Bought a bike 6 months ago, found out bad history on HPI....

[faith183uk]

Hi, I bought a R1 about 5 -6 months ago, paid cash from a private seller. I was selling it so i decided to do a HPi check.

It came back as having outstanding finance against it.

Does anyone know how to find out the company its owed to, and where i stand legally if i bought the vehicle in good faith from the seller.


Gutted

[iooi]

.

Post below is better than mine..
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Just because my bike was A DIVVY, does not mean i am......

[Zimbo]

According to the law, you may still be able to keep the vehicle.
There are three qualifying criteria:

1. The vehicle must be manufactured for use on a public road (no problem there then)

2. The vehicle must have been bought in a private sale, with you not being aware of the history, you must have bought the vehicle in good faith and with no knowledge of the outstanding finance.

3. You must have bought the vehicle from the person owing the finance.

If you meet those three conditions you are legally able to claim good title to the vehicle under the terms of the Consumer Credit Act, 1974.
Speak to Trading Standards, they will be able to advise you of your exact rights in this matter.
Happened to me once, I got a letter from the finance company demanding I surrender the bike, I wrote back claiming good title under the terms above, never heard back from them.

[Mr.Everready]

Can I ask the question that everyone is thinking.

Why are you only HPI'ing the bike now, why not before you bought it ?
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the undemocratically unelected mod of the Scottish section

[Mark_petty]

I know what you are going through mate, I did the same on my old car. I was looking at loosing £6k though
I bought the car of an old friend who forgot to mention it had finance owing
Luckily I knew where his shop was so I just kept going round there until he paid up. Went on for months though - very stressful

Thats very interesting what Zimbo mentioned. Sounds like you have no worries at all then.

Good luck mate, let us know how you get on.

p.s to find out who the finance is through check your hpi report there should be a number on there with a id you quote. btw they will give you some rubbish down the phone saying they can't tell u anything only that they own the vehicle etc etc..
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[Rides: Suzuki GSF600sx]
[CBT: Passed] [Theory: Passed] [DAS: Passed]

[Pete.]

I bought a car from a dealer years ago and was on holiday a few weeks later when I got a call at home saying they (finance company) want it back. When they learned it was dealer-bought they left me alone. Apparently the previous owner gave it in part-ex for a new motor without declaring the outstanding finance.
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a.k.a 'Geri'

132.9mph off and walked away. Gear is good, gear is good, gear is very very good

[veeeffarr]

[DynaMight]

I gotta be honest I've never done a HPI check on any bikes I've bought! Although I've only bought 2 from private sales and they've all been atleast 5 years old....hoping for the best

Saying this, I have sold a bike that was under finance! actually part exchanged it to the shop I bought it from with well 2 years finance remaining! It didnt even occur to me at the time but I had no intention of stopping the payments or anything so there wasnt a problem. Lucky really, that RS125 would never had lasted 4 years barely got through 18months and then it looked like a tatty rust bucket.
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My bikes are at https://www.bikepics.com/members/dynamight/

[Keir]

i found my fazer had outstanding finance on it with black horse. I called the number and explained that i had bought the bike then checked it etc and she said oh thats fine, i will remove the interest marker we have placed on this vehicle and arrange alternative options with the borrower. thanks bye.
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Current : '08 Yamaha FZ1s
Previous: '99 Honda CBR 600FX, 03 ZX636 B1H, 99 Fazer 600 (red), 02 GSX-R 600 K2, 00 SV650s (red), 2008 ZX10R, 97 Bandit 1200N, 04 ZX6RR K1H, 04 GSX-R 1000, 98 Fazer 600 (gold), 05 Madness 110 Pit bike, 04 CR125R, 00 SV650s (black), 06 KTM 625 SMC, 99 SRAD 600 track bike, 03 SV650, 98 Bandit 1200N, Bandit 600SY, 03 GSX-R 600 K3, 01 GSX-R 600, 01 Fazer 600 (black), VFR 400 NC30 x3, 78 Honda Dream, 00 Speedfight 50

[Blunet600]

I know i must sound stupid, but what is HPi? and how do you check a bike/vehicle for it?
cheers

[Mr.Everready]

https://www.hpicheck.com/newfrontend/

You call them and after a payment they will tell you if the vehicle has finance owing on it or it has had an insurance claim made on it.
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the undemocratically unelected mod of the Scottish section

[Glen]