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vehicle finance and write off


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Posting this on behalf of brother in law

 

He had an accident last year and wrote the car off (cat b)

 

It was on finance and he hadn't got comprehensive insurance like he was supposed to do the finance company (gmac) recalled the debt in full

 

That then got put in as part of a debt relief order

 

He got a letter a week ago saying the finance company wanted the car back and was willing to offer £81 for the value of parts off the debt

 

I got him to email back pointing out that that was hardly a fair amount as the value of parts was alot higher giving some examples and also pointing out that scrap weight value of the car alone was over £200 they replied saying that as the legal owners they wernt offering just telling and saying that their report from northern assessors said it was only worth £81 which is interesting as northern assessors have never seen the vehicle

 

I've emailed back to confirm he still has the car but pointing out its at a differnt address not told the the address as we don't want it seizing and told them to improve the offer off the debt or justify the £81 including sending a copy of the report

 

Any other suggestions

Please note:

 

  • I am employed in the IT sector of a high street retail chain but am not posting in any official capacity,so therefore any comments,suggestions or opinions are expressly personal ones and should not be viewed as an endorsement or with agreement of any company.
  • i am not legal trained in any form.
  • I have many experiences in life and do often use these in my posts

if ive been helpful kick my scales, if ive been unhelpful kick the scales of the person more helpful :eek:

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