Bought car off ebay.check been done to sell and there is outstanding finance.what is the law on this?

Question

i bought a car from ebay stupidly without a check.The people we bought car from lost paperwork and it took weeks to sort out.i have since paid for new paperwork as i could not afford car and needed to sell however a check has since been done and has come back as outstanding finance and i dont know where i stand on this issue and what to do about it.

Answer 1

You may have to sue the seller in small claims (unless that amount is over their limit) if that seller is unwilling to pay what they owe on the car right now.

Or get in touch with the finance company, hope they don't order the car back, and maybe they start badgering the previous owner for the rest of the money.

Or just keep paying and eat their cost, too.

Maybe you need to learn from a lesson like this!

Answer 2

It belongs to the finance company, they may sell you it. Get rid of it now and don't be a nice guy and tell people. Just get rid of it. Have you put the papers in your name Yet, if not, sell it as the old previous owner.

Richard, do you know where they live? Take it back with a couple of geezers. They didn't lose the paperwork, they said that so you wouldn't find out about the finance.

I'd go round with the boys unless you know anyone in the Police who can have a word witht them.

Answer 3

Did you buy the car through ebay or privately?  if you used ebay, they may have some indemnity scheme in place...

Answer 4

In the first instance, and before you start panicking, many people sell their cars in order to settle the finance.

Check with the seller to find his/her intentions and take it from there.

Answer 5

Caveat emptor (buyer beware). Theoretically, you've paid for something which wasn't theirs to sell. Get back in touch with the seller & see what their response is. Unless they have a very good excuse, you're in trouble and you will undoubtedly face losing the car & your money whatever happens next.

You don't want the police after you, so contact the finance company & put them in the picture as to where the car is & see what happens.

You should also contact the police unless you had a satisfactory response from the seller, reporting the sellers as fraudulent, as if you don't, you're in the process of handling stolen goods.

DON'T just try to sell it on unless you're not worried about a fine or imprisonment & a criminal record.

Answer 6

the car belongs to the finance company if they take it back you are left with nothing.as it is breaking the law to sell a car on hp then let the police know

Answer 7

on the report you have had done there will be a phone number and ref number phone the finance company and ask them if they have any intrest in the car,this does happen its maybe they havent updated there records before you panic just phone the finance company

Answer 8

>>  since been done and has come back as outstanding finance

If there's an outstanding financing, then they (the sellers) cannot have a clean title - and the car is NOT theirs to sell.

If they gave you a clear title, then the report was probably in error.

If they did NOT give you a title (clean or not), then they never sold the car and you can get the money back.

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In the end the DMV will let you know what is the condition of the title (lien or no lien on the car).

good luck...