Real Stories
Ke Yang - Car Crime Victim of Car with Existing Finance
Ke Yang and his wife recently had a baby and decided to purchase a bigger car for the family. After finding an Audi A6 registered in 1999 on www.autotrader.co.uk, Ke Yang made an appointment to view the vehicle. After seeing it, he paid the owner £4,750 in cash and drove the car back home, delighted with his new purchase!
Two months later, Ke Yang was horrified to discover that the car disappeared from the front of his house overnight. It was not until 8.30am the next morning that he discovered that the car had gone. He telephoned the police and reported it as stolen and then called his insurance company, Tesco.
Some days later, Tesco telephoned Ke Yang to say that they had discovered that the car had been repossessed by the finance company, College Credit Ltd, as it had outstanding finance. In light of this, Tesco told him, they could do nothing more to help him.
Ke Yang decided to visit the guy he had bought the car from to see if there was any way he could get his money back. On arrival at the family home, he saw a new BMW that they had recently bought and felt even more angry with the situation.
He confronted the owner who said that it was not his problem and that if Ke Yang wanted to pursue it, he should contact the police. It became clear that Ke Yang was not going to get his money back.
So Ke Yang called the police who explained to him that it was a civil matter and there was nothing they could do. Ke Yang is currently seeking legal help to try and retrieve the £4,750 he has lost, but is not hopeful they he will be successful.
Remember:
- If it's a private sale, ask the seller if the car has any outstanding finance, and carry out a data check to be sure.