Sold Car with Logbook loan Bill of Sale attached

[qwertyuk]

Hi all,

 

Purchased car from Private seller for Cash

(Have receipt, logbook, service history MOT, proof of ID etc)

Did basic HPI Check which showed Cat D - Negotiated lower price for car.

 

Forward on two months. Yesterday, I received letter from Hermes (LBL) with photocopy of two pages of Bill of Sale. In 21 days they want the car back or me to pay pretty much the same amount I already paid.

 

BOS was stamped at court 4 days after bill was signed. Also did HPI check and it shows as registered with HPI on day BOS was signed,

 

I have seller's mobile, email, linkedin, facebook, but no contact can be made.

 

So right now, I guess I am out of luck.

 

Does anyone have any ideas of help? Would be willing to speak to a solicitor, but I am not sure how to find one who knows about these things.

 

Thanks.

Edited December 13, 2013 by qwertyuk

[Conniff]

Do you know this persons address ?

[qwertyuk]

Yes, I have the address. Not sure if he still lives there.

 

The police has advised me not to go to the address. I have an appointment with them this evening to report the fraud.

[Surfer01]

I seem to remember some posts on here where it turned out although there was a log book loan against the vehicle it was not valid due to some technicality.

[qwertyuk]

Yes. I think everything is in order "legally" from their side, however I would like a solicitor with a bit of knowledge of the area to look it over.

 

After speaking to the police tonight I will send all the details I have to the loan company.

 

Hopefully they can see that I am an innocent purchaser and that they will be able to offer some goodwill towards me and my situation. Does not seem to be much information or prior experience to go by, so not sure how it will pan out.

 

I will be in serious debt if I have to hand the car back and then go and purchase another car. I don't have the money to buy it again, off of them, after already buying it once before.

[Conniff]

Unfortunately log book loan companies are gutter loan companies who want it all ways.

[sequenci]

Hopefully they can see that I am an innocent purchaser and that they will be able to offer some goodwill towards me and my situation. Does not seem to be much information or prior experience to go by, so not sure how it will pan out.

 

I will be in serious debt if I have to hand the car back and then go and purchase another car. I don't have the money to buy it again, off of them, after already buying it once before.

 

You should show that you undertook all reasonable steps to check the car's history - and since nothing on the HPi register came up ensure that you argue 'good title' to the vehicle.

 

This article is worth a read: http://www.thisismoney.co.uk/money/cars/article-2111066/Logbook-loan-second-hand-car-trap-One-outstanding-finance-YOU-liable.html