4.11 An exception to this is embodied in Part III of the Hire Purchase Act 1964. If a car which is subject to a hire purchase or conditional sale agreement (that is, whose legal owner is for the time being a finance company) is sold either directly or indirectly to a buyer who is not in the motor trade and who buys in good faith, that buyer will normally obtain good title. Part III does not apply to sales of cars stolen from a hirer or cars which were stolen before they were sold via hire purchase. Nor does it apply to vehicles subject to a leasing agreement. There is also no protection where the buyer has checked with a database company and found that there is outstanding finance, since in this case, there could not be an innocent purchaser defence