This crossed again but go read the links and do your own research.
If you are a private seller and an innocent buyer comes along he has no need to fear repossession, but he may have to satisfy the lender that he IS an innocent buyer and that can take time because the banks and finance companies have whole departments dedicated to minimising and prosecuting fraud.
I've already told you why the trade insist that finance is settled: because they DON'T have the same protection so if they buy the car in to stock or take it as a px the finance company can come and lift it from the forecourt and leave the innocent dealer to recover their cash from the seller because the courts have deemed the trader to be experts.
Now, I'm calling troll at this point.
Last edited by Iain Mac; Aug 7, 2012 at 01:08 AM.