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scrapping a car with 400 finance still to pay ?

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  • scrapping a car with 400 finance still to pay ?

    My son has a car that he didn't finish the finance on , its now completely broken and won't even start . Its out of MOT and he now has another car which he is using taxed and insured.
    He's moving and the landlord needs the parking space where the car is sworn off the road , can he scrap this car even though there is 400 owing on the finance ?

    Thanks s2m
    _______________________________________




  • #2
    Re: scrapping a car with 400 finance still to pay ?

    Originally posted by Spent2much View Post
    My son has a car that he didn't finish the finance on , its now completely broken and won't even start . Its out of MOT and he now has another car which he is using taxed and insured.
    He's moving and the landlord needs the parking space where the car is sworn off the road , can he scrap this car even though there is 400 owing on the finance ?

    Thanks s2m
    If the car has finance or you have a hire purchase agreement, your Son will need to arrange to settle this before you can sell or scrap the car unless the finance company has agreed otherwise. Until you have cleared this finance or come to another arrangement with the finance company, you are not legally able to sell or scrap your car.

    Simply taking a car to the scrap yard isn't like it used to be..."no questions asked and crush it" now the Breakers Yard have to keep records with the DVLA and will HPI the car before accepting it.

    On the the other hand if he bought it with a loan then Hire Purchase doesn't come into it. and the car is free of any lien.

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    • #3
      Re: scrapping a car with 400 finance still to pay ?

      Originally posted by alland View Post
      If the car has finance or you have a hire purchase agreement, your Son will need to arrange to settle this before you can sell or scrap the car unless the finance company has agreed otherwise. Until you have cleared this finance or come to another arrangement with the finance company, you are not legally able to sell or scrap your car.

      Simply taking a car to the scrap yard isn't like it used to be..."no questions asked and crush it" now the Breakers Yard have to keep records with the DVLA and will HPI the car before accepting it.

      On the the other hand if he bought it with a loan then Hire Purchase doesn't come into it. and the car is free of any lien.
      Hi thank you for the information - he got it through Ford . So will let him know what you told me , he needs to get rid though as its on someone's land and is sworn off the road and they need the space .

      thanks again much appreciated
      _______________________________________



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