log book loans - can i sell the car?

[oops!!]

hi everyone

 

i have been reading all your posts on this forum about log book loans for som months now. i have a loan on my car and wondered, can i sell the car to someone i know?

 

i plan to order a new v5, change the owner details and then 'hide' the car.

 

where do i stand legally here?

 

much obliged.

[meggyweggy]

I am not sure as they register HPI interest in the car i am sure they will still claim the car as being theres.

[anon2]

sounds a bit dodgy to me!!

[Tom_vRS]

Even if you sell it, if the finance is secured on the car then they can reposses it.

[JonCris]

The finance can only be secured on the car if the agreement is lawful which LBL's are not although they do unlawfully register a charge with HPI, which HPI should NOT allow to happen but then they are not interested in the legalities only the fees they earn. Apart from hp the only other lender who has a legal right to place a charge is a licensed pawn broker

[oops!!]

The finance can only be secured on the car if the agreement is lawful which LBL's are not although they do unlawfully register a charge with HPI, which HPI should NOT allow to happen but then they are not interested in the legalities only the fees they earn. Apart from hp the only other lender who has a legal right to place a charge is a licensed pawn broker

 

Interesting - thank you.

[oops!!]

Just been thinking..

 

..what if I was to 'sell' my car to someone in southern ireland? lbl would be pretty stuck there!!

[JonCris]

You could always sell it to someone who lives in the Shankhill. I'd like to see them repossess that! I'd sell tickets

[simonjohn]

You could always sell it to someone who lives in the Shankhill. I'd like to see them repossess that! I'd sell tickets

 

Lol

[oops!!]

This site cannot allow posts to be made that can be seen to be condoning fraudulant or deceptive practices.

 

 

[edited: Libellous]

[Bookworm]

I think before anyone accuses others of offering fraudulent advice they 1st make sure that is what is being offered in the 1st place

 

Hi Nellie

 

I intend to change the owner details, and then hide it but tell LBL I have sold it?

 

To clarify, the advice given might not have offered fraudulent advice, but the question asked certainly seems to indicate an intention to lie and deceive. The fact that no-one seems to disapprove could be easily construed as condoning the behaviour, and this is not something that will be tolerated on this forum, as some users already know.

 

Likewise, potentially libellous comments will be edited/deleted, as they put the forum owners at risk.

 

Thanks in advance for your cooperation.

[JonCris]

As they don't actually own the car what advice is being offered is an attempt to avoid LBL acting unlawfully by removing the goods which they don't own. So yes an attempt is being made to outwit them but none of it is illegal or dishonest in anyway & yes we want to help deceive them to stop them removing goods they have no right to. If a burglar entered your home wouldn't you attempt to deceive him.

 

Also a number of members have been advised to conceal their cars because we all know how this company acts

 

The member asked a perfectly legit question, could he sell the car & still be acting within the law & the answer is yes he can as he still owns it. He can even give it away if he chooses.

 

Also as the lawful owner he can tell them whatever he likes he still won't be breaking any laws. He can say he sold it to a guy in a pub if he wishes. The only proviso is that he informs the DVLA of it's disposal & to whom

 

As for the alleged debt LBL will have to go to court to try & get their agreement enforced

[JonCris]

As they ain't cheap I think you will find it's a scare tactic but you never know

[MARTIN3030]

Yep reclaim thr right is advocated as you rightly point out.Thats what the consumer action group stands for

Nothing wrongwith that.......

[scouser9]

Hi,

 

Just to mention its illegal to sell something that is not yours to sell firstly, whilst the HP stands for the vehicle the debt is always with you. If you sell to a friend under these circumstances he/she soon will not be your friend.

If you hide it or Shankill Road it ( i would pay to see that as well ) the debt is still yours. If they cannot find the car or bus or whatever, of which they know will turn up again sooner or later, you still must pay.

The only way to get rid as I am led to believe is you tell them that you are not paying another penny, they will come and take car back, auction it somewhere and then if they are honest deduct the money from what you owe and then you will still have to pay the remaining dues.

 

Sorry for sticking my bit but its just happened to a friend of mine.

 

Mikey

[nellie75]

Yes I agree, its illegal to sell a car thats on HP and the loan will always be secured on the car regardless of ownership of that car. The point is that LBL finance is not an HP agreement nor is it secured on the car, they claim ownership over the car by way of agreements that are unlawfull and unenforcable, they repossess cars with no court order and this is against the law.

[Bookworm]

Just let me get this right, and please correct me if I am wrong, as I don't pretend to know all the ins and out of car ownership and documentation :

 

OP is proposing to apply to the DVLA for a new logbook. Unless I'm mistaken, he/she would have to have a reason to do so. So OP is going to have to lie to the DVLA.

 

Reclaim the right, yes, but not "by beating them at their own game". Stay within the law, and use the law to your advantage. I am taking a fair guess that lying to the DVLA in order to obtain new documents doesn't come within spitting distance of that definition.

 

It has been proven that Banks take Charges unlawfully and is the basis for this forum, LBL take cars unlawfully so It should be viewed on the same principle.

 

Yes, we do. And we win by taking them to court, by giving them a chance to prove they are acting lawfully, which they decline and capitulate instead.

 

We keep the moral high ground at all times. I would strongly recommend anyone dealing with LBL does the same.

[oops!!]

oops!!

[nellie75]

Just let me get this right, and please correct me if I am wrong, as I don't pretend to know all the ins and out of car ownership and documentation :

 

OP is proposing to apply to the DVLA for a new logbook. Unless I'm mistaken, he/she would have to have a reason to do so. So OP is going to have to lie to the DVLA.

 

Reclaim the right, yes, but not "by beating them at their own game". Stay within the law, and use the law to your advantage. I am taking a fair guess that lying to the DVLA in order to obtain new documents doesn't come within spitting distance of that definition.

 

 

 

Yes, we do. And we win by taking them to court, by giving them a chance to prove they are acting lawfully, which they decline and capitulate instead.

 

We keep the moral high ground at all times. I would strongly recommend anyone dealing with LBL does the same.

 

I first just want to say that I asked OP's intentions before I offered advice to him and I have made no comment about obtaining the logbook from DVLA nor have I advised him to do so. I am not responsible for his intentions, all I was doing was informing him of what I know about this company through my own personal experience with them.

 

I have never acted outside the Law and I am taking them to court to claim back what is rightfully mine. I have also kept the moral high ground even when kicked in the face by this company and am doing things by the book, in a legal and dignified manner.

 

'Beating them at their own game' in my understanding does not involve any dishonest or illegal actions, its simply 'knowing your rights' and fighting back. The problem with this company is that they repossess cars without the legal right to do so leaving people with nowhere to turn to, I am able to give advice because I know this for a fact.

 

I understand and respect your comments but no advice was given by anyone to deceive or act unlawfully apart from lighthearted comments which where said in jest.

[oops!!]

OK, I have moved house now, totally out of the blue.

 

Good luck in finding me and the car LBL!!!

 

This is for all the people that have been shafted by LBL - you wont get my car hahahahaha!!!

 

Good luck to everyone who is dealing with these idiots

[Guest DEATHLORD]

Hi every one sates LBL loans are not worth the paper there on I have questions on this,

HOW

hAS ANY ONE WON ANY CASES AGAINST THEM

LOG BOOK LOANS DOES NOT LOAN MONEY its other companies though them. therefore does the company lending have a lic for this? or do they use the other companies Credit Lic?.

[JonCris]

Hi every one sates LBL loans are not worth the paper there on I have questions on this,

HOW

hAS ANY ONE WON ANY CASES AGAINST THEM

LOG BOOK LOANS DOES NOT LOAN MONEY its other companies though them. therefore does the company lending have a lic for this? or do they use the other companies Credit Lic?.

 

They can't.........If they are lending money their name has to be on the CCL............even if they are subsidiary.................'trading as'......Also if the separate company making the lending decisions is other than LBL (or named subsidiary or even if using LBL's funds) then they must have a CCL in their own right

[horsemad]

hi everyone, my hsband and i are in the same boat with LBL we have come up with an idea but not able to share with anyone as it may not be legal. Anyway last night i was doing a bit of research on the net looking at log book loans did any of you know there are at least 2 LBL companies but if you go on there website and click on there company number you can look at few details not much i looked at company credit search some of it is less than favourable for £18.00 you can look at a script about striking off maybe someone as tried this. also if you look at another company loans4logbooks.co.uk they keep eveything logbook insurance document and mot certificate without these they cant claim the vehicle if needed. maybe f enough of us shouted the office of fair trading could look into this company also as anyoneactually ben served with a court order to regain posession of the vehicle by log book loans i thought it had to be done by court of the area of residence of customer. our rep told us about a bloke in london wo had 50,000 loa and never paid and they never got the car back ever. makes you think dont it

[Lopez9]

Thats interesting, something really does need to be done about these people. We only took out £1000, I missed 2 £40 payments & it was put straight onto Gemini Bailiffs! Now we are paying £100 a week to these people until we've paid back the full £2600!!!!!! :mad: The thing is though, i never gave them my log book, insuarance, MOT or anything so do they really have a right to take my car?? I'm actually planning on moving house soon, as soon as that happens they car whistle for the rest, I could actually afford 2 mortgages for what I pay these cowboys!!!

[horsemad]

Thats interesting, something really does need to be done about these people. We only took out £1000, I missed 2 £40 payments & it was put straight onto Gemini Bailiffs! Now we are paying £100 a week to these people until we've paid back the full £2600!!!!!! :mad: The thing is though, i never gave them my log book, insuarance, MOT or anything so do they really have a right to take my car?? I'm actually planning on moving house soon, as soon as that happens they car whistle for the rest, I could actually afford 2 mortgages for what I pay these cowboys!!!

 

if you never gave them the log book then thy need to take you to small claims court same as provident surely did they not ask for copies of log book ins or mot cert, if it were me i would drop the payments but first go see cab or a solicitor on a free 30 min appoint,go for it.