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slujet

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  1. Hi, Hopefully this is the most appropriate subforum for my question but please point me in the right direction if not... I volunteer with a charity and, one and half years ago, that charity bought a minibus/van on Hire Purchase. At the time, the HP agreement was signed by the chairperson of the charity commitee, who is since no longer involved with the charity - when the van was bought the salesperson apparently advised that this was the right thing to do and apparently s/he gave the that the agreement was effectively in the charity's name, rather than an individual's. Fast forward to last week and the charity received a phonecall from the finance company - Close Motor Finance - who said that they had been informed by the DVLA that the person whose name is on the finance agreement is not the registered keeper, cue threats of repossession etc. The person who signed the finance agreement has never in fact been the registered keeper, but the charity did not realise that this was in breach of agreement (presumably an oversight on the part of the salesperson...). Firstly, can someone confirm that the registered keeper MUST be the same person that signed the finance agreement? Secondly, the options would appear to be as follows: (a) Pay off the £3,000 or so remaining on the agreement - problem with this is the charity does not have the money; or (b) Transfer the registered keeper to the person named on the finance agreement - problem with this is that they are no longer involved with the charity and would like to be rid of the financial responsibility/risks involved; or © Pursuade someone to buy the van with a fresh finance agreement; or (d) Transfer the HP agreement - this is not possible, right? Are there any other things that should/could be considered? Thirdly, what's the position regarding breach of agreement/repossession? Is it the same process as for arrears on repayments? (FYI, this is in Scotland.) Thanks if you've got this far. Any thoughts would be appreciated.
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