Selling a vehicle: just been told finance is owed on it. Any rights?

Dionysus

A friend has just walked in the door livid as fúck because, after finally getting somebody to purchase his vehicle, the potential purchaser just rang him to tell him that he did a check on it and finance is still owed on it - from the person my friend bought the vehicle from two years ago. He's in a murderous rage and getting ready to travel across Ireland to string the scumbag parasite in question up.

Does anybody know his legal rights in this situation?

Thanks.

vetstu

It's his own fault for not checking when he bought the car

Anan1

Has your friend run a check himself yet? If so, how much is owed?

Dionysus

vetstu wrote: »

It's his own fault for not checking when he bought the car

True - but telling him that now wouldn't exactly be conducive to your health. He's only a young fella. He's learning his lesson as I write. I'm just wondering about his legal rights.

Dionysus

Anan1 wrote: »

Has your friend run a check himself yet? If so, how much is owed?

He just found out in the past hour from the potential purchaser. Where can he run that check?

Thanks.

Gumbo

Dionysus wrote: »

True - but telling him that now wouldn't exactly be conducive to your health. He's only a young fella. He's learning his lesson as I write. I'm just wondering about his legal rights.

none, in this case its buyer beware and he should of finance checked it when he bought it. but check it out, it could be 10e outstanding

-Chris-

motorcheck.ie will tell him if there's finance outstanding, but I don't think it'll tell him who it's with.

I'd say he needs to ring the various car finance companies to find out the balance owed.

Anan1

Dionysus wrote: »

He just found out in the past hour from the potential purchaser. Where can he run that check?

Thanks.

Tell him to grow up, calm down, and run a check with Motorcheck, Cartell or the like.:)

copacetic

-Chris- wrote: »

motorcheck.ie will tell him if there's finance outstanding, but I don't think it'll tell him who it's with.

I'd say he needs to ring the various car finance companies to find out the balance owed.

motorcheck will tell you the finance company and the loan number, so it's an easy check. they'll even check it for you if you like.

-Chris-

copacetic wrote: »

motorcheck will tell you the finance company and the loan number, so it's an easy check. they'll even check it for you if you like.

You learn something new every day!!

copacetic

sample result (with identifying info covered up)

Dionysus

I'm wiser now as a result of his mistake. My last car I bought privately (although the guy was connected to a garage) and I never did a finance check. It was fine. I'll be sure to do it from now on. The need for a previous finance check caveat emptor should be advertised more.

Thanks.

dharn

strange that the finance company did not come after the present owner for 2 years if they were not fully paid for the car

Big Nasty

dharn wrote: »

strange that the finance company did not come after the present owner for 2 years if they were not fully paid for the car

Maybe he sold the car to finance something else, e.g. living expenses and is still paying off the original loan?

copacetic

dharn wrote: »

strange that the finance company did not come after the present owner for 2 years if they were not fully paid for the car

loan could still be being serviced. easy to find out..

Mr. Loverman

That's mental. I would have thought the previous owner of the car was totally liable for the amount owed, and the fact that he has sold on the car is irrelevant.

-Chris-

Yeah, but until he's paid the loan it's not his to sell, and therefore if he stops paying the loan the car can be taken off the current owner.

Also, you can't take out new finance on a car that already has finance on it, again because the actual owner is the bank, not the person who sold it or the person who bought it.