Can with Finance.. Not showing on HPI?
Hi, i purchased a car from a dealer 2 years ago on a finace agreement.. Was looking at maybe trading car in so went to local garage.. They done a HPI check and said my cars shows no outstanding Finance.. But im still paying the finance company for it!. so i called finance company, where they advised me they still had interest in the car, but was a mistake on system. So i done a Credit Report with Experian.. and it does not show up on that either!.
So can i just sell the car, or trade it in at a garage, on even just stop paying for it?.. would there be any legal come back, as surely, there i sno record of finance outstanding, nothing displays on credit report that they can default aganinst.
THanks
what does your finance agreement say, how long does the contract run for, how many months have you paid. That's where you need to look, if it says 24 months, and you have paid 24 instalments, then you have paid it off. if it says 36 months, then you haven't. All he check shows is that there isn't any outstanding finance, that is owing and not paid. If you pay the premiums regularly, then it wont appear.
