This little gem may help if you ever get caught out buying a vehicle that the seller still owes HP on
http://www.legislation.gov.uk/ukpga/1964/53/section/27
I got caught out a while ago despite a HPI check & found that quoting section 27 to the finance company allowed me to keep the vehicle with a clean title
What it basically says is if you bought the vehicle in good faith, paid the going rate for a vehicle of that year & condition you are entitled to keep it free & clear.
You will need to prove the above so if you bought a $1000 car from a bloke next door for 20 quid you are stuffed but if you genuinely bought & have a receipt you have a good chance
This last is from my own experience of dealing with one company but others may take a different approach................
..............The finance company may try to tell you that a HPI check is a legal requirement so if you didn't do one its your problem & they own the vehicle until the balance is paid (not true)
They may also threaten to recover the vehicle & police seem to have no power to stop them even if they have no court papers to prove ownership ?
They may also threaten court proceedings to recover the vehicle ( scare tactics because of the cost of going to court)
I hope that helps someone
http://www.legislation.gov.uk/ukpga/1964/53/section/27
I got caught out a while ago despite a HPI check & found that quoting section 27 to the finance company allowed me to keep the vehicle with a clean title
What it basically says is if you bought the vehicle in good faith, paid the going rate for a vehicle of that year & condition you are entitled to keep it free & clear.
You will need to prove the above so if you bought a $1000 car from a bloke next door for 20 quid you are stuffed but if you genuinely bought & have a receipt you have a good chance
This last is from my own experience of dealing with one company but others may take a different approach................
..............The finance company may try to tell you that a HPI check is a legal requirement so if you didn't do one its your problem & they own the vehicle until the balance is paid (not true)
They may also threaten to recover the vehicle & police seem to have no power to stop them even if they have no court papers to prove ownership ?
They may also threaten court proceedings to recover the vehicle ( scare tactics because of the cost of going to court)
I hope that helps someone