car finance

[jmr1015]

i bought this car about 9 months ago(cash) and i just gone to part ex it to upgrade and just i found out there is finance still on it where do i stand with this been back to see the person i bought it off and well surprize they have moved.. thanks
all the car details are in my name if that helps

[kira000]

Technically the car does not belong to you, nor the previous "owner" but belongs to the finance company.
If you want to keep it to use yourself or to sell, the only thing you can do is contact the finance company and ask them if they will allow you to pay off the remaining finance.
If you think it is not worth the amount it would cost to do pay off, then you can give the car back to the finance company- because the finance agreement is in the other parties name, they will be liable for any outstanding debt, but you wont get the car or any money back.
Thats why you have to do an HPI check before buying a used car. It might cost �25 odd pounds, but as you have discovered, it is more costly not to!

[yecats2885]

did u not do an experian check?

email me the car reg as i work for evans halshaw and can get you to the details of the finance,

email is [email protected]

[jmr1015]

hi katie thanks the reg is st54aon its a citreon c3

[yecats2885]

whats ur email address so i can email the report 2 u

[jmr1015]

hi katie my email address is [email protected]
thanks