someone sold me a car which was still on finanace and i cant part exchange it the person i bought it from has?

Answer 1

If your asking what I think your asking, do you still have the receipt, signed by the previous owner? If so and it mentions nothing about you taking over the payments for the vehicle, then the previous owner will end up in some real trouble. It was never their car to sell, the title HP, HIRE purchase says it all. In the same manner if you hired a car from Avis, then sold it, you would be liable to pay the whole cost of the car. If you can prove the previous owner sold you the vehicle in good faith, and that you had no knowledge of the car being on an HP agreement, then you will be entitled to a full refund should the car be re-claimed.

This may be hard to get, but if your persistent and take the case to court, it's likely they will have the options of 28days to pay in full, agree a payment option with you (which you can charge interest on if the court agrees), or declare bankruptcy, in which case if they have a house they will be required to sell it in order to pay you. If they declare bankruptcy and don't have the required belongings to pay you is the one concern, as then the debt will be wiped. Good luck though.

Answer 2

The question that was asked is a little on the confusing side so I hope my answer makes sense as I have broken it into 2.

1. You have bought a car off someone that still had the car on finance? If you knew about this - you were agreeing to continue the payments. If you did not know about this - then the vendor has tricked you into buying his car for a given sum and knowing you will have to make the HP payments he has gained financially.

2. You now want to part exchange the car but cannot because the other person has? Are you saying that you no longer want this car and as it is still on finance you cannot do it? If the finance has not been signed over to you then this is correct you will not be able to exchange - if you took it to a dealer the first thing they would do is carry out a HP check to see if there was any finance still running on it.

You really need to add more details so you can get the right answer but if I was in your shoes I would firstly got a HP check done on the vehicle and then you could have stayed clear or come to some agreement as where you transfer the remaining payments to you but I dont know of many credit companies doing this, also you need to get some solid advice - go along to your nearest Citizens Advice Bureau and they will put you in touch with the right people to help you. If you dont - you could end up losing your car as if the other person does not meet the payments -the car will be repossessed and just because he sold it does not mean they will not find the car.

Next time you are thinking of buying a car - get it HP checked - it will be worth it in the long run, Citizens Advice will be able to give you info on how to do this too.

Best of Luck

Answer 3

I believe you can still part exchange, but you have to ensure that the person you're part exchanging it with knows there is a finance deal out on it with a previous owner. The big problem is that the person you bought from has the cash and you have the debt hanging over you. Visit Citizens advice for clearer guidance

Answer 4

Not sure of what your asking, but:

If you purchased a vehicle with a lien on the title, you don't own the car. The lein holder owns that vehicle. You got took, take the person you bought the vehicle from to small claims court or court depending on the puirchase price. Contact the lein holder and ask what it would cost to purchase the title/lein release.

Answer 5

Confusing question. You bought knowlingly? then why you want to exchange. If you bought unknowingly then return to the same person. You shoulod have checked before buying. take care in future

Answer 6

area substitute is a transaction the place you employ your old automobile to change as area-fee to your new automobile. we could say you're figuring out to purchase a sparkling automobile worth £10,000. Your old automobile has a commerce-in fee of, say, £4,000. You pay the broker £6,000 plus your old automobile. sellers will additionally use the term to describe your old automobile that he's taking as area-substitute. each so often a broker will supply on the industry a automobile that he has taken as area-substitute affordably, without servicing or cleansing it, or offering any guarantee, and could nevertheless consult with the motor vehicle as a "area-substitute".

Answer 7

My Frent and leagal adviser MR Head he advise the seler has
"Some explaining to do or he may end up in a skeletal non continuity situation regarding his fingers"

I not bother I go rount break all his finger.

Answer 8

One more graphic example of why you should run an HP check before buying a used car!

Answer 9

as already said, another reason why hp checks should always be done,.. if you knew before you bought .. then really hun its your fault. If you did not see if you can contact the people you bought it off and sort something out .