Received New Keeper Questionnaire from Log Book Loans

[slow8dirty]

Hi new to the forum, joining for the reason I post below

Have just received a letter from log book loans concerning a second hand car i bought 3 months ago.

 

"We understand that you purchased the vehicle without knowledge of our interest and as such it is likely that you will be classified by the Hire Purchase Act 1964 as an ';innocent purchaser' and will have obtained good title to the vehicle. In order to confirm that this is the case we would ask that you please complete and return the attached questionnaire to the address given above. Once the questionnaire is returned, we will be able to confirm whether we intend to pursue the matter further. If we are satisfied that you are in fact an innocent purchaser, then we will write to you confirming that we have released our interest in the vehicle."

 

Help!!! I've done a bit of research over the weekend but no one seems to mention this kind of approach before.

The questionnaire covers when did I purchase it, who from, price paid and do i have a receipt, are you a trader, do you still have it, if not where is it, any other information that may be useful.

 

I bought it off an ad in gumtree, from a bit of a backstreet trader to be honest, and it looks like my stupidity has come back to haunt me.

I'm just confused as to why they are taking this approach rather than just taking the car, as seems to happen so often in these threads?

 

I paid cash have a copy of the advert and a handwritten receipt. The V5 was intact and I have my new copy now.

 

I eventually rang them and the woman said they dont want reclaim the car(yeah right!) but not to sell it, just return the questionnaire.

 

Help,

totally confused and gutted.

Edited October 23, 2012 by ims21

[Nagasis]

They are right.

If you bought the car without knowing there was finance on it then they cannot take the car away from you as you are considered an innocent party under the hire purchase act.

[queensclose]

how much did you pay for the vehicle. doesnt matter were you bought the vehicle as long as the price you paid was reasonable and you took steps to ensure the vehicle was finance free.

 

they can't just take the car off you if you bought it in good faith

[slow8dirty]

Thanks guys

Reading up on the HP Act what you say seems to be the case.

My concern is the, price was cheap, £1800 when at face value you'd expect over £2000, however this price matched the poor cosmetic condition of the car, I bought it as the basis of a restoration project. Seen in the flesh you would say the price was fair, but how do you explain this to someone sat in a repo office with looking to balance their books?!