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car hpi

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pgoldman23 | 23:28 Wed 25th Apr 2007 | Civil
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what happins if i have bought a car with hpi on it iam i liable for paying for it again?
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you should not be able to buy any car with HP on it,unless you are buying it from a friend or a cowboy dealer,dealers are,by law not allowed to sell any car with outstanding hp on it,it must be paid off, its different if the car is bought by a loan,but answering your question,the person whos name is on the HP is responsible for all the payments,if payments are not paid,ie you buy the car from a friend and he does not pay,the car can be snatched back,by the HP company
I concur, the car is considered as stolen from the HP company, you will only be entitled to compensation through the courts if you are lucky!!!
if you suspect a car having outstanding finance on it (interest), you should never buy it unless you agree to pay the remainder. Whenever you buy a car you must always do a HPI check, this will show if the vehicle has any interest in it (outstanding lease or HP).

I would check all the contracts

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