0
What happens if you sold a car with outstanding finance and the hire purchase company finds out about it?
Wiki User
∙ 9y ago
Most of the time this won't happen because when they pull a report on the car, or when title work is done, it would immediately show a lien on it. An individual may make that mistake, but they will also find out and the problem would have to be addressed.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What happens if you buy a car with outstanding finance?
Before that, you have to know what is outstanding finance. It does not belong to you. It belongs to the owner of the vehicle. So, buying or selling a car having outstanding finance is unlawful anywhere.
What happens if you no longer have the car and the finance company trying to repossess?
Someone has the car and the finance company has a lien on it. Any sale would have been fraudulent.
What happens if car dealer lies to finance company?
who the hell noes that?
What happens if you have a clean title and loan is secured can finance company still repossess?
Maybe
What happens if you part out a financed car?
You still owe the finance company the balance owed.
What happens when car dealer is misleading customer and finance company?
usually called FRAUD
If a car on finance is stolen and insurance pays out but then the car is recoverd what happens to the car?
It belongs to the insurance company
What happens if the car gets stolen and its still on finance?
You will still owe the finance company the balance of your finance note. Hopefully you have full coverage insurance. If you do have full coverage, the Comprehensive portion of your policy will generally pay off the finance company up to the insured limits (usually the remaining market value) of your insured auto.
What happens if you contact a finance company about your car loan they will be financing and tell them know you don't want them to finance it?
As long as you haven't signed the contract, you will just have to find other financing.
What happens to a vehicle if the financial company says they don't want it and they sue the owner for remaining balance after repossession and sale?
If the finance company has sold it, you have you answer. How can you be so stupid?
What explains what happens when a company or government issues bonds?
The company or government goes into debt to those who purchase the bonds.
What best explains what happens when company or government issues bonds?
the company or government goes into debt to those who purchase the bonds
