Chat & Social > The Bar - General Chat

repo of car

(1/3) > >>

LOFTY:
Well heres a challenge,
Man owes money, say £20k, man he owes it to, gets him to sign over ownership of his car as payment for the £20k, free from any legal encumberment, or outstanding HP.
On collecting car, the Police come around with HP man, saying they want there car back, when told that it was signed over, with signed document saying"free from hp", so possesion 9/10 ths of the law?????????? :?

chuggaman:
oh no

belongs to the hp company full stop

mike

drum:
The Police will tell the HP man to get a court order (They do in any case of disputed ownership), Which they will more than likely get. The inflated costs of which will be added to the HP debt. So everybody but the solicitors loses out from it.

If It was that easy everybody would sign their cars over to their best mates.

Damonski:
The moral of the story, pay your bills  :wink:

dave_2A_2.25Turbo:
Second moral: be sure there's no HP outstanding on any s/hand car you buy!!

Navigation

[0] Message Index

[#] Next page