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Log Book Loans / Bills of Sale They have also been known as 'Chattel Mortgages', but whatever the name - this is the place to get advice.


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Old 20th November 2007, 16:28   #1 (permalink)
busyma
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Join Date: Aug 2007
Posts: 14
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Default help with LBL

we had a loan with these and fell into arrears. lbl said we could sell
the car providing the buyer sent the money direct to them.
we obtained a new logbook from dvla and sold the car private. the new
owner has now come back at us saying lbl has repossessed the car from
him and saying that he knew nothing about the hpi and saying that he
wants us to pay him for the money he lost on the car stating the sale of
goods act1979. i have been told that he cannot touch us as it is his word
against ours that he knew about the hpi. he claiming he paid them and
saying he gave us money. this bloke is harassing me and i am now
getting worried about it. please advise.
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Old 20th November 2007, 16:36   #2 (permalink)
MikeSplicer
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Default Re: help with LBL

edited read original post wrongly

Last edited by MikeSplicer; 20th November 2007 at 16:43.
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Old 20th November 2007, 17:38   #3 (permalink)
pt2537
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Default Re: help with LBL

right

can i ask, how much of the finance was paid off from the sale of the car?

secondly, was it sold privatley?

regards
paul

and
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Old 20th November 2007, 18:38   #4 (permalink)
busyma
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Default Re: help with LBL

hi the car was sold privately. the bloke gave us £850 in cash and was sending a cheque for £7000 approx to LBL to settle the hpi
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Old 20th November 2007, 18:53   #5 (permalink)
pt2537
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Default Re: help with LBL

well, its a difficult situation to be honest

the guy is talking out of his bottom about the Sale Of Goods Act 1979 for starters, the SOGA is not relevent here,

His actions may place him in breach of the Protection from Harassment Act 1997 , depending on how he is behaving

the best thing to do IMHO is write to him setting out what the terms of the contract were.

if he failed to keep to the contract its his own fault and there is no liability on you for his losses. he really has very little ground to argue unless he can establish you knowing there was HPI on the car allowed him to buy it without first telling him the HPI needed settling

however the figures sort of suggest that it would be clear that he would not get a 7000 pound car for 850 so i think that would be in your favour

that would be how i would approach this

Regards
paul
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