Legal Question in Consumer Law in United Kingdom
car finance
I recently purchased a car and have now been informed that a large amount of money is owed to the bank by the former owner.what is my position on this. the bank is requesting the full amount off me or they will take the car off me.
1 Answer from Attorneys
Re: car finance
I am afraid that it rather sounds as if the car did not belong to the person who you bought it off. If it was subject to a HP agreement the car will belong to the lender until all payments have been made.
There was a clear misrepresentation by the seller of the car which will allow you to rescind the contract and reclaim your money. Often however this is not possible which will be your difficulty. Should this be the case your only option will be to negotiate with the finance company.
Andrew Dutton
www.legal-zone.co.uk
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