Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Please note that it is not permitted to have referral links posted in your signature. Keep these links contained in the appropriate forum. Thank you.

https://www.boards.ie/discussion/2055940817/signature-rules
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Bought a car with finance outstanding...what are my rights?

  • 15-03-2010 11:08pm
    #1
    kerryman10
    Registered Users, Registered Users 2 Posts: 87 ✭✭


    Bought a car with finance outstanding...what are my rights?


Comments

  • #2
    Saab Ed
    Closed Accounts Posts: 5,374 ✭✭✭Saab Ed


    Unless you bought it from a dealer I'd say the only right you have is to feel hard done by.

    Can I just ask the question, how the hell did you end up buying a car with money outstanding on it. :confused:


  • #3
    kasper
    Registered Users, Registered Users 2 Posts: 1,437 ✭✭✭kasper


    did you buy it off a dealer or private sale?


  • #4
    scudzilla
    Registered Users, Registered Users 2 Posts: 11,959 ✭✭✭✭scudzilla


    i think i'm right in saying that the car doesn't belong to you, it belongs to the finance company


  • #5
    Nonoperational
    Registered Users, Registered Users 2 Posts: 7,401 ✭✭✭Nonoperational


    Your not in a good position at all. You have no "rights" as such.


  • #6
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,861 Mod ✭✭✭✭Henry Ford III


    Did you run any checks pre purchase? If so you may have a case.


  • Advertisement
  • #7
    WIZE
    Closed Accounts Posts: 3,597 ✭✭✭WIZE


    Is it just me or is there a lot of theses threads being setup lately

    How did you find out there was outstanding finance on the car and why didn't you do this check before you bought it


  • #8
    mickdw
    Registered Users, Registered Users 2 Posts: 23,688 ✭✭✭✭mickdw


    Did you run a check on it before buying?


  • #9
    Saab Ed
    Closed Accounts Posts: 5,374 ✭✭✭Saab Ed


    Most Haunted wrote: »
    Is it just me or is there a lot of theses threads being setup lately

    How did you find out there was outstanding finance on the car and why didn't you do this check before you bought it

    Good point. OP you've been running this over on consumer issues all day, what more do you want to know?


    http://www.boards.ie/vbulletin/showthread.php?t=2055854433


  • #10
    recylingbin
    Closed Accounts Posts: 5,001 ✭✭✭recylingbin


    How long ago?
    How did you pay?
    Either way, talk to a solicitor.

    Last resort:
    If you are liable to pay the balance of finance owed on the car, which I'm not sure of, maybe you could ring the finance company and negotiate a deal with them.
    Couldn't hurt.

    edit:
    sorry, dead link now.
    Basically it stated that if you weren't told about outstanding finance at the time of sale, you are not legally liable.
    It was for the UK though and was a couple of years old.


  • #11
    kerryman10
    Registered Users, Registered Users 2 Posts: 87 ✭✭kerryman10


    Sorry guys. just trying to get a handle on the whole thing and not sure what to do now.

    Bought the car privately and in a hurry. Wrote off my previous car and needed another badly.
    I'm not trying to make excuses and know it was pure stupidity on my part.:(

    I'm just trying to assess the situation I've gotten myself into and thought that this forum might help.


  • Advertisement
  • #12
    kerryman10
    Registered Users, Registered Users 2 Posts: 87 ✭✭kerryman10


    recylingbin wrote: »
    How long ago?
    How did you pay?
    Either way, talk to a solicitor.

    Last resort:
    If you are liable to pay the balance of finance owed on the car, which I'm not sure of, maybe you could ring the finance company and negotiate a deal with them.
    Couldn't hurt.

    Payed by draft about a week ago but have not sent in the registration cert yet. I guess when i do i'll have to dodge the repo guys.


  • #13
    jimmycrackcorm
    Registered Users, Registered Users 2 Posts: 14,378 ✭✭✭✭jimmycrackcorm


    You need to visit the previous owner and establish if he intends settling the finance. It may be simply a case that he needed to sell the car first to have the money to pay it off. I've done this myself in the past. Visiting him also will help make sure he does do this.


  • #14
    recylingbin
    Closed Accounts Posts: 5,001 ✭✭✭recylingbin


    kerryman10 wrote: »
    Payed by draft about a week ago but have not sent in the registration cert yet. I guess when i do i'll have to dodge the repo guys.

    Call the guy up and find out what the story is.
    If he says he is going to pay it, go to him and get him to sign something to that effect.
    If not, ring the bank and ask them to put a stay on the draft if it hasn't already been cashed.

    You should ring the finance company as well to find out where you stand.


  • #15
    kerryman10
    Registered Users, Registered Users 2 Posts: 87 ✭✭kerryman10


    Too late to cancel the draft i'm afraid.


  • #16
    kasper
    Registered Users, Registered Users 2 Posts: 1,437 ✭✭✭kasper


    how well do you know the seller ? approx how much did you spend ?


  • #17
    alias no.9
    Registered Users, Registered Users 2 Posts: 6,352 ✭✭✭alias no.9


    At least with the draft, you have a record of the transaction. How much did you pay? The small claims court deals with claims up to €2k but if it's more than that, get a solicitor.


  • #18
    bazz26
    Registered Users, Registered Users 2 Posts: 51,364 ✭✭✭✭bazz26


    OP, pay a visit to your local Citizen's Advice office, they will offer you advice and tell you where you stand. This advise will cost you nothing and if you have a case then you can proceed with hiring a solicitor.


  • #19
    LookBehindYou
    Registered Users, Registered Users 2 Posts: 994 ✭✭✭LookBehindYou


    kerryman10 wrote: »
    Payed by draft about a week ago but have not sent in the registration cert yet. I guess when i do i'll have to dodge the repo guys.

    Talk to the seller about settling the finance on the car, he may be ok about it, explaining that he needed to get the car sold first before settling the finance.
    If he is not being fair, and tells you to piss off, you could easily piss him off by not changing ownership yet, and go free on the m50 and past gatso vans a little over the speed limit. He will get the fines.


  • #20
    kerryman10
    Registered Users, Registered Users 2 Posts: 87 ✭✭kerryman10


    LookBehindYou wrote: »
    Talk to the seller about settling the finance on the car, he may be ok about it, explaining that he needed to get the car sold first before settling the finance.
    If he is not being fair, and tells you to piss off, you could easily piss him off by not changing ownership yet, and go free on the m50 and past gatso vans a little over the speed limit. He will get the fines.

    Good one mate:D


  • #21
    kerryman10
    Registered Users, Registered Users 2 Posts: 87 ✭✭kerryman10


    alias no.9 wrote: »
    At least with the draft, you have a record of the transaction. How much did you pay? The small claims court deals with claims up to €2k but if it's more than that, get a solicitor.

    I don't really want to mention a figure but it was over 2K. Luckily I can just about afford it.

    Will be employing a solicitor today.


  • Advertisement
Advertisement