MartinToga
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Time Barred HP
MartinToga replied to MartinToga's topic in Vehicle Finance and Vehicle Repossessions
I will need to apply for the V5 to get the bike back on the road, do you think this will raise its profile with the company who know owns the debt ? My guess is they have better things to do than spot a 10 year old bike being re-registered. I appreciate that it will not be possible to sell the bike as the finance will not go away from the HPI record. -
Time Barred HP
MartinToga replied to MartinToga's topic in Vehicle Finance and Vehicle Repossessions
Did that already. Just says it has outstanding finance. -
Over 10 years ago I bought a motorbike on HP. Shortly after buying the bike, my circumstances changed and I moved overseas to work. I stored the bike in a garage and it stayed there. I did not make any payments while overseas. I recently returned back to the UK and the bike is still where I left it. Can the finance company repossess the motorbike or is it now time barred? Are they even interested in a 10 year old debt?
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