Finance u ltd Corner park

[danielfahey]

i purchased a vehicle from corner park 6th june 2011 using there own finance company.

the car was priced at 8195

i put a deposit down of 1250 ,

the amount of credit required was 6945

charge for credit was 6190

paying back in total 14385.

 

i have made every payment on time up until about 8 weeks ago when i lost my job ,

i contacted finance u who were not interested at all .

 

i am currently in arrears of 615.60

 

i have had a warrant of repossession this week

i have contacted them they are collecting the car next week .

 

i have paid in total of payments of 6061.40

if i include my deposit thats 7311.40.

 

The settlement is 5993.70

and the agreement balance is 7073.60.

 

the car is on a bill of sale .

 

the car is currently worth part ex between 5000 - 5700

but garages sell the car around the 7000 mark

its in excellent condition new tyres all round new mot .

 

i can't get any thing out of the garage other than they will sell the car and ill owe any outstanding money.

 

will they sell the car for what it is worth or put it at auction and sell it for a low price .

 

do i pay the difference from the agreement balance or the settlement figure .

 

ive looked into just selling the car and paying it off but can not sell as its on finance

 

please help

Edited November 3, 2013 by citizenB

[i hate bailiffs]

Warrant of repossession I doubt it who has that come from

 

No phone calls now everything in writing

 

They would need a court order to take the car if anybody turns up to take car tell them to do one

[danielfahey]

the garage keep all spare keys for the cars

 

the letter reads

 

for the attention of my name and/or any person having possession of the vehicle described below.

 

mr n brunsdon has been appointed and hereby confirmed as our field agent authorised to take all reasonable steps to take possession of our vehicle

the vehicle is subject to an undischarged bill of sale agreement

[citizenB]

It is my understanding that once a third of the loan had been repaid, they would need to obtain a court order to repossess ?

 

I have alerted site team for you and also relocated your thread to the Legal forums

 

As advised by I hate bailiffs.. you should stay off the phone unless you can record the calls. If they telephone you, you should simply advise that in view of their actions, you require everything in writing in order to protect your position.

[dx100uk]

correct they are spoofing you

they cant take the car unless they have been to court.

 

very wrong to send that letter to you too.

 

it indicates they have a legal right to the car

when after 1/3d they do not.

 

I've moved you to the bill of sale forum

 

have a read here whilst I read a few things myself to be sure on something.

 

if you have the agreement please scan it up.

 

set your default scan page size to A4 less than 300DPI [150 will do]

scan the required letters/agreements/sheets - as a picture[jpg] file

don't forget you can use a mobile phone or a digital camera too!!

'

BUT......

ENSURE: remove all pers info inc. barcodes etc

but leave all monetary figures and dates.

.

*********************************************************

{DO NOT USE A BIRO OR PEN OR USE SEE THRU TAPE OR LABELS]

*************************************************************

.

DO IT IN MSPAINT.EXE or any photo editing program

goto one of the many free online pdf converter websites ...

http://freejpgtopdf.com/

..

if you have multiple scans/pics

put them in a word doc FIRST and convert that to PDF

or use www.pdfmerge.com

 

convert existing PC files to PDF [office has an installable print to PDF option]

..

 

it would be better to upload a multipage pdf if

you have many images too rather than many single pdfs

.

or if you have PDF as an installed printer drive use that

or use word and save as pdf

try and logically name your file so people know what it is.

though dont use full bank names or CAG in the title

i'e Default notice dd-mm-yyyy TSB

.

open a new msg box here

hit go advanced below the msg box

hit manage attachments below that box

hit the add files button on the top right

hit select files, navigate to your file on your pc

hit upload files

.

dx

[dx100uk]

No logbook loan repossessions are not always legal,

if linked to a CCA agreement or if the BOS has not been registered with the high court.

.

If BOS registered then yes they can reposses, but have to show registration and debt details.

If linked to a CCA then can not reposses if on private property without a court order ( but can if on public road and under a third has only been paid ).

Over a third, they need a court order wherever it is.

.

020 7947 7772

QBEnforcement@hmcts.gsi.gov.uk. [no spaces]

QB Enforcement Section, Room E15-E17, Royal Courts of Justice, Strand, London, WC2A 2LL.

.

is the number to ring and check if your BoS has been registered.

they MUST have done this within 7days of you signing the agreement

.

or

If anyone else needs to find out if a Bill of Sale has been registered

email Lindsay.hutchinson@hmcts. gsi.gov.uk really helpful,

replies straight away

& above all didn't charge

.

many many are not!

.

read this end of this thread:

http://www.consumeractiongroup.co.uk/forum/showthread.php?382678-Bill-of-sale-(help-please)&p=4363534#post4363534

 

 

dx

[danielfahey]

All I have is the figures I listed in my original thread sorry never received any paper work they said would forward but never received I did not chase either thanks

[danielfahey]

im not to concerned if they take the car

 

I just don't want them to take it and them to say i still owe them thousands

as the car is easily worth the money i owe to settle

 

thats without the extra money he could make selling it on to someone else using his finance company

[dx100uk]

you need that paperwork ASAP.

 

 

dx

[danielfahey]

Still don't have documents corner park have said they have sent them but still have not received . In the meantime he sent another letter demanding car back so I returned the vehicle to him myself with logbook etc . He put the vehicle on his forecourt for 5999 and it sold instantly he said he sold it for 5500 I think the 5999 was priced to low to start with. However he now wants a further 1500 pound off me to settle even though the settlement figure was just under 6000 and he has 5500 for the car as he wants the total balance

[danielfahey]

I contacted the garage today to find the car still available for sale at 5999 a phoned and questioned this he told me corner park purchased the vehicle from finance u at 5500