Wheelerdealer1

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Posts posted by Wheelerdealer1

  6. Posted

    Hi all

    And thanks for all the messages and emails from people willing to help, it's at times like this you find out who your friends are!

    Andy thanks for taking the time to reply great info !

    The way things stand at the moment I'm going to purse the well spoken man, I want my mpv back and he can have his car back, I'm going to have his car recovered to his property where I'm sure my mpv is as that's where he registered it

    Unless I get fed to the pigs of course !

  9. Posted

    Hi Jim

    Yes I have all docs for the Px car inc full v5 in his name, 3 keys, history etc

    Your right as they do hold on to the v5 as collateral until the loan is paid, but reading online many get duplicate copy of the v5 aswell to give to the loan company

    It's a strange one as they guy is not short of a bob or two, his address is a large farm

    But his manner on the phone tells me was very aware of the Loan on the car

    The company who hold the loan now are adamant it's never been paid off

  12. Posted

    Well it couldn't have happened at a worse time, but totally my fault

    Will try keep it short!

    Well spoken man wishes to Px his sports car for an mpv I have had for a month or so, for his growing family

    He is keen to do a deal and so am I

    Brings the sports car over and it's better then described, so we do the deal, now usually I hpi check my Px before the guy arrives, but my laptop wasn't working and to be honest I just then plain forgot

    It's pouring down with rain and well spoken man is keen to get the deal done and get home and miss the traffic

    So it's done

    Next day before I put it on AT I do the check, and it comes up as a bloody log book loan outstanding!

    I contact the company who have now folded but passed on the debt to a new place, they say a small loan was taken out in 2011, it was never paid and they want the car or £3000

    So I rang well spoken man, who admits a took a log book loan in 2011 but paid it off long ago, he says it's not his problem and since has not answered his phone

    So where do I stand now ? A bit of googling reveals that these loans a different to a car on straight up finance and sometimes these loans aren't even registered on hpi checking systems

    Anyway I now have an unsaleable car