Ugh! Ugh!!! Can't believe it!!

[Delvard]

Ugh I was MEANT to fly out this morning and buy a bike in Manchester. For reasons far to dull to mention I had to cancel the flight until tomorrow. Good that I did! Why? Up until an hour ago I'd decided not to do an hpi check. (I know I know) Anyway good ol' commonsense prevailed and I just did one. Result?

VRM currently recorded as having outstanding finance



The finance house is Black Horse It was strongly suggested that I contact the finance house which I did. Here's the score: The bike was purchased with a Black horse loan. So they don't have an interest in the bike, but have an (obvious) interest in the monies.
BUT the Hpi report will still state VRM currently recorded as having outstanding finance until he pays it off. Possibly upsetting a future sale by myself if he doesn't pay up.
So what do I do? Go to the bank with him to see him pay it off? What sort of proof would I need to see? Just forget it?
Such a load of crap this, so peed off.

Andy
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A thing of beauty is a joy for ever: Its loveliness increases; it will never Pass into nothingness; but still will keep A bower quiet for us, and a sleep Full of sweet dreams, and health, and quiet breathing.

[pj25]

Sound's to me like it would be more hassle than it's worth.

walk away while you can.
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wasnt me, honest!!!!!

[instigator]

Ouch, sorry to hear that buddy, man that msut be one hell of a let down.

I'm not sure how you would go about paying it off, if you could do it at a bank and not over the phone then I may be persuaded to buy it but I wouldn't take his word for it.

[-Savage-]

i thaught i was going to have to tell you, "yes, it actually isnt butter"'
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My Bikes - - - Royal Enfield 500 with sidecar, VFR800, CBR600FX,
Peugeot Speedfight 100, Kymco Hipster 125, GSXR750K5, Jawa TS 350

[Rookie]

It all sounds distinctly dodgy to me. Have you put a deposit down? Might be worth talking to him; use open-ended questions and see what he comes up with.

[mr.z]

Phone up the seller and ask if he was going to bother telling you about the finance, then tell him to stick it up his stupid scaming arse..

If somebody is basicly trying to commit fraud against you then you dont buy anything off them... might even be worth mentioning it to the police, or at least telling him your going to


If the HPI check was linked to the bike then afaik they still own it, or can reposess it if its not payed off, not even worth risking either way...

There are plenty more bikes with desperate sellers at this time of year.
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>RidingSkills<->Tech Tips<->MyBikes<

[Rookie]

The thing is though if the bike itself isn't fiananced; he just took a loan out to pay for it, does it make any difference? Surely it's just him that takes the debt, not the bike?

[Mister James]

Surely if it is just a loan, it should not be linked to the bike? They can only legally cause you problems if the loan was secured on the bike. As such, it would seem that the loan being recorded on a HPI check is the same as it containing "has not paid his visa bill this month, and owes his mum £20".

I could be wrong, these things are often very confused and unfair.
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>Soultrader Mister James, I bet you are a copper
>Bazza Wow. Eyes like a shithouse rat, you...

[pj25]

HPI report's are not alway's correct either. He may have actually paid the loan off, but someone at blackhorse has forgotten to do the paperwork!!
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wasnt me, honest!!!!!

[colin1]

i dont think any bike is worth flying out to either
there must be some decent bikes near you
autotrader and ebay allow you to search for bikes near your postcode
you specifiy how far out you want it to look
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colin1 is officially faster than god

[Delvard]

[Rookie]

Anticipating a good reply!

[Delvard]

[.....]

Unlucky dude, bet you're better off this way.

Find a bike closer to you - this may be a blessing in disguise.

[Delvard]

[Gazdaman]

Personally I wouldn't have a problem buying that bike. They can't take the bike away from you. And assuming you plan on keeping it for more than 30 seconds, then it shouldn't show any problems with selling it.

But if you're laying out a fair bit of money, there's no point buying anything less than perfect.

Gaz

[MarJay]

when I sold my SV650 I still had finance owing. I paid it off over the phone there and then and got the woman on the end of the phone to confirm it to him.

Black Horse and Motorcycle Shitty both told me the finance was the same as a personal loan and the bike would not go on the HPi register when I bought it.

Obviously its bollocks. Buy the bike and get the bloke to pay the loan back while you are there.
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British beauty: Triumph Street Triple R; Loony stroker: KR1S; Track fun: GSXR750 L1; Commuter Missile: GSX-S1000F; Cheap project: CBR900RR FireBlade
Remember kids, bikes aren't like lego. You can't easily take a part from one bike and then fit it to another.

[carvell]

Clearly the way forward is to get a personal loan when you buy a bike, not get finance on the bike!
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Yamaha TDM 850

[Rookie]

Very true, I've never understood why people get fianance on bikes. Surely interest rates are much higher than getting a personal loan as well.

[The Old Geeza]

Thank God I paid CASH for both of mine then - eh

At least I know I truly own them outright

As far as I'm aware, there's nothing wrong with buying a bike which still has outstanding payments on it, so long as the seller keeps up the repayments after he/she has sold it.

I'm not sure how the law would stand. But I think the seller would be in more trouble than you for selling it on in the first place

Please don't flame me for this reply, it was just something I thought of. I might be completely wrong



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Horse Power was safer when the Horses had it!

[EuropeanNC30R...]

Erm, they can take the bike off you.

My Dad had some issue with buying a CBR6 off ebay which had finance owing. There was some hassle getting it sorted out with Black Horse etc but he got it in the end.

I also knew someone else who after owning a CBR4 for 9 months or so suddenly had a finance company coming after him for the bike, for previous un-paid finance

If in any doubt walk away.

[Nb]

[kawakid]

I always check the HPI.

Luckily someone on the mondeo forum (please don't have a go), i love bikes but know more about cars. Managed to get me one for free.

He sent me all the info.

It wasn't official like HPI, he just showed me what his work computer said, which is good enough for me.
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I've a twin and a 4.

[SoND]

I don't plan on ever getting finance or a loan for a bike. If I want a bike I can save and buy it with cash.

No point in getting in debt for a bike.
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Go back to bed - You have no rights - "Streetfighters ~ Mainstream motorcycling's crackwhore sister."

[Andy C]

sorry to be a little of topic here but how much is a HPI check? (i know what it is just not how much contact details etc etc)

hope you get it sorted. whats the bike?
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99 RS125 --> 02 SV650s --> 03 Speed Four --> 92 RXS100 --> 93 CB400sf --> 01 CB600f Hornet