Can't sell my car, just found out it has an outstanding finance

[jonnyl888]

I bought a car a year ago from a dealer in Bradford, did the basic HPI check and it came out clear.

 

However, this was my first car and I had no experience in buying cars.

 

I tried to be as cautious as possible and went for the basic HPI check which did not show outstanding finance.

 

a year later I'm selling my car, a

fter spending £80 on advertising

I get a call from an interested buyer.

 

He's about to come to buy my car, when he calls me and says there is outstanding finance on the vehicle.

 

I quickly went to do an HPI check (the more expensive option) and find out this for the first time.

 

I call up mycarcheck and they give me the number for the finance company.

 

I called them up and they confirmed this and they said they will send a letter to the previous owner who owes them money.

 

I called up the dealer and he said this was the first time he'd heard of this.

 

He did the same basic HPI check as mine when he took the car for a part exchange.

 

Now I'm stuck in the situation where I've already bought another car after borrowing from friends,

convinced at the fact that my car was gonna sell so I could pay them back.

 

Then I suddenly find out about this?

 

I've never felt so depressed in my life, knowing that the finance company could come and take my car away.

 

This could never have come at a worse time, I'm a student studying engineering, and have coursework deadlines and exams in the coming weeks.

 

I can't spend time and money getting legal advice.

 

Would really appreciate it if anyone could offer any advice.

[sailor sam]

Hi and welcome to CAG.

 

As you bought it from a dealer, I think you will be covered under the SOGA. Check with CAB/Trading standards.

 

http://www.adviceguide.org.uk/england/consumer_e/consumer_cars_and_other_vehicles_e/cars_buying_a_car_e/cars_buying_a_secondhand_car_e.htm

 

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