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How much can I expect for this corsa d

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Corsa 5 door 57 plate 1.2(ac)no service history but the last 2 year services have been done by my self spark plugs oil oil filter air filter cabin filter all done by me 4 time in the last 2 years 1 k…
j752000 Avatar
2y, 3m agoPosted 2 years, 3 months ago
Corsa 5 door 57 plate 1.2(ac)no service history but the last 2 year services have been done by my self spark plugs oil oil filter air filter cabin filter all done by me 4 time in the last 2 years 1 key 100000 miles condition pretty good with few scratches inside condition good what you expect of a car used for 100k miles, coolant tank has brownish sludge on sides pink coolant clean car does not leak any coolant car has been driving cool from when I got it 2 years ago engine never failed starts all the time, I am the fifth owner car has outstanding finance didn't no that when I bought the car I found out later as I was having a bad feeling about the car then I done a hpi check that's when I realised that it has outstanding finance this car has never been involved in a accident I contacted the finance company black horse they will not give me any details it's been 2 years they have never contacted me I did tell them my situation that I was unaware when buying the car that it has the finance, now I want to sell the car as I want to buy a new car so was wondering what you guys think that I can sell it for please if you can kindly reply with genuine advise and if any one wants to say I was stupid buying a car with outstanding finance and I should have done a hpi etc please do not reply kindly I no I made a mistake and I don't want to lie to some one when I sell this
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j752000 Avatar
2y, 3m agoPosted 2 years, 3 months ago
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#1
You can't sell it.. It has outstanding finance.. The finance company own it.

Edited By: Teezgaff on Dec 20, 2014 02:55
#2
You need to.find out what finance company and ask how much is owed on the car if a small amount its best to.pay it.off if not then you can soon be pulled for driving a stolen car
#3
jordni
You need to.find out what finance company and ask how much is owed on the car if a small amount its best to.pay it.off if not then you can soon be pulled for driving a stolen car
its black horse when I asked how much is outstanding 2 years ago they would not tell, recharging it being a stolen car they will have to contact me first which they have not done in the last 2 years
#4
Opps meant to be regarding not recharging lol
#5
j752000
jordni
You need to.find out what finance company and ask how much is owed on the car if a small amount its best to.pay it.off if not then you can soon be pulled for driving a stolen car
its black horse when I asked how much is outstanding 2 years ago they would not tell, recharging it being a stolen car they will have to contact me first which they have not done in the last 2 years

You really think plod will give a crap about that?
You're driving a car you don't own.. Do you have Tax + Insurance?
#6
Teezgaff
j752000
jordni
You need to.find out what finance company and ask how much is owed on the car if a small amount its best to.pay it.off if not then you can soon be pulled for driving a stolen car
its black horse when I asked how much is outstanding 2 years ago they would not tell, recharging it being a stolen car they will have to contact me first which they have not done in the last 2 years

You really think plod will give a crap about that?
You're driving a car you don't own.. Do you have Tax + Insurance?
sorry what is plod
#7
j752000
Teezgaff
j752000
jordni
You need to.find out what finance company and ask how much is owed on the car if a small amount its best to.pay it.off if not then you can soon be pulled for driving a stolen car
its black horse when I asked how much is outstanding 2 years ago they would not tell, recharging it being a stolen car they will have to contact me first which they have not done in the last 2 years

You really think plod will give a crap about that?
You're driving a car you don't own.. Do you have Tax + Insurance?
sorry what is plod

Police, basically even tho you purchased the car, the car is not legally yours. It is owned by the company that financed it until the full amount has been paid. If you were evolved in an accident for example the insurer most likely would not pay out as the car is not registered to you. And you could get in trouble with the police as technically your driving around in a stolen car. Unless ofcourse the finance has been paid off in full by the original owner since then.

I suspect they are chasing the original owner for the money. They will not know who you are or where you live that is why you have not heard anything from them. I'm surprised you have not been pulled over by the police. That means it hasn't been reported stolen by the Finance company.

But yeah just for the fact you are aware it has unpaid finance you cannot sell it or you could land in allot of trouble.

Edited By: AStonedRaichu on Dec 20, 2014 03:27
#8
AStonedRaichu
j752000
Teezgaff
j752000
jordni
You need to.find out what finance company and ask how much is owed on the car if a small amount its best to.pay it.off if not then you can soon be pulled for driving a stolen car
its black horse when I asked how much is outstanding 2 years ago they would not tell, recharging it being a stolen car they will have to contact me first which they have not done in the last 2 years

You really think plod will give a crap about that?
You're driving a car you don't own.. Do you have Tax + Insurance?
sorry what is plod

Police, basically even tho you purchased the car, the car is not legally yours. It is owned by the company that financed it until the full amount has been paid. If you were evolved in an accident for example the insurer most likely would not pay out as the car is not registered to you. And you could get in trouble with the police as technically your driving around in a stolen car. Unless ofcourse the finance has been paid off in full by the original owner since then.

I suspect they are chasing the original owner for the money. They will not know who you are or where you live that is why you have not heard anything from them. I'm surprised you have not been pulled over by the police. That means it hasn't been reported stolen by the Finance company.
i did read online that the car belongs to the finance company until full payment has been received but I am the registered keeper so how can the report it stolen until they don't contact me I thought the registered keeper is Someone that is responsible for the car. I have the logbook
#9
But yeah just for the fact you are aware it has unpaid finance you cannot sell it or you could land in allot of trouble.
That is the same for the person that sold it to me I was totally unaware that it had the finance
#10
j752000
But yeah just for the fact you are aware it has unpaid finance you cannot sell it or you could land in allot of trouble.
That is the same for the person that sold it to me I was totally unaware that it had the finance

But they will just take the car off you unless the finance is paid.
Not seen Pay or we'll take it away or repo man?
#11
Basically if the finance hasn't been paid.
You have a stolen car, which was bought by the finance company and sold on by the person who didn't pay them.
#12
Teezgaff
j752000
But yeah just for the fact you are aware it has unpaid finance you cannot sell it or you could land in allot of trouble.
That is the same for the person that sold it to me I was totally unaware that it had the finance

But they will just take the car off you unless the finance is paid.
Not seen Pay or we'll take it away or repo man?
even for that they need a court order to repossess it which they have the right to do if who ever is not paying back the finance off , I keep on reading the word stolen which still I don't understand how that is.
#13
Pay for an HPI check and see what's going on..
If it comes back positive or negative for you, you'll have an idea of what to do.
banned#14
Comment
j752000
AStonedRaichu
j752000
Teezgaff
j752000
jordni
You need to.find out what finance company and ask how much is owed on the car if a small amount its best to.pay it.off if not then you can soon be pulled for driving a stolen car
its black horse when I asked how much is outstanding 2 years ago they would not tell, recharging it being a stolen car they will have to contact me first which they have not done in the last 2 years

You really think plod will give a crap about that?
You're driving a car you don't own.. Do you have Tax + Insurance?
sorry what is plod

Police, basically even tho you purchased the car, the car is not legally yours. It is owned by the company that financed it until the full amount has been paid. If you were evolved in an accident for example the insurer most likely would not pay out as the car is not registered to you. And you could get in trouble with the police as technically your driving around in a stolen car. Unless ofcourse the finance has been paid off in full by the original owner since then.

I suspect they are chasing the original owner for the money. They will not know who you are or where you live that is why you have not heard anything from them. I'm surprised you have not been pulled over by the police. That means it hasn't been reported stolen by the Finance company.
i did read online that the car belongs to the finance company until full payment has been received but I am the registered keeper so how can the report it stolen until they don't contact me I thought the registered keeper is Someone that is responsible for the car. I have the logbook


Registered keeper is exactly that it has nothing to do with owning the car. You cannot sell it as you do not own it until the loan has been cleared.
#15
Teezgaff
Pay for an HPI check and see what's going on..
If it comes back positive or negative for you, you'll have an idea of what to do.
i done a hpi couple of months after I bought it that's around 2 years ago called the finance company after I found out it has outstanding finance told them that I didn't no it has money outstanding on the car ask them how much was left they would not tell me then they said they will send some don't remember exactly what form he was talking about but he told me to fill that and send it back to them didn't receive anything it's been two years now I don't want to do a new hpi now as I have the last hpi certificate which has all the details about the finance the reference when it was taken out who the financer is the basics.
#16
toshapetriji
Comment
j752000
AStonedRaichu
j752000
Teezgaff
j752000
jordni
You need to.find out what finance company and ask how much is owed on the car if a small amount its best to.pay it.off if not then you can soon be pulled for driving a stolen car
its black horse when I asked how much is outstanding 2 years ago they would not tell, recharging it being a stolen car they will have to contact me first which they have not done in the last 2 years

You really think plod will give a crap about that?
You're driving a car you don't own.. Do you have Tax + Insurance?
sorry what is plod

Police, basically even tho you purchased the car, the car is not legally yours. It is owned by the company that financed it until the full amount has been paid. If you were evolved in an accident for example the insurer most likely would not pay out as the car is not registered to you. And you could get in trouble with the police as technically your driving around in a stolen car. Unless ofcourse the finance has been paid off in full by the original owner since then.

I suspect they are chasing the original owner for the money. They will not know who you are or where you live that is why you have not heard anything from them. I'm surprised you have not been pulled over by the police. That means it hasn't been reported stolen by the Finance company.
i did read online that the car belongs to the finance company until full payment has been received but I am the registered keeper so how can the report it stolen until they don't contact me I thought the registered keeper is Someone that is responsible for the car. I have the logbook

Registered keeper is exactly that it has nothing to do with owning the car. You cannot sell it as you do not own it until the loan has been cleared.
registered keeper is exactly that please if you can be abit clearer on what you mean by that,I no that I am not the owner as this car has outstanding finance, can they report it stolen before contacting me am sure they would have already it's been to years that I have been the registered keeper

Edited By: j752000 on Dec 20, 2014 05:00
banned#17
j752000
toshapetriji
Comment
j752000
AStonedRaichu
j752000
Teezgaff
j752000
jordni
You need to.find out what finance company and ask how much is owed on the car if a small amount its best to.pay it.off if not then you can soon be pulled for driving a stolen car
its black horse when I asked how much is outstanding 2 years ago they would not tell, recharging it being a stolen car they will have to contact me first which they have not done in the last 2 years

You really think plod will give a crap about that?
You're driving a car you don't own.. Do you have Tax + Insurance?
sorry what is plod

Police, basically even tho you purchased the car, the car is not legally yours. It is owned by the company that financed it until the full amount has been paid. If you were evolved in an accident for example the insurer most likely would not pay out as the car is not registered to you. And you could get in trouble with the police as technically your driving around in a stolen car. Unless ofcourse the finance has been paid off in full by the original owner since then.

I suspect they are chasing the original owner for the money. They will not know who you are or where you live that is why you have not heard anything from them. I'm surprised you have not been pulled over by the police. That means it hasn't been reported stolen by the Finance company.
i did read online that the car belongs to the finance company until full payment has been received but I am the registered keeper so how can the report it stolen until they don't contact me I thought the registered keeper is Someone that is responsible for the car. I have the logbook

Registered keeper is exactly that it has nothing to do with owning the car. You cannot sell it as you do not own it until the loan has been cleared.
registered keeper is exactly that please if you can be abit clearer on what you mean by that,I no that I am not the owner as this car has outstanding finance, can they report it stolen before contacting me am sure they would have already it's been to years that I have been the registered keeper

The can report it stolen at any time they wish though I would have thought they would have done that before seeing as you were the registered keeper and were not hiding from them.

You could contact them again and see if the finance has been paid off but I would think that would be unlikely.

You might be better off thinking of the money you paid as a rental fee and forget about selling the car.
#18
toshapetriji
j752000
toshapetriji
Comment
j752000
AStonedRaichu
j752000
Teezgaff
j752000
jordni
You need to.find out what finance company and ask how much is owed on the car if a small amount its best to.pay it.off if not then you can soon be pulled for driving a stolen car
its black horse when I asked how much is outstanding 2 years ago they would not tell, recharging it being a stolen car they will have to contact me first which they have not done in the last 2 years

You really think plod will give a crap about that?
You're driving a car you don't own.. Do you have Tax + Insurance?
sorry what is plod

Police, basically even tho you purchased the car, the car is not legally yours. It is owned by the company that financed it until the full amount has been paid. If you were evolved in an accident for example the insurer most likely would not pay out as the car is not registered to you. And you could get in trouble with the police as technically your driving around in a stolen car. Unless ofcourse the finance has been paid off in full by the original owner since then.

I suspect they are chasing the original owner for the money. They will not know who you are or where you live that is why you have not heard anything from them. I'm surprised you have not been pulled over by the police. That means it hasn't been reported stolen by the Finance company.
i did read online that the car belongs to the finance company until full payment has been received but I am the registered keeper so how can the report it stolen until they don't contact me I thought the registered keeper is Someone that is responsible for the car. I have the logbook

Registered keeper is exactly that it has nothing to do with owning the car. You cannot sell it as you do not own it until the loan has been cleared.
registered keeper is exactly that please if you can be abit clearer on what you mean by that,I no that I am not the owner as this car has outstanding finance, can they report it stolen before contacting me am sure they would have already it's been to years that I have been the registered keeper

The can report it stolen at any time they wish though I would have thought they would have done that before seeing as you were the registered keeper and were not hiding from them.

You could contact them again and see if the finance has been paid off but I would think that would be unlikely.

You might be better off thinking of the money you paid as a rental fee and forget about selling the car.
I have forgotten the money I paid long time ago as renting a car would have cost me what I paid for it in these two years my main problem is I want to buy another car I don't have a driveway to park this car so I am liable to pay road tax and insureance that is around £900 in a year which I don't want to pay I can't keep 2 cars and I don't want to pay for a car that I am not going to use I guess it the scrap yard that it's going to unless finance company are happy with £100-300 after hearing my situation and the car millage which is 100k miles they won't get much at auction for repossessed 100k corsa
#19
They wouldn't have discussed the finance arrangement with you as they would much rather the person who took it out paid them (plus data protection issues of course).
If you phone / send them the 'bought in good faith' letter claiming clear title , asking nicely if they'd remove the black mark from their credit agency's files would be worth a shot.

Have read up of 'section 27 of the Hire Purchase Act 1964' if you haven't already.
#20
Right can i try and clarify.... the car is not stolen. There may be a civil debt to recover and there would be an issue if you sold the car without informing the person that there is outstanding debt if you know that is the case. i would write or email the finance company you contacted and inform them of the situation... that you have bought the car didnt know etc havent heard anything for two years and could they clarify the position for you as you now intend to sell it. if you hear something back that will guide you as to next action ie can you sell it? is there debt ? etc. if you get confirmation that there is no issue then sell it as normal. if you dont hear i would suggest similar as long as you have shown you have made proportunate steps to resole any issues with company. As for police insurance etc you are covered . there may be an issue if the company has applied for recovery against an outstanding debt but they should have contacted you as the registered keeper so i personally dont think there will be. After two years i would suggest if you havent heard it is resolved but you do need to check as above. hope this helps
#21
I got stung by not checking this. Bought a VW Polo 2nd Hand was 4th Owner. Car still had finance ... I didn't know until I got a knock on the door by two guys wanting the keys to the car to take it from me. I'm like what! They say the car has finance on it and the person has defaulted so the car finance company wants it back to sell it at auction to recover costs.... I'm like you're having a laugh. called the police. Police say can't do anything it's a legal loophole but the first person who sold the car should not have done this as it was not legally theirs to sell (as has finance on it). Lost out £1500!

Finance company says they've been looking for the car for 3 years and only found it now as checked DVLA Road Tax and found I had registered it.

The story is always get a HPI check done which included finance history of the car. Any car with outstanding finance walk away!
#22
There is technically no legal way of selling a car with a finance agreement outstanding as, at this point, you are not yet the legal owner of the car. In order to sell a car with finance on it either you or the dealership that you are selling it to will need to agree the terms on which you can buy yourself out of the agreement.
Source: http://www.buymycar.com/sell-my-car/how-to-sell-a-car-with-finance-on-it.php

It would depend on the agreement. If it is a standard Hire Purchase agreement the hirer has no right to sell the vehicle without the loan companys agreement. You would then need to pay the loan company direct as they are the owners of the vehicle and they would be able to give you good title. If you do buy the vehicle knowing that it has finance on it, you would become liable. Best thing to do would be to contact the loan company direct and see if they will give you good title in the vehicle if you buy it from them.

You would need to check the agreement. If it is a conditional sale agreement the customer would be able to sell the vehicle and continue paying the loan. Black Horse Finance generally use Hire Purchase Agreements so I would stay away from buying the car unless you can contact Black Horse direct and they agree to pass good title to you (you would need to pay them direct). As you know that there is finance on the vehicle, if you did buy it, Black Horse would be able to take the car off you and you would have lost everything.
Source: http://www.hotukdeals.com/misc/is-it-illegal-to-sell-a-car-with-outstanding-594894
#23
So in essence you need to 'legally' explain to the person that you sell the car to that the car has finance on it.
- They then need to contact the Finance company to see if they can get the Good Title for the car ... which the finance company wont give as it's got outstanding finance on it.
- The finance company may 'sell' you the car though ... for an agreed amount ... and then you are the rightful owner of the car. They do this to recoup some money from the debt accrued. As technically it's still their car.

Worst case scenario is you sell the car. The car gets impounded like mine did as the person who is paying the finance has defaulted his payments. Then the guy who bought it from you takes you to court and sues you. You will then have to sue to person you bought it off. Who will then have to sue toe person they bought it from. Who then sues the person he bought it off. Back to the initial person who bought the car on finance. The main thing you need to know is, legally, did the first person who had the finance legally able to sell the car in their initial Terms of Conditions of the Finance Agreement? I was told to do this but I thought too much hassle and cost a lot in lawyer fees etc.

What I would do to cover your back is:
- Ring the finance company. It's risky! They may ask for their car back though. Advise them of the situation. Advise them you are looking to sell the car. If they say you can't. Ask them if they are willing to give you the Deeds of the car. They won't though as it's their property legally. They will probably ask for the car back if the loan has defaulted.
- Ring Citizens Advice for some free impartial advice about this.
- Sell the vehicle on and play dumb around the finance. Let someone else deal with it. But risk getting an angry call when they realise it's got finance on.
- Or a sting in the tail, is that you ask the finance company if you can buy the car from them. How much is remaining on the loan. Or see if they will sell it to you discounted.

Either way I feel for you. Happened to me like I said out the blue but mine got impounded by the finance company and I lost £1500


Edited By: krazyasif786 on Dec 20, 2014 08:25
#24
Thanks for all the advice guys will give them a call in the new year and try to get some answers if they give them
#25
tdh31
Right can i try and clarify.... the car is not stolen. There may be a civil debt to recover and there would be an issue if you sold the car without informing the person that there is outstanding debt if you know that is the case. i would write or email the finance company you contacted and inform them of the situation... that you have bought the car didnt know etc havent heard anything for two years and could they clarify the position for you as you now intend to sell it. if you hear something back that will guide you as to next action ie can you sell it? is there debt ? etc. if you get confirmation that there is no issue then sell it as normal. if you dont hear i would suggest similar as long as you have shown you have made proportunate steps to resole any issues with company. As for police insurance etc you are covered . there may be an issue if the company has applied for recovery against an outstanding debt but they should have contacted you as the registered keeper so i personally dont think there will be. After two years i would suggest if you havent heard it is resolved but you do need to check as above. hope this helps

Even if he informs the buyer he can not sell it. It is not his to sell. He does not have any kind of proof of ownership and a check on the car reveals it is owned by the finance company.

He can not sell it until he resolves it with the finance company. They can even ask for the car back and just take it without giving him a penny its there car as far as the law is concerned. It is not just a civil debt and they can report it stolen at any time and the guy will get pulled over and the car taken away.

OP i personally would not contact them or try sell it. Just use it as a free rental car
#26
AStonedRaichu
tdh31
Right can i try and clarify.... the car is not stolen. There may be a civil debt to recover and there would be an issue if you sold the car without informing the person that there is outstanding debt if you know that is the case. i would write or email the finance company you contacted and inform them of the situation... that you have bought the car didnt know etc havent heard anything for two years and could they clarify the position for you as you now intend to sell it. if you hear something back that will guide you as to next action ie can you sell it? is there debt ? etc. if you get confirmation that there is no issue then sell it as normal. if you dont hear i would suggest similar as long as you have shown you have made proportunate steps to resole any issues with company. As for police insurance etc you are covered . there may be an issue if the company has applied for recovery against an outstanding debt but they should have contacted you as the registered keeper so i personally dont think there will be. After two years i would suggest if you havent heard it is resolved but you do need to check as above. hope this helps

Even if he informs the buyer he can not sell it. It is not his to sell. He does not have any kind of proof of ownership and a check on the car reveals it is owned by the finance company.

He can not sell it until he resolves it with the finance company. They can even ask for the car back and just take it without giving him a penny its there car as far as the law is concerned. It is not just a civil debt and they can report it stolen at any time and the guy will get pulled over and the car taken away.

OP i personally would not contact them or try sell it. Just use it as a free rental car
hi thanks for replying to this thread as I have said I contacted them when I found out that it has finance around 2 years ago they have not contacted me back yet I have to see what options I have because I need a bigger car not a seven seater just a bigger car that's why I thought I will ask here and see the responses thanks every one more replys won't hert will learn more from you guys and ladies

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