I have sold my car that was on finance?

i bought the car on finance but could not pay i sold it to a garage and bought a car and bike!

i have since sold the bike!

finance company says they are comming to reposes the car what will happen when they find out i dont have it anymore?

I have sold my car that was on finance?

Why did you do it? Sell your car and bike quickly and see if you can pay off the money you owe the finance company, that is your only option otherwise you%26#039;re in trouble!

I have sold my car that was on finance?

You go to Court. You sold the vehicle without Good Title - and the new owner will lose too.

I have sold my car that was on finance?

it%26#039;s called fraud, and they%26#039;ll probably take something else... possibly even just take you to jail.

I have sold my car that was on finance?

mmmmmmmmmmmmm oh dear .......

finance company gona get you and when they have finished the garage will probably sue you as well

and you best hope noone brings any criminal charges for fraud

you naughty lad you lol

I have sold my car that was on finance?

They will sue you for the money you owe and give you a bad credit rating. No more loans for you.

By the way, that was an illegal sale. In the US, the next owner technically can%26#039;t register the car, because the ownership papers are not endorsed by the lender,

I have sold my car that was on finance?

As the car was bought on finance and there were still payments to be made, the car was not yours to sell. I can say for certain you are in TROUBLE my friend with possible court proceedings on the way too.

You obviously were not honest with the garage that bought the car either so they may well sue you too.

It%26#039;s called BIG TROUBLE !

I have sold my car that was on finance?

Now youv%26#039;e really done it.

You better move house quick %26amp; get a new name!

I have sold my car that was on finance?

Issue you with a writ. They will have to start a lengthy legal process to recover their money/goods. In almost all cases the title of goods remains the property of the finance co., or bank until they are fully paid for . If they decide that you have no money or estate i.e., a house, which they can force you to sell, they may leave you alone and go for the garage who bought the vehicle from you . The least that will happen to you is your credit worthiness will hit the deck %26amp; no one will touch you with a barge pole.That is the least you can hope for.

I have sold my car that was on finance?

It%26#039;s basically a stolen car. It belongs to the bank, but you sold it to someone else.

I have sold my car that was on finance?

fraud. you sold a car that you did not legally own.

first the new owner will not be ableto register the vehicle. he will sue the grage who will in turn sue you.

the finance company will su you for the remaining payments and fees.

your credit is ruined by the repossession.

i would wory about criminal charges. use money from bike to hire lawyer.

I have sold my car that was on finance?

If you actually sold it as you say, you will be doing some jail time for fraud. Amazing, the dumb things people do that they think they can get away with.

I have sold my car that was on finance?

You will be liable for any monies owed. Talk to them NOW!

or you could fund yourself in a bigger mess

I have sold my car that was on finance?

You%26#039;re in deep do, do with the finance company, the Police and the garage you sold car to who payed you for a car that you didn%26#039;t legally own. May be you should pack an overnight bag, just in case

I have sold my car that was on finance?

It,s surprising that the garage that bought the car didn,t check the hp status of the car, it,s fairly easy to do.

I have sold my car that was on finance?

You can be prosecuted as it was not your car 2 sell