paid cash for car that has a mobile money logbook loan on it - help!!

[dx100uk]

did you try speaking to actionfraud?

 

dx

[ashmk]

If you do decide to 'pay them off' and I'm not saying you should but if you decide to then don't accept that £800 offer. Go in low, offer them £100 for example and negotiate up. They should budge.

[nondoctor]

iv already offered £100 and they wouldnt budge on the £800 as they are owed £1400

 

just spoke to seller who said he was at police station sorting everything out

as he said there had been a fraud against him and guess what....

 

.. i rang police and he wasnt there so at least i know who the culprit is now,

 

the law is so wrong

 

im not blaming the lenders as they seem to have done everything legal

 

but why should they get their money

 

the seller get his debt paid off and we are £1000 out of pocket

 

my lad would sooner trash the car than hand it over

[nondoctor]

iv not spoke to action fraud yet

 

the seller seemed believable for a few hrs and

 

i let him try to sort it out but i traced his every footstep so i could corner him and confront him

 

going to get legal help now

 

but everything seems to be in the lenders and sellers favour

 

think we're taking up banger racing tomorrow

[nondoctor]

at this point in time id like to thank every1 who has taken time to read my thread and helped me

 

im most grateful for all your effort and time

 

i realy hope this helps people in the future

 

i think we have learnt a lot from this ourselves

 

and i will keep you all posted on what happens next

 

many thanks from myself and family

[nondoctor]

Have had all the legal advice and every1 is saying the same loan company now want £650 off us or the car we have hid the car and awaiting to see what happens next before we take seller to court

[ctid1987]

Any updates on this?

 

It appears that I am now the owner of a car that had a logbook loan back in July 2013.

 

Can't confirm or deny this yet, as need to speak to HPI company tomorrow - but it seems the private plate that is on there now is there to hide the problem!

[theoldrouge]

citid, when you have the info come back and start your own thread, and well do all we can to help

[ctid1987]

I'm just putting together a thread now.

 

[JoeyJoeC]

Personally... and this is complete my personal opinion and defiantly not a legal one... You shouldn't have to pay the loan of someone else. The company, (in my opinion) should chase the person they gave the loan out to, not who bought the car from them. So personally, I would hide it in a garage, and strip it for parts.

[sequenci]

Personally... and this is complete my personal opinion and defiantly not a legal one... You shouldn't have to pay the loan of someone else. The company, (in my opinion) should chase the person they gave the loan out to, not who bought the car from them. So personally, I would hide it in a garage, and strip it for parts.

 

It's potentially a legal one too. You see, if it can be proven that the purchase was honest and in good faith the new owner should be able to argue that they have good title to the vehicle - as such the lender would be 'estopped' from trying to take it back. They would have to go after the person who took out the loan.