI check and it's come back with finance still oweing.
Done some googling as I need to understand my rights, but I suspect I'm not searching for the correct terms. Can anyone advise my legal position - and tips for persuing this in the correct manner?
Put a £1K deposit down and left with a Sales Invoice. Just got round to running an HPI check and it's come back with finance still oweing.
Done some googling as I need to understand my rights, but I suspect I'm not searching for the correct terms. Can anyone advise my legal position - and tips for persuing this in the correct manner?
Either way I'd guess you're safe, if its a private seller then they legally cant sell it as its not their's, if its a dealer then the onus is on them to ensure any outstanding finance is paid in full before re-sale.
Old story but a mate of mine bought a car from a forecourt. Paid in cash and thought all was well. Turns out he had bought the car from the guy who worked in the petrol station and there was finance on it. Lost the car and the money...
Old story but a mate of mine bought a car from a forecourt. Paid in cash and thought all was well. Turns out he had bought the car from the guy who worked in the petrol station and there was finance on it. Lost the car and the money...
With these feet said:
Either way I'd guess you're safe, if its a private seller then they legally cant sell it as its not their's, if its a dealer then the onus is on them to ensure any outstanding finance is paid in full before re-sale.
Neither is safe because once you've parted with the money its you who would have to claim it back which could be near impossible, the car is owned by the finance company until its paid off and they could take it back from you, worst case is you lose your money and the car.I went through a similar situation with an independent dealer recently, paid a deposit on a car which was advertised as clear of finance, turned out to have more finance on it than the car was worth, dealer said he would clear the finance after the sale, no way I said. Despite requesting my deposit back 4 times and waiting 7 weeks got no response so charged it back via the Visa Chargeback scheme due to misrepresentation and breach of contract, money was sucked back from his account to mine
Independent dealers, scum of the earth!
Thanks to all those that replied. Phoned the listed Finance company today and was told that there was no finance agreement in place!
There was one taken out in 2003 and cleared in 2004. Really helpful chap at Capitol Bank actually called Experian AutoCheck, gave them s
t about why they were not providing accurate information and phoned me back to pass on their apologies and that they would sort it out.
Completely lost confidence in Experian's Autocheck, in my case it was showing a phantom agreement. What if somebody else doesn't see an agreement when there is one??!
There was one taken out in 2003 and cleared in 2004. Really helpful chap at Capitol Bank actually called Experian AutoCheck, gave them s
t about why they were not providing accurate information and phoned me back to pass on their apologies and that they would sort it out.Completely lost confidence in Experian's Autocheck, in my case it was showing a phantom agreement. What if somebody else doesn't see an agreement when there is one??!
stellacheersmate said:
Thanks to all those that replied. Phoned the listed Finance company today and was told that there was no finance agreement in place!
There was one taken out in 2003 and cleared in 2004. Really helpful chap at Capitol Bank actually called Experian AutoCheck, gave them st about why they were not providing accurate information and phoned me back to pass on their apologies and that they would sort it out.
Completely lost confidence in Experian's Autocheck, in my case it was showing a phantom agreement. What if somebody else doesn't see an agreement when there is one??!
Make sure you get the confirmation in writing....There was one taken out in 2003 and cleared in 2004. Really helpful chap at Capitol Bank actually called Experian AutoCheck, gave them s
t about why they were not providing accurate information and phoned me back to pass on their apologies and that they would sort it out.Completely lost confidence in Experian's Autocheck, in my case it was showing a phantom agreement. What if somebody else doesn't see an agreement when there is one??!
stellacheersmate said:
Thanks to all those that replied. Phoned the listed Finance company today and was told that there was no finance agreement in place!
There was one taken out in 2003 and cleared in 2004. Really helpful chap at Capitol Bank actually called Experian AutoCheck, gave them st about why they were not providing accurate information and phoned me back to pass on their apologies and that they would sort it out.
Completely lost confidence in Experian's Autocheck, in my case it was showing a phantom agreement. What if somebody else doesn't see an agreement when there is one??!
It is often the finance companies themselves who forget to get their interest in a car deleted rather than the checking companyThere was one taken out in 2003 and cleared in 2004. Really helpful chap at Capitol Bank actually called Experian AutoCheck, gave them s
t about why they were not providing accurate information and phoned me back to pass on their apologies and that they would sort it out.Completely lost confidence in Experian's Autocheck, in my case it was showing a phantom agreement. What if somebody else doesn't see an agreement when there is one??!
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