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Black Horse Personal Loan
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Hi, i am first time user to this site. I Brought a car from Black Horse Cars Sales in the midlands. when i got it they told me that i could have it on a personal loan basis that has better interest than HP and I am able to sell the car whenever i like. I went to sell to a dealer only to find out it's on the HPI thingy. I spoke to black horse and they said Yes i can sell but any money from sale is there's. So to me i have a HP not a personal loan as my paper work says? Is there any thing i can do as i would like to sell my car now?
Thanks Jon
Thanks Jon
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Interesting that they should say that to you, I think if you approach them again, and inform them that you have a personal loan which you wish to carry on even though you wish to sell your car. I would be most suprised if they did not agree to this, especially as they have sold you the finance ona personal loan basis and not on the goods.
Interesting that they should say that to you, I think if you approach them again, and inform them that you have a personal loan which you wish to carry on even though you wish to sell your car. I would be most suprised if they did not agree to this, especially as they have sold you the finance ona personal loan basis and not on the goods.
Hi,
Having worked for BlackHorse many years ago, I am not surprised by your confusion as to whether the loans a hp or vice versa.
If they sold you the loan as a loan...and it turned out to be a HP, then you should complain.....adn if you dont get a satisfactory response adn you are tied into te HP agreement due to any potential negative equity.......then take it to the ombudsman.....
They can be cowboys......be careful....
Having worked for BlackHorse many years ago, I am not surprised by your confusion as to whether the loans a hp or vice versa.
If they sold you the loan as a loan...and it turned out to be a HP, then you should complain.....adn if you dont get a satisfactory response adn you are tied into te HP agreement due to any potential negative equity.......then take it to the ombudsman.....
They can be cowboys......be careful....
Hi friend!
I suggest this forum below and you can post your doubts and questions regarding loans!
Infosands - Join hot forum
I suggest this forum below and you can post your doubts and questions regarding loans!
Infosands - Join hot forum