Finance Advise Please
Posted: Mon Nov 21, 2011 4:56 pm
Afternoon,
When I bought my car I did the usual HPI Checks and the only issue it flagged up on was that it had outstanding finance.
Obviously at the time this was enough for me to step away from buying the car however after giving the seller chance to check everything as the finance was showing as outstanding prior to him buyer what had happened was.
A previous owner has failed to meet payments and Leicester Audi took the car back in 2007, the finance was then cleared and the car sold on to the guy I bought it off, for £36,000.
With this I had VW Group who had the outstanding finance write / e-mail and fax me confirmation they had no interest in any finance on the car (which is what showed as on the HPI Check) I then had Leicester Audi manage confirm by fax and e-mail that there was no outstanding finance on the car.
So I went and bought the car.
As I'm thinking of selling soon I just ran a HPI Check and it still shows as flagging up from VW Group.
Anyone know how I go about having this resolved so that when I do go to sell rather than the new buyers having to have shed loads of paperwork confirming there is no finance on the car they can simply HPI Check the car and see themselves that everything is in order also want it doing for my peace of mind.
Cheers in advance if anyone knows.
I'm assuming I have to contact someone and either give them the confirmation there is no outstanding finance or Leicester Audi or the VW Group and tell them to update there systems or speak to whoever?
When I bought my car I did the usual HPI Checks and the only issue it flagged up on was that it had outstanding finance.
Obviously at the time this was enough for me to step away from buying the car however after giving the seller chance to check everything as the finance was showing as outstanding prior to him buyer what had happened was.
A previous owner has failed to meet payments and Leicester Audi took the car back in 2007, the finance was then cleared and the car sold on to the guy I bought it off, for £36,000.
With this I had VW Group who had the outstanding finance write / e-mail and fax me confirmation they had no interest in any finance on the car (which is what showed as on the HPI Check) I then had Leicester Audi manage confirm by fax and e-mail that there was no outstanding finance on the car.
So I went and bought the car.
As I'm thinking of selling soon I just ran a HPI Check and it still shows as flagging up from VW Group.
Anyone know how I go about having this resolved so that when I do go to sell rather than the new buyers having to have shed loads of paperwork confirming there is no finance on the car they can simply HPI Check the car and see themselves that everything is in order also want it doing for my peace of mind.
Cheers in advance if anyone knows.
I'm assuming I have to contact someone and either give them the confirmation there is no outstanding finance or Leicester Audi or the VW Group and tell them to update there systems or speak to whoever?