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Old Aug 6, 2012 | 09:09 PM
  #18  
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D-Sport
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No matter what you say to me I'm not at all convinced what your saying is true and correct

When I take finance out on a car the finance company or bank owns the car and retains the right to repossess if I fail in my duty to pay my fees

If I sell this vehicle toy mate and I stop paying then my mate is up the creek because the finance house will come looking for the car and will repossess it to sell it at auction to recoup their outstanding fees, my mate would then have to sue me for what he paid me.

If any of this is untrue why aren't people taking out finance for say 5 cars, then selling them and pocketing a huge sum of money and the 5 people who bought them wont have them repossessed?

Your trying to tell me the banks are that soft?

Why do car sales businesses when getting a car in from a trade in pay off the finance house instantly
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