ADVICE PLEASE STOLEN/RECOVERED SALVAGE AUCTION CAR
Discussion
Hi, wonder if anyone has had this issue and what was the outcome. Or if anyone could advise i would be grateful too.
I bought an Abarth 595 on 1/5/23 from a reputable used car dealer. I went through a broker to finance the car and a finance
Company gave me the finance. (£1000 deposit-£10000 finance)
After 4 weeks I realised that I may have to sell the car as it was too small. I went online and asked 2 well know car buyers (Motorway, CARBUYER) if they would value my car. I got an email back from Motorway saying that they couldn’t buy the car from me as it had history of being stolen/recovered and sold
At a salvage auction. They went on to send me this report and pictures of the salvage auction back in Feb 2021.
The other car buyer has said that they will not buy the car from me also because of the salvage history.
At no time whatsoever was I told about the car being stolen/recovered and sold at a salvage auction by the car dealer/broker/finance company. If I was told of this, I would NEVER had bought this car!
I went back to the dealer and asked him if he had know this and he said he had done his HPI check and this didn’t show up. I said that the car cannot be sold and I would like to return it. He said that there is nothing wrong with the car it’s perfect and he would not be taking the car back. I went to the finance
Company and spoke with them. They said it was the brokers issue not them. The broker said that the car I was perfect before and after collection so they won’t be taking on the case.
Now I have £10,000 finance on a car, paying over £6000 interest over 5 years and I can’t sell the car!
I honestly did not know you could buy an in-depth report on a vehicle-I assumed the HPI check did everything.
Somehow, the Abarth has slipped the net without being known it’s stolen/recovered and sold at a salvage auction and I’m the one that now has this massive problem.
Just so you know the car was not discounted I paid the full retail value.
The dealer is RAC warranted.
Thanks I’m advance.
I bought an Abarth 595 on 1/5/23 from a reputable used car dealer. I went through a broker to finance the car and a finance
Company gave me the finance. (£1000 deposit-£10000 finance)
After 4 weeks I realised that I may have to sell the car as it was too small. I went online and asked 2 well know car buyers (Motorway, CARBUYER) if they would value my car. I got an email back from Motorway saying that they couldn’t buy the car from me as it had history of being stolen/recovered and sold
At a salvage auction. They went on to send me this report and pictures of the salvage auction back in Feb 2021.
The other car buyer has said that they will not buy the car from me also because of the salvage history.
At no time whatsoever was I told about the car being stolen/recovered and sold at a salvage auction by the car dealer/broker/finance company. If I was told of this, I would NEVER had bought this car!
I went back to the dealer and asked him if he had know this and he said he had done his HPI check and this didn’t show up. I said that the car cannot be sold and I would like to return it. He said that there is nothing wrong with the car it’s perfect and he would not be taking the car back. I went to the finance
Company and spoke with them. They said it was the brokers issue not them. The broker said that the car I was perfect before and after collection so they won’t be taking on the case.
Now I have £10,000 finance on a car, paying over £6000 interest over 5 years and I can’t sell the car!
I honestly did not know you could buy an in-depth report on a vehicle-I assumed the HPI check did everything.
Somehow, the Abarth has slipped the net without being known it’s stolen/recovered and sold at a salvage auction and I’m the one that now has this massive problem.
Just so you know the car was not discounted I paid the full retail value.
The dealer is RAC warranted.
Thanks I’m advance.
SAS13 said:
Hi, wonder if anyone has had this issue and what was the outcome. Or if anyone could advise i would be grateful too.
I bought an Abarth 595 on 1/5/23 from a reputable used car dealer. I went through a broker to finance the car and a finance
Company gave me the finance. (£1000 deposit-£10000 finance)
After 4 weeks I realised that I may have to sell the car as it was too small. I went online and asked 2 well know car buyers (Motorway, CARBUYER) if they would value my car. I got an email back from Motorway saying that they couldn’t buy the car from me as it had history of being stolen/recovered and sold
At a salvage auction. They went on to send me this report and pictures of the salvage auction back in Feb 2021.
The other car buyer has said that they will not buy the car from me also because of the salvage history.
At no time whatsoever was I told about the car being stolen/recovered and sold at a salvage auction by the car dealer/broker/finance company. If I was told of this, I would NEVER had bought this car!
I went back to the dealer and asked him if he had know this and he said he had done his HPI check and this didn’t show up. I said that the car cannot be sold and I would like to return it. He said that there is nothing wrong with the car it’s perfect and he would not be taking the car back. I went to the finance
Company and spoke with them. They said it was the brokers issue not them. The broker said that the car I was perfect before and after collection so they won’t be taking on the case.
Now I have £10,000 finance on a car, paying over £6000 interest over 5 years and I can’t sell the car!
I honestly did not know you could buy an in-depth report on a vehicle-I assumed the HPI check did everything.
Somehow, the Abarth has slipped the net without being known it’s stolen/recovered and sold at a salvage auction and I’m the one that now has this massive problem.
Just so you know the car was not discounted I paid the full retail value.
The dealer is RAC warranted.
Thanks I’m advance.
Did you do the HPI or did the dealer?I bought an Abarth 595 on 1/5/23 from a reputable used car dealer. I went through a broker to finance the car and a finance
Company gave me the finance. (£1000 deposit-£10000 finance)
After 4 weeks I realised that I may have to sell the car as it was too small. I went online and asked 2 well know car buyers (Motorway, CARBUYER) if they would value my car. I got an email back from Motorway saying that they couldn’t buy the car from me as it had history of being stolen/recovered and sold
At a salvage auction. They went on to send me this report and pictures of the salvage auction back in Feb 2021.
The other car buyer has said that they will not buy the car from me also because of the salvage history.
At no time whatsoever was I told about the car being stolen/recovered and sold at a salvage auction by the car dealer/broker/finance company. If I was told of this, I would NEVER had bought this car!
I went back to the dealer and asked him if he had know this and he said he had done his HPI check and this didn’t show up. I said that the car cannot be sold and I would like to return it. He said that there is nothing wrong with the car it’s perfect and he would not be taking the car back. I went to the finance
Company and spoke with them. They said it was the brokers issue not them. The broker said that the car I was perfect before and after collection so they won’t be taking on the case.
Now I have £10,000 finance on a car, paying over £6000 interest over 5 years and I can’t sell the car!
I honestly did not know you could buy an in-depth report on a vehicle-I assumed the HPI check did everything.
Somehow, the Abarth has slipped the net without being known it’s stolen/recovered and sold at a salvage auction and I’m the one that now has this massive problem.
Just so you know the car was not discounted I paid the full retail value.
The dealer is RAC warranted.
Thanks I’m advance.
leef44 said:
Pixelpeep Electric said:
Did you do the HPI or did the dealer?
It sounds like the dealer but doesn't the dealer get the same cover as a retail consumer in that such an error would be covered by HPI?If the OP did the HPI then it's just a case of contacting them directly.
Not sure that'll help with the interest on the finance though as it will only pay the purchase price of the car
SAS13 said:
The dealer did the HPI check and the finance company and broker but not the in-depth check that the online buyers do
Have you done a HPI check yet if not do one asap.HPI checks do not always show insurance history, this will be a vital piece of info if this ends up in court, also rule 101 is that YOU perform your own checks, there another person here on PH going through the same thing.
Personally I'd put pressure on the finance company explaining that now that the car has a salvage title the cars worth less so you'd like to either reject the car or restructure the finance deal,
Please don't complain about the interest your paying as YOU were happy with the deal when you signed.
As the dealer and finance company are not going to do anything it seems it sounds like you will have to go to the motor ombudsman and see if you can get any assistance there.
Failing that you may have to look at the cars value based on its current status and look to pursue legal action against the garage for the loss of value against a clean car.
The interest you are paying isn't really relevant to the issue here, the car had a 10k retail value and the value as a stolen recovered car difference is what you can try to pursue
Failing that you may have to look at the cars value based on its current status and look to pursue legal action against the garage for the loss of value against a clean car.
The interest you are paying isn't really relevant to the issue here, the car had a 10k retail value and the value as a stolen recovered car difference is what you can try to pursue
Why would anyone spend more than a few K on a car and not do a vcheck.
HPI doesn't find half the stuff vchevk does. If it was sold HPI clear then do a HPI check yourself and see if anything shows up. If it does you have a case, if it doesn't then he hasn't misrepresented it and you should have done your own checks.
Have a look at the dodgy cars Facebook group to see how worthless HPI is compared with vcheck.
HPI doesn't find half the stuff vchevk does. If it was sold HPI clear then do a HPI check yourself and see if anything shows up. If it does you have a case, if it doesn't then he hasn't misrepresented it and you should have done your own checks.
Have a look at the dodgy cars Facebook group to see how worthless HPI is compared with vcheck.
Edited by Bendo on Saturday 24th June 20:00
The first thing to do is ask for a copy of the HPI check that the dealer claims to have done before selling the car and note the date on it. Second, find out where the other car buying firms are getting their info from - if it’s the same HPI source, you want to know how this was missed off in the first instance and go from there. Once you have your ducks in a row in terms of HPI checks and if the dealer still chooses to wash their hands off it, take them to court and let a judge decide.
You’ll have to keep on paying the finance but I have to say that this is a very odd case. Taking out a finance agreement with that level of interest and trying to sell at a huge loss only one month on from purchase. In financial services we’d be suspicious of money laundering.
Good luck.
You’ll have to keep on paying the finance but I have to say that this is a very odd case. Taking out a finance agreement with that level of interest and trying to sell at a huge loss only one month on from purchase. In financial services we’d be suspicious of money laundering.
Good luck.
Rough101 said:
I’m reading through and I don’t believe this is a write off, it’s stolen recovered but doesn’t have a Category X marker?
Technically not a write off?
Yes it would probably only have a marker if it was not viable to repair. Do you know if there was much damage to the car?Technically not a write off?
Gassing Station | Car Buying | Top of Page | What's New | My Stuff